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Do green supply chain management practices improve organizational resilience during the COVID-19 crisis? A survival analysis of global firms

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  • Ullah, Muhammad
  • Zahid, Muhammad
  • All-e-Raza Rizvi, Syed Muhammad
  • Qureshi, Qazi Ghulam Mustafa
  • Ali, Farman

Abstract

This study investigates whether green supply chain management (GSCM) practices help companies to be resilient against the buffer effect in the context of COVID-19. Building on the instrumental version of stakeholder theory, companies implementing GSCM practices should build environmental skills and competitive advantage to cope with a crisis caused by supply chain disruptions. Our survival analysis, conducted on 5,696 firms headquartered in 35 countries, shows clear evidence that GSCM companies’ market prices recover quickly from the shock. Considering mounting pressure on environmental issues, this study documents the new benefits of GSCM for companies confronted with a global financial shock. By applying a large sample, the study has originality and implications for stakeholders, including investors, governments, and policymakers, to push firms to become more eco-friendly and resilient.

Suggested Citation

  • Ullah, Muhammad & Zahid, Muhammad & All-e-Raza Rizvi, Syed Muhammad & Qureshi, Qazi Ghulam Mustafa & Ali, Farman, 2022. "Do green supply chain management practices improve organizational resilience during the COVID-19 crisis? A survival analysis of global firms," Economics Letters, Elsevier, vol. 219(C).
    • Handle: RePEc:eee:ecolet:v:219:y:2022:i:c:s0165176522002932
    DOI: 10.1016/j.econlet.2022.110802
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    Cited by:

    1. Nanang Adie Setyawan & Hadiahti Utami & Bayu Setyo Nugroho & Mellasanti Ayuwardani & Suharmanto, 2022. "Analysis of the Driving Factors of Implementing Green Supply Chain Management in SME in the City of Semarang," Papers 2212.12891, arXiv.org.
    2. Liu, Linqing & Yang, Lisi & Yan, Kai, 2023. "The power of clans: How social capital sheltered firms during the COVID-19 pandemic," Economics Letters, Elsevier, vol. 229(C).

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    More about this item

    Keywords

    Green supply chain management; COVID-19; Global firms; Financial markets; Organizational resilience;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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