 B2B strategies for surviving global crises: A resource dependence perspective on the COVID−19 pandemicZhenxin Xiao, Bin Yang, Songting Dong and Maggie Chuoyan Dong Journal of Business Research, 2024, vol. 172, issue C Abstract: Global crises like the COVID−19 pandemic can have unprecedented consequences for the operations and performance of all types of companies, including business-to-business (B2B) firms. Drawing upon resource dependence theory, we postulate a negative impact of the pandemic on B2B firms’ stock returns, and we propose that a high level of machinery assets, more focused business, and a low level of customer concentration make a B2B firm better mitigate losses in such a crisis. Using a sample of 2,981 US-listed firms during the COVID−19 pandemic period, we quantitatively demonstrate the impact of the COVID−19 crisis and empirically validate our theory. These findings contribute to the literature on crisis management in B2B settings and resource dependence theory, and they have practical implications for B2B firms that are assessing their resilience to future global crises. Keywords: Crisis management; B2B firms; Resource dependence theory; Inter-organizational dependencies; Intra-organizational dependencies; COVID−19 pandemic (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:172:y:2024:i:c:s014829632300807x DOI: 10.1016/j.jbusres.2023.114448 Access Statistics for this article Journal of Business Research is currently edited by A. G. Woodside More articles in Journal of Business Research from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.