{"title":"The impact of suppliers' CSR controversies on buyers' market value: The moderating role of social capital","authors":"Yang Yang , Yan Jiang","doi":"10.1016/j.pursup.2024.100904","DOIUrl":null,"url":null,"abstract":"<div><p>A firm's CSR controversies can affect not only the firm itself but also its supply chain partners. However, existing studies have predominantly focused on the influence of a firm's own CSR controversies; the spillover effect along supply chains has received insufficient attention. This study examines the impact of suppliers' CSR controversies on buyers' market value, as well as the moderating role of buyers' social capital. Using data from 462 buyer-supplier dyads of Chinese listed firms from 2008 to 2019, we find that suppliers' CSR controversies are significantly negatively related to buyers' market value, and that environmental controversies have a stronger negative effect than social controversies. This negative association can be alleviated by buyers' social capital in the forms of political, business, and financial capital. Our study has significant implications for both research and practice in the increasingly important domain of CSR management in supply chains.</p></div>","PeriodicalId":47950,"journal":{"name":"Journal of Purchasing and Supply Management","volume":"30 1","pages":"Article 100904"},"PeriodicalIF":6.8000,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1478409224000104/pdfft?md5=bd9fe946226a1b2c24b981cf9b905c4a&pid=1-s2.0-S1478409224000104-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Purchasing and Supply Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1478409224000104","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 0
Abstract
A firm's CSR controversies can affect not only the firm itself but also its supply chain partners. However, existing studies have predominantly focused on the influence of a firm's own CSR controversies; the spillover effect along supply chains has received insufficient attention. This study examines the impact of suppliers' CSR controversies on buyers' market value, as well as the moderating role of buyers' social capital. Using data from 462 buyer-supplier dyads of Chinese listed firms from 2008 to 2019, we find that suppliers' CSR controversies are significantly negatively related to buyers' market value, and that environmental controversies have a stronger negative effect than social controversies. This negative association can be alleviated by buyers' social capital in the forms of political, business, and financial capital. Our study has significant implications for both research and practice in the increasingly important domain of CSR management in supply chains.
期刊介绍:
The mission of the Journal of Purchasing & Supply Management is to publish original, high-quality research within the field of purchasing and supply management (PSM). Articles should have a significant impact on PSM theory and practice. The Journal ensures that high quality research is collected and disseminated widely to both academics and practitioners, and provides a forum for debate. It covers all subjects relating to the purchase and supply of goods and services in industry, commerce, local, national, and regional government, health and transportation.