Do green supply chain management practices improve organizational resilience during the COVID-19 crisis? A survival analysis of global firms

Muhammad Ullah, Muhammad Zahid, Syed Muhammad All-e-Raza Rizvi, Qazi Ghulam Mustafa Qureshi and Farman Ali

Economics Letters, 2022, vol. 219, issue C

Abstract: This study investigates whether green supply chain management (GSCM) practices help companies to be resilient against the buffer effect in the context of COVID-19. Building on the instrumental version of stakeholder theory, companies implementing GSCM practices should build environmental skills and competitive advantage to cope with a crisis caused by supply chain disruptions. Our survival analysis, conducted on 5,696 firms headquartered in 35 countries, shows clear evidence that GSCM companies’ market prices recover quickly from the shock. Considering mounting pressure on environmental issues, this study documents the new benefits of GSCM for companies confronted with a global financial shock. By applying a large sample, the study has originality and implications for stakeholders, including investors, governments, and policymakers, to push firms to become more eco-friendly and resilient.

Keywords: Green supply chain management; COVID-19; Global firms; Financial markets; Organizational resilience (search for similar items in EconPapers)
JEL-codes: G01 G12 G32 M14 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:219:y:2022:i:c:s0165176522002932

DOI: 10.1016/j.econlet.2022.110802

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