Ivana Mateska, C. Busse, Andrew P. Kach, Stephan M. Wagner
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引用次数: 0
Abstract
In a globalized world, buying firms increasingly face criticism regarding sustainability‐related transgressions in their supply chains, yet scholarship concerning whether such negative press has any bottom‐line effects has only just begun emerging. This study develops and tests theory on the relationship between reported supplier sustainability incidents and the associated stock price impact for the buying firm. An event study comprising 1,699 events related to 374 buying firms supports our hypothesis that media coverage of environmental, social, or governance‐related transgressions in the supply chain results in decreased market capitalization for the buying firm. A subsequent regression analysis indicates that the influence potential of information intermediaries, the country‐level sustainability risk of the supplier, and the industry‐level sustainability risk of the buying firm all affect the magnitude of the investors’ reaction. Conversely, the severity of the incident does not predict the magnitude of the stock price reaction.
期刊介绍：
ournal of Supply Chain Management
Mission:
The mission of the Journal of Supply Chain Management (JSCM) is to be the premier choice among supply chain management scholars from various disciplines. It aims to attract high-quality, impactful behavioral research that focuses on theory building and employs rigorous empirical methodologies.
Article Requirements:
An article published in JSCM must make a significant contribution to supply chain management theory. This contribution can be achieved through either an inductive, theory-building process or a deductive, theory-testing approach. This contribution may manifest in various ways, such as falsification of conventional understanding, theory-building through conceptual development, inductive or qualitative research, initial empirical testing of a theory, theoretically-based meta-analysis, or constructive replication that clarifies the boundaries or range of a theory.
Theoretical Contribution:
Manuscripts should explicitly convey the theoretical contribution relative to the existing supply chain management literature, and when appropriate, to the literature outside of supply chain management (e.g., management theory, psychology, economics).
Empirical Contribution:
Manuscripts published in JSCM must also provide strong empirical contributions. While conceptual manuscripts are welcomed, they must significantly advance theory in the field of supply chain management and be firmly grounded in existing theory and relevant literature. For empirical manuscripts, authors must adequately assess validity, which is essential for empirical research, whether quantitative or qualitative.
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