Boosting sustainability and financial performance: the role of supply chain controversies
| Autor: | Antonia Ruiz-Moreno, Leopoldo J. Gutierrez-Gutierrez, Ignacio Tamayo-Torres |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
0209 industrial biotechnology
Strategy and Management media_common.quotation_subject Supply chain Social sustainability 0211 other engineering and technologies 02 engineering and technology Management Science and Operations Research Environment Industrial and Manufacturing Engineering Tobin’s Q Tobin's q 020901 industrial engineering & automation Stakeholders Sustainable supply chain management media_common Finance Governance 021103 operations research business.industry Corporate governance Stakeholder Sustainability Threatened species Tobin's Q business Reputation |
| Popis: | In recent years, numerous scandals concerning working conditions in Asia have threatened the reputation of large companies like Wal-Mart and Inditex. Since such scandals call attention to activities harmful to sustainable development, it is very important to study the relationships between concerns for Sustainable Supply Chain Management (SSCM), sustainability, and organizations’ market value. The added value of our study is, first, to explore SSCM controversies as drivers of or pressures for adopting and applying sustainability practices; and, second, to contribute to the recent but growing literature that analyzes the channels through which SSCM and sustainability practices influence the firm’s value. We introduce sustainability Environmental, Social and Governance (ESG) practices as a mediator between SSCM controversies and market value to examine whether SSCM controversies with firms’ stakeholders lead to improvements in the ESG dimensions of organizational sustainability. We also examine the relationships between the ESG dimensions and market value, measured as Tobin’s Q ratio. The results confirm both the positive relationships of SSCM controversies to the ESG dimensions two years later and a positive relationship of the dimension of governance to Tobin’s Q. We also confirm a negative and significant relationship between the social dimension and Tobin’s Q, and a non-significant relationship of the environmental dimension to Tobin’s Q. |
| Databáze: | OpenAIRE |
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