The influence of supplier financial violations on clients' environmental, social, and governance performance: Evidence from China's manufacturing industry

IF 8.3 2区管理学 Q1 BUSINESS Corporate Social Responsibility and Environmental Management Pub Date : 2024-07-23 DOI:10.1002/csr.2918

Jianhao Hu, Changran Zheng, Jiahao Xu, Xu Wu

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Abstract

The antecedents of environmental, social, and governance (ESG) performance have been extensively studied, yet the impact of supplier behavior has been overlooked. By analyzing data from China's manufacturing industry (2013–2020), we find that suppliers' financial violations enhance the overall ESG performance of client firms, with state ownership further reinforcing this relationship. By further examining the ESG dimensions, our study reveals an asynchronous pattern in firms' performance enhancements. Specifically, supplier financial violations significantly boost client firms' social and governance performance, while state ownership attenuates the positive relationship between supplier financial violations and governance performance. Ultimately, our study establishes a crucial link between the conduct of stakeholders within the supply chain and the firm ESG performance. Our findings also facilitate a more comprehensive assessment of the risks associated with supplier financial violations, aiding decision-makers in shaping and implementing ESG-related strategies for firms.

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供应商财务违规对客户环境、社会和治理绩效的影响：来自中国制造业的证据

环境、社会和治理（ESG）绩效的前因已被广泛研究，但供应商行为的影响却一直被忽视。通过分析中国制造业的数据（2013-2020 年），我们发现供应商的财务违规行为会提高客户企业的整体环境、社会和治理绩效，而国有企业则会进一步强化这种关系。通过进一步研究 ESG 维度，我们的研究揭示了企业绩效提升的异步模式。具体来说，供应商的财务违规行为极大地促进了客户企业的社会和治理绩效，而国有制则削弱了供应商的财务违规行为与治理绩效之间的正相关关系。最终，我们的研究确立了供应链中利益相关者的行为与企业环境、社会和治理绩效之间的重要联系。我们的研究结果还有助于对供应商财务违规行为的相关风险进行更全面的评估，从而帮助决策者为企业制定和实施与环境、社会和治理相关的战略。

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.

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