The impact of suppliers' CSR controversies on buyers' market value: The moderating role of social capital

IF 6.8 2区 管理学 Q1 MANAGEMENT Journal of Purchasing and Supply Management Pub Date : 2024-01-01 DOI:10.1016/j.pursup.2024.100904
Yang Yang , Yan Jiang
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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.

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供应商的企业社会责任争议对买家市场价值的影响:社会资本的调节作用
企业的企业社会责任争议不仅会影响企业本身,还会影响其供应链合作伙伴。然而,现有研究主要关注企业自身企业社会责任争议的影响,对供应链的溢出效应关注不够。本研究探讨了供应商的企业社会责任争议对买方市场价值的影响,以及买方社会资本的调节作用。利用 2008 年至 2019 年中国上市公司 462 个买方-供应商二元组的数据,我们发现供应商的企业社会责任争议与买方的市场价值显著负相关,而且环境争议比社会争议的负效应更大。买方的政治资本、商业资本和金融资本等社会资本可以缓解这种负相关。我们的研究对供应链中日益重要的企业社会责任管理领域的研究和实践都具有重要意义。
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来源期刊
CiteScore
10.30
自引率
18.00%
发文量
31
审稿时长
70 days
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.
期刊最新文献
Editorial Board From checking the box to driving impact – Perspectives on how to develop a supplier diversity program that is less narrowly scoped and more wholeheartedly adopted The circular business models of third-party loop operators: An activity-based view on performing activities internally or externally Establishing buyer-supplier self-organization through LSP brokered learning and information technologies: The effects on relational performance in logistic service triads Closing the loop: The fundamental role of Purchasing and Supply Management in reaching a circular economy
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