Moving Beyond the four walls: The evolving impact of supplier sustainability on firm value

IF 6.8 2区管理学 Q1 MANAGEMENT

Journal of Purchasing and Supply Management Pub Date : 2023-10-01 DOI:10.1016/j.pursup.2023.100858

Zachary S. Rogers , Sina Golara , Craig R. Carter

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引用次数: 0

Abstract

Stakeholders are increasingly holding firms accountable for the sustainability performance of their suppliers, calling for increased levels of transparency and higher standards of social and environmental sustainability. This research focuses on the effect of supplier sustainability on focal firm value, and whether it differs from the effect of focal firm sustainability. The authors use an event study methodology to investigate 3986 positive and negative environmental and social sustainability event announcements from 1994 to 2013. The results suggest that supplier sustainability performance was not related to focal firm value at the beginning of this time period. However, after the turn of the millennium, the authors find a significant relationship between supplier social sustainability and focal firm value. Notably, focal firm value is not as heavily affected by supplier environmental performance. This long-term multi-faceted comparison provides empirical evidence informing firms on how they can best allocate their monetary and strategic resources to specific categories of supply chain sustainability in a way that maximizes focal firm value.

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超越四面墙:供应商可持续性对公司价值的不断演变的影响

利益相关者越来越多地要求公司对其供应商的可持续发展绩效负责，呼吁提高透明度和更高的社会和环境可持续性标准。本文主要研究供应商可持续性对核心企业价值的影响，以及供应商可持续性对核心企业价值的影响是否与核心企业可持续性的影响不同。作者采用事件研究方法，对1994 - 2013年3986个积极和消极的环境和社会可持续性事件公告进行了调查。结果表明，在这一时期开始时，供应商可持续发展绩效与焦点公司价值无关。然而，在世纪之交之后，作者发现供应商社会可持续性与焦点企业价值之间存在显著的关系。值得注意的是，焦点公司价值不受供应商环境绩效的严重影响。这种长期的多方面比较提供了经验证据，告诉企业如何以最大化焦点企业价值的方式，将其货币和战略资源最佳地分配到供应链可持续性的特定类别。

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

Journal of Purchasing and Supply Management MANAGEMENT-

CiteScore

10.30

自引率

18.00%

发文量

审稿时长

70 days

期刊介绍： The mission of the Journal of Purchasing & Supply Management is to publish original, high-quality research within the field of purchasing and supply management (PSM). Articles should have a significant impact on PSM theory and practice. The Journal ensures that high quality research is collected and disseminated widely to both academics and practitioners, and provides a forum for debate. It covers all subjects relating to the purchase and supply of goods and services in industry, commerce, local, national, and regional government, health and transportation.