Value Co-Creation Behavior in Green Supply Chains: An Empirical Study

Xianliang Shi, Genzhu Li, Ciwei Dong and Yefei Yang
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Xianliang Shi: School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China
Genzhu Li: School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China
Ciwei Dong: School of Business Administration, Zhongnan University of Economic and Law, Wuhan 430073, China
Yefei Yang: School of Economics and Management, Beijing Jiaotong University, Beijing 100044, China

Energies, 2020, vol. 13, issue 15, 1-26

Abstract: As an important supply chain development strategy, green investment and sustainability are concerns of the government and enterprises. However, due to the high cost and low profit of green investment, a large number of small and medium-sized firms can be deterred from their implementation. Value co-creation has become a key measure to solve this problem. This article explores the relationship between the green supply chain (GSC) strategy, value co-creation, and corporate performance in the manufacturing environment, and considers the regulatory effects of internal environmental factors and external environmental pressures on this relationship. Based on data from 115 manufacturers in China, we tested the hypotheses, explained the statistical results, and identified key concerns for implementing GSC through value co-creation. The findings reveal that the GSC strategy can promote a high level of firms’ value co-creation with their supply chain partners, and different value co-creation modes have different effects on firm performance (i.e., operational performance, innovation performance, and financial performance). In addition, the findings indicate that macro-level external pressure and micro-level internal support could enhance such effects. This study enriches the literature with value co-creation modes and GSC management by integrating GSC strategies and value co-creation strategies, providing confidence to the firms and their supply chain partners in value co-creation, thus helping them to better implement a GSC strategy.

Keywords: green supply chain; value co-creation; firm performance (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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