 Climate risks and corporate supply chain configuration:Evidence from ChinaZhifang Su, Changzhe Deng, Yufang Feng, Yulu Bai and Zhikai Xu Research in International Business and Finance, 2025, vol. 76, issue C Abstract: This paper delves into the ramifications of climate risks on corporate supply chain configurations. Drawing on a dataset comprising China's A-share listed companies spanning the period from 2012 to 2022. The findings indicate that climate risks exert a notable influence in decreasing the concentration of upstream suppliers, downstream customers, and the entire supply chain, thereby fostering diversification within supply chain configurations. This promotion is primarily achieved through spurring corporate green innovation and improving ESG performance. Further research underscores that the diversification impact of climate risks on supply chain configurations is particularly accentuated in cities characterized by elevated climate change vulnerability and heightened public awareness of climate risks. This effect is also notably observed in downstream supply chains, industries with substantial capital intensity, firms facing lesser financing constraints, those with higher agency costs, and entities possessing greater levels of specialized investments. Keywords: Climate risk; Supply chain configuration; ESG; Green innovation (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:riibaf:v:76:y:2025:i:c:s0275531925001084 DOI: 10.1016/j.ribaf.2025.102852 Access Statistics for this article Research in International Business and Finance is currently edited by T. Lagoarde Segot More articles in Research in International Business and Finance from Elsevier |
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