全球供应链中与可持续性相关的违规行为:合法性溢出何时对采购企业的伤害最大?

IF 10.2 2区管理学 Q1 MANAGEMENT

Journal of Supply Chain Management Pub Date : 2023-08-31 DOI:10.1111/jscm.12308

Ivana Mateska, C. Busse, Andrew P. Kach, Stephan M. Wagner

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引用次数: 0

摘要

在全球化的世界中，采购公司越来越多地面临着关于其供应链中与可持续性相关的违规行为的批评，然而，关于这种负面新闻是否有任何底线影响的学术研究才刚刚开始出现。本研究发展并检验了供应商可持续性事件与采购公司相关股价影响之间关系的理论。一项包含与374家采购公司相关的1,699个事件的事件研究支持了我们的假设，即媒体对供应链中环境、社会或治理相关违规行为的报道导致采购公司市值下降。随后的回归分析表明，信息中介的影响潜力、供应商的国家层面的可持续性风险和购买公司的行业层面的可持续性风险都影响着投资者的反应程度。相反，事件的严重程度并不能预测股价反应的大小。

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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Sustainability‐related Transgressions in Global Supply Chains: When do Legitimacy Spillovers Hurt Buying Firms the Most?

In a globalized world, buying firms increasingly face criticism regarding sustainability‐related transgressions in their supply chains, yet scholarship concerning whether such negative press has any bottom‐line effects has only just begun emerging. This study develops and tests theory on the relationship between reported supplier sustainability incidents and the associated stock price impact for the buying firm. An event study comprising 1,699 events related to 374 buying firms supports our hypothesis that media coverage of environmental, social, or governance‐related transgressions in the supply chain results in decreased market capitalization for the buying firm. A subsequent regression analysis indicates that the influence potential of information intermediaries, the country‐level sustainability risk of the supplier, and the industry‐level sustainability risk of the buying firm all affect the magnitude of the investors’ reaction. Conversely, the severity of the incident does not predict the magnitude of the stock price reaction.

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来源期刊

Journal of Supply Chain Management MANAGEMENT-

CiteScore

16.00

自引率

6.60%

发文量

期刊介绍： ournal of Supply Chain Management Mission: The mission of the Journal of Supply Chain Management (JSCM) is to be the premier choice among supply chain management scholars from various disciplines. It aims to attract high-quality, impactful behavioral research that focuses on theory building and employs rigorous empirical methodologies. Article Requirements: An article published in JSCM must make a significant contribution to supply chain management theory. This contribution can be achieved through either an inductive, theory-building process or a deductive, theory-testing approach. This contribution may manifest in various ways, such as falsification of conventional understanding, theory-building through conceptual development, inductive or qualitative research, initial empirical testing of a theory, theoretically-based meta-analysis, or constructive replication that clarifies the boundaries or range of a theory. Theoretical Contribution: Manuscripts should explicitly convey the theoretical contribution relative to the existing supply chain management literature, and when appropriate, to the literature outside of supply chain management (e.g., management theory, psychology, economics). Empirical Contribution: Manuscripts published in JSCM must also provide strong empirical contributions. While conceptual manuscripts are welcomed, they must significantly advance theory in the field of supply chain management and be firmly grounded in existing theory and relevant literature. For empirical manuscripts, authors must adequately assess validity, which is essential for empirical research, whether quantitative or qualitative.