Top managers’ decisions to implement or impede green supply chain management practices: A behavioral agency theory perspective

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-07-05 DOI:10.1016/j.frl.2025.107904

Mingxing Xu , Ruoshan Yu , Huiting Chen , Xishu Zhang

引用次数: 0

Abstract

Green supply chain management (GSCM) is increasingly recognized as a key pathway to corporate sustainability, yet its adoption is hindered by high costs and uncertain returns, which heighten managers’ sensitivity to downside risks. This study applies the behavioral agency model to investigate the role of top managers’ risk bearing—stemming from cash compensation and stock options—in shaping the adoption of GSCM practices. We use data from A-share listed firms in China during 2014 to 2022 and find that higher risk bearing reduces managers’ willingness to adopt GSCM. This effect is intensified under conditions of high managerial myopia and environmental uncertainty but attenuates when these factors are low. These findings offer insights for firms and policymakers in designing strategies that align managerial incentives with sustainable supply chain practices.

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高层管理者实施或阻碍绿色供应链管理实践的决策：行为代理理论视角

绿色供应链管理（GSCM）越来越被认为是企业可持续发展的关键途径，但其采用受到高成本和不确定回报的阻碍，这提高了管理者对下行风险的敏感性。本研究运用行为代理模型来探讨高层管理人员的风险承担（源于现金报酬和股票期权）在塑造采用GSCM实践中的作用。我们使用2014 - 2022年中国a股上市公司的数据，发现较高的风险承担降低了管理者采用GSCM的意愿。这种影响在管理高度短视和环境不确定性的条件下会加剧，但在这些因素较低时则会减弱。这些发现为企业和政策制定者在设计将管理激励与可持续供应链实践相结合的战略方面提供了见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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