IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v291y2026ics092552732500341x.html

Responding to upstream uncertainty: How does supplier risk-taking affect client ESG performance?

Author

Listed:
  • Zhou, Jing
  • Wu, Tingwei
  • Wu, Kaiwen

Abstract

With environmental, social, and corporate governance (ESG) issues gaining global prominence, it is increasingly recognized that sustainable practices must extend beyond individual organizations to encompass their entire supply chains. This study investigates the impact of supplier risk-taking on the ESG performance of client firms, highlighting how supply chain transmission influences corporate sustainability initiatives. Using data from Chinese listed firms from 2009 to 2023, our results reveal that supplier risk-taking positively influences the ESG performance of client firms. This positive effect is found to be progressively strengthened as corporate reputation and supplier dependence increase but gradually weakened with rising investor confidence. These findings not only deepen the understanding of the supply chain's role in shaping corporate ESG performance but also highlight ESG as a proactive strategy for client firms to anticipate and mitigate risks transmitted from suppliers. This offers valuable insights for managers and policymakers seeking to enhance sustainable practices through effective supply chain risk management.

Suggested Citation

  • Zhou, Jing & Wu, Tingwei & Wu, Kaiwen, 2026. "Responding to upstream uncertainty: How does supplier risk-taking affect client ESG performance?," International Journal of Production Economics, Elsevier, vol. 291(C).
    • Handle: RePEc:eee:proeco:v:291:y:2026:i:c:s092552732500341x
    DOI: 10.1016/j.ijpe.2025.109856
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S092552732500341X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ijpe.2025.109856?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Chai, Junyi & Ngai, Eric W.T., 2015. "Multi-perspective strategic supplier selection in uncertain environments," International Journal of Production Economics, Elsevier, vol. 166(C), pages 215-225.
    2. Díez-Esteban, José María & García-Gómez, Conrado Diego & López-Iturriaga, Félix Javier & Santamaría-Mariscal, Marcos, 2017. "Corporate risk-taking, returns and the nature of major shareholders: Evidence from prospect theory," Research in International Business and Finance, Elsevier, vol. 42(C), pages 900-911.
    3. Jianhao Hu & Changran Zheng & Jiahao Xu & Xu Wu, 2024. "The influence of supplier financial violations on clients' environmental, social, and governance performance: Evidence from China's manufacturing industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 6217-6233, November.
    4. Zongwu Cai & Ying Fang & Ming Lin & Jia Su, 2019. "Inferences for a Partially Varying Coefficient Model With Endogenous Regressors," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 37(1), pages 158-170, January.
    5. Zhang, Chonghui & Chai, Binfeng & Mirza, Sultan Sikandar & Jin, Ying, 2024. "Customer-driven value creation in the digital economy: Determining the role of customer firms’ digital transformation on supplier performance in China," Omega, Elsevier, vol. 128(C).
    6. David L. Hummels & Georg Schaur, 2013. "Time as a Trade Barrier," American Economic Review, American Economic Association, vol. 103(7), pages 2935-2959, December.
    7. He, Yu & Zhao, Xiaoling & Zheng, Huan, 2023. "How does the environmental protection tax law affect firm ESG? Evidence from the Chinese stock markets," Energy Economics, Elsevier, vol. 127(PA).
    8. Basak Kalkanci & Erica L. Plambeck, 2020. "Managing Supplier Social and Environmental Impacts with Voluntary Versus Mandatory Disclosure to Investors," Management Science, INFORMS, vol. 66(8), pages 3311-3328, August.
    9. Schrettle, Stefan & Hinz, Andreas & Scherrer -Rathje, Maike & Friedli, Thomas, 2014. "Turning sustainability into action: Explaining firms' sustainability efforts and their impact on firm performance," International Journal of Production Economics, Elsevier, vol. 147(PA), pages 73-84.
    10. Dashan Huang & Fuwei Jiang & Jun Tu & Guofu Zhou, 2015. "Investor Sentiment Aligned: A Powerful Predictor of Stock Returns," The Review of Financial Studies, Society for Financial Studies, vol. 28(3), pages 791-837.
    11. Aktas, Nihat & Croci, Ettore & Petmezas, Dimitris, 2015. "Is working capital management value-enhancing? Evidence from firm performance and investments," Journal of Corporate Finance, Elsevier, vol. 30(C), pages 98-113.
    12. Jie Yang & Jiafu Su & Lijun Song, 2019. "Selection of Manufacturing Enterprise Innovation Design Project Based on Consumer’s Green Preferences," Sustainability, MDPI, vol. 11(5), pages 1-16, March.
    13. Wang, Li & Ye, Yuxiao & Huo, Baofeng, 2025. "Spillover of bad publicity: Effect of negative ESG coverage in supply chains on firm performance," International Journal of Production Economics, Elsevier, vol. 285(C).
    14. Wang, Liukai & Li, Min & Wang, Weiqing & Gong, Yu & Xiong, Yu, 2023. "Green innovation output in the supply chain network with environmental information disclosure: An empirical analysis of Chinese listed firms," International Journal of Production Economics, Elsevier, vol. 256(C).
    15. Mostafa Monzur Hasan & Ahsan Habib & Ruoyun Zhao, 2022. "Corporate reputation risk and cash holdings," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 667-707, March.
    16. Brian Tomlin, 2006. "On the Value of Mitigation and Contingency Strategies for Managing Supply Chain Disruption Risks," Management Science, INFORMS, vol. 52(5), pages 639-657, May.
    17. Abrahim Soleimani & William D. Schneper & William Newburry, 2014. "The Impact of Stakeholder Power on Corporate Reputation: A Cross-Country Corporate Governance Perspective," Organization Science, INFORMS, vol. 25(4), pages 991-1008, August.
    18. Kamalahmadi, Masoud & Parast, Mahour Mellat, 2017. "An assessment of supply chain disruption mitigation strategies," International Journal of Production Economics, Elsevier, vol. 184(C), pages 210-230.
    19. Barakat, Ahmed & Chernobai, Anna & Wahrenburg, Mark, 2014. "Information asymmetry around operational risk announcements," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 152-179.
    20. Valentina Lagasio & Nicola Cucari, 2019. "Corporate governance and environmental social governance disclosure: A meta‐analytical review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(4), pages 701-711, July.
    21. Dongmei Li, 2011. "Financial Constraints, R&D Investment, and Stock Returns," The Review of Financial Studies, Society for Financial Studies, vol. 24(9), pages 2974-3007.
    22. Brusset, Xavier & Teller, Christoph, 2017. "Supply chain capabilities, risks, and resilience," International Journal of Production Economics, Elsevier, vol. 184(C), pages 59-68.
    23. Jieqiong Yu & Carlos Wing‐Hung Lo & Pansy Hon Ying Li, 2017. "Organizational Visibility, Stakeholder Environmental Pressure and Corporate Environmental Responsiveness in China," Business Strategy and the Environment, Wiley Blackwell, vol. 26(3), pages 371-384, March.
    24. Anna M. Costello, 2020. "Credit Market Disruptions and Liquidity Spillover Effects in the Supply Chain," Journal of Political Economy, University of Chicago Press, vol. 128(9), pages 3434-3468.
    25. Jin, Huanhuan & Jiang, Nanyue & Su, Weihua & Dalia, Streimikiene, 2025. "How does customer enterprise digitalization improve the green total factor productivity of state-owned suppliers: From the supply chain perspective," Omega, Elsevier, vol. 133(C).
    26. Andrew Osei Agyemang & Abednego Osei & Maxwell Kongkuah, 2025. "Exploring the ESG‐Circular Economy Nexus in Emerging Markets: A Systems Perspective on Governance, Innovation, and Sustainable Business Models," Business Strategy and the Environment, Wiley Blackwell, vol. 34(5), pages 5901-5924, July.
    27. Francesco Gangi & Lucia Michela Daniele & Nicola Varrone, 2020. "How do corporate environmental policy and corporate reputation affect risk‐adjusted financial performance?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 1975-1991, July.
    28. Cheng Li & Alvaro Cuervo-Cazurra, 2024. "How subsidiary and supplier misbehavior lead to corporate social responsibility performance improvements in multinationals," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(4), pages 470-491, June.
    29. Wu, Zihao & Lin, Siliang & Chen, Tianhao & Luo, Chunyang & Xu, Hui, 2023. "Does effective corporate governance mitigate the negative effect of ESG controversies on firm value?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1772-1793.
    30. García-Granero, Ana & Llopis, Óscar & Fernández-Mesa, Anabel & Alegre, Joaquín, 2015. "Unraveling the link between managerial risk-taking and innovation: The mediating role of a risk-taking climate," Journal of Business Research, Elsevier, vol. 68(5), pages 1094-1104.
    31. Kai Wai Hui & Chuchu Liang & P. Eric Yeung, 2019. "The effect of major customer concentration on firm profitability: competitive or collaborative?," Review of Accounting Studies, Springer, vol. 24(1), pages 189-229, March.
    32. Ravi Bansal & Ivan Shaliastovich, 2010. "Confidence Risk and Asset Prices," American Economic Review, American Economic Association, vol. 100(2), pages 537-541, May.
    33. Ma, Sichao & Shen, Ji & Wang, Fanzhi & Wu, Wanting, 2022. "A tale of two Us: Corporate leverage and financial asset allocation in China," International Review of Financial Analysis, Elsevier, vol. 83(C).
    34. Cai, Zongwu & Fan, Jianqing & Yao, Qiwei, 2000. "Functional-coefficient regression models for nonlinear time series," LSE Research Online Documents on Economics 6314, London School of Economics and Political Science, LSE Library.
    35. Michael Firth & Kailong (Philip) Wang & Sonia ML Wong, 2015. "Corporate Transparency and the Impact of Investor Sentiment on Stock Prices," Management Science, INFORMS, vol. 61(7), pages 1630-1647, July.
    36. Chen, Zhongfei & Xie, Guanxia, 2022. "ESG disclosure and financial performance: Moderating role of ESG investors," International Review of Financial Analysis, Elsevier, vol. 83(C).
    37. Feng, Guohua & Gao, Jiti & Peng, Bin & Zhang, Xiaohui, 2017. "A varying-coefficient panel data model with fixed effects: Theory and an application to US commercial banks," Journal of Econometrics, Elsevier, vol. 196(1), pages 68-82.
    38. Albert Y. Ha & Weixin Shang & Yunjie Wang, 2023. "Supplier Audit Information Sharing and Responsible Sourcing," Management Science, INFORMS, vol. 69(1), pages 308-324, January.
    39. Hertzel, Michael G. & Li, Zhi & Officer, Micah S. & Rodgers, Kimberly J., 2008. "Inter-firm linkages and the wealth effects of financial distress along the supply chain," Journal of Financial Economics, Elsevier, vol. 87(2), pages 374-387, February.
    40. Ho, William & Xu, Xiaowei & Dey, Prasanta K., 2010. "Multi-criteria decision making approaches for supplier evaluation and selection: A literature review," European Journal of Operational Research, Elsevier, vol. 202(1), pages 16-24, April.
    41. Gao, Renfei & Zhang, Cyndi Man & He, Xiaogang & Li, Zhengyu, 2025. "Attention to market expansion: Aspirational antecedent and risk-taking consequence," Journal of Business Research, Elsevier, vol. 192(C).
    42. Karpoff, Jonathan M. & Lee, D. Scott & Martin, Gerald S., 2008. "The Cost to Firms of Cooking the Books," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 43(3), pages 581-611, September.
    43. Basak Kalkanci & Erica L. Plambeck, 2020. "Reveal the Supplier List? A Trade-off in Capacity vs. Responsibility," Manufacturing & Service Operations Management, INFORMS, vol. 22(6), pages 1251-1267, November.
    44. Nielsen, Bo Bernhard & Nielsen, Sabina, 2011. "The role of top management team international orientation in international strategic decision-making: The choice of foreign entry mode," Journal of World Business, Elsevier, vol. 46(2), pages 185-193, April.
    45. Dhaliwal, Dan & Judd, J. Scott & Serfling, Matthew & Shaikh, Sarah, 2016. "Customer concentration risk and the cost of equity capital," Journal of Accounting and Economics, Elsevier, vol. 61(1), pages 23-48.
    46. Karl V. Lins & Henri Servaes & Ane Tamayo, 2017. "Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis," Journal of Finance, American Finance Association, vol. 72(4), pages 1785-1824, August.
    47. Rhodes-Kropf, Matthew & Robinson, David T. & Viswanathan, S., 2005. "Valuation waves and merger activity: The empirical evidence," Journal of Financial Economics, Elsevier, vol. 77(3), pages 561-603, September.
    48. Kreiss, Jens-Peter & Neumann, Michael H. & Yao, Qiwei, 2008. "Bootstrap tests for simple structures in nonparametric time series regression," LSE Research Online Documents on Economics 24135, London School of Economics and Political Science, LSE Library.
    49. Abakah, Emmanuel Joel Aikins & Tiwari, Aviral Kumar & Abdullah, Mohammad & Ji, Qiang & Sulong, Zunaidah, 2024. "Monetary policy uncertainty and ESG performance across energy firms," Energy Economics, Elsevier, vol. 136(C).
    50. Lee, Boram & Rosenthal, Leonard & Veld, Chris & Veld-Merkoulova, Yulia, 2015. "Stock market expectations and risk aversion of individual investors," International Review of Financial Analysis, Elsevier, vol. 40(C), pages 122-131.
    51. Ahsan Habib & Mostafa Monzur Hasan, 2017. "Firm life cycle, corporate risk-taking and investor sentiment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(2), pages 465-497, June.
    52. Wu, Zhanchi & Fan, Xiangjun & Zhu, Bangzhu & Xia, Jiahui & Zhang, Lin & Wang, Ping, 2022. "Do government subsidies improve innovation investment for new energy firms: A quasi-natural experiment of China's listed companies," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    53. Cai, Zongwu, 2007. "Trending time-varying coefficient time series models with serially correlated errors," Journal of Econometrics, Elsevier, vol. 136(1), pages 163-188, January.
    54. Cui, Xiaona & Mohd Said, Ridzwana & Abdul Rahim, Norhuda & Ni, Mengjiao, 2024. "Can green finance Lead to green investment? Evidence from heavily polluting industries," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    55. Tian, Guangning & Li, Bo & Cheng, Yue, 2022. "Does digital transformation matter for corporate risk-taking?," Finance Research Letters, Elsevier, vol. 49(C).
    56. Sun, Zeyu & Yang, Ge & Bai, Haichen, 2023. "The spillover effect of customers' financial risk on suppliers' conservative reporting: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 87(C).
    57. Chen, Huimin (Amy) & Karim, Khondkar & Tao, Anqi, 2021. "The effect of suppliers' corporate social responsibility concerns on customers' stock price crash risk," Advances in accounting, Elsevier, vol. 52(C).
    58. Randy Priem & Andrea Gabellone, 2024. "The impact of a firm’s ESG score on its cost of capital: can a high ESG score serve as a substitute for a weaker legal environment," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 15(3), pages 676-703, January.
    59. Pei‐Gi Shu & Sue‐Jane Chiang & Tian‐Yu Wu, 2024. "Board network and ESG performance: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 5709-5729, November.
    60. Le Sun & Tze San Ong & Boon Heng Teh & Assunta Di Vaio, 2024. "Sustainable performance measurement through digital transformation within the sustainable development framework: The mediating effect of supply chain concentration," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 5895-5912, December.
    61. Hanwen Chen & Siyi Liu & Di Zhang & Lei Zhang, 2025. "Corporate ESG Washing and ESG Rating Divergence: Evidence From China," Business Strategy and the Environment, Wiley Blackwell, vol. 34(7), pages 8390-8428, November.
    62. Karpoff, Jonathan M & Lott, John R, Jr & Wehrly, Eric W, 2005. "The Reputational Penalties for Environmental Violations: Empirical Evidence," Journal of Law and Economics, University of Chicago Press, vol. 48(2), pages 653-675, October.
    63. Ding, Liuqi & Cui, Zixuan & Li, Jiali, 2024. "Risk management and corporate ESG performance: The mediating effect of financial performance," Finance Research Letters, Elsevier, vol. 69(PB).
    64. Zhou, Bing & Li, Yu-meng & Sun, Fang-cheng & Zhou, Zhong-guo, 2021. "Executive compensation incentives, risk level and corporate innovation," Emerging Markets Review, Elsevier, vol. 47(C).
    65. Shahid, Muhammad Sadiq & Abbas, Muhammad, 2019. "Does corporate governance play any role in investor confidence, corporate investment decisions relationship? Evidence from Pakistan and India," Journal of Economics and Business, Elsevier, vol. 105(C).
    66. Cain, Matthew D. & McKeon, Stephen B., 2016. "CEO Personal Risk-Taking and Corporate Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 51(1), pages 139-164, February.
    67. K. Katsaliaki & P. Galetsi & S. Kumar, 2022. "Supply chain disruptions and resilience: a major review and future research agenda," Annals of Operations Research, Springer, vol. 319(1), pages 965-1002, December.
    68. Kerui Du & Yonghui Zhang & Qiankun Zhou, 2020. "Fitting partially linear functional-coefficient panel-data models with Stata," Stata Journal, StataCorp LLC, vol. 20(4), pages 976-998, December.
    69. Kevin B. Hendricks & Vinod R. Singhal, 2005. "Association Between Supply Chain Glitches and Operating Performance," Management Science, INFORMS, vol. 51(5), pages 695-711, May.
    70. Ronald W. Masulis & Syed Walid Reza, 2015. "Agency Problems of Corporate Philanthropy," The Review of Financial Studies, Society for Financial Studies, vol. 28(2), pages 592-636.
    71. Sreedevi, R. & Saranga, Haritha, 2017. "Uncertainty and supply chain risk: The moderating role of supply chain flexibility in risk mitigation," International Journal of Production Economics, Elsevier, vol. 193(C), pages 332-342.
    72. Francois Libois & Vincenzo Verardi, 2013. "Semiparametric fixed-effects estimator," Stata Journal, StataCorp LLC, vol. 13(2), pages 329-336, June.
    73. Greg Distelhorst & Jens Hainmueller & Richard M. Locke, 2017. "Does Lean Improve Labor Standards? Management and Social Performance in the Nike Supply Chain," Management Science, INFORMS, vol. 63(3), pages 707-728, March.
    74. Alexander Dyck & Adair Morse & Luigi Zingales, 2010. "Who Blows the Whistle on Corporate Fraud?," Journal of Finance, American Finance Association, vol. 65(6), pages 2213-2253, December.
    75. Theodor F Cojoianu & Francisco Ascui & Gordon L Clark & Andreas G F Hoepner & Dariusz Wójcik, 2021. "Does the fossil fuel divestment movement impact new oil and gas fundraising?," Journal of Economic Geography, Oxford University Press, vol. 21(1), pages 141-164.
    76. Vural-Yavaş, Çiğdem, 2020. "Corporate risk-taking in developed countries: The influence of economic policy uncertainty and macroeconomic conditions," Journal of Multinational Financial Management, Elsevier, vol. 54(C).
    77. Shu, Hao & Tan, Weiqiang, 2023. "Does carbon control policy risk affect corporate ESG performance?," Economic Modelling, Elsevier, vol. 120(C).
    78. Rui Albuquerque & Yrjö Koskinen & Chendi Zhang, 2019. "Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence," Management Science, INFORMS, vol. 65(10), pages 4451-4469, October.
    79. Dmitry Ivanov & Alexandre Dolgui, 2020. "Viability of intertwined supply networks: extending the supply chain resilience angles towards survivability. A position paper motivated by COVID-19 outbreak," International Journal of Production Research, Taylor & Francis Journals, vol. 58(10), pages 2904-2915, May.
    80. Wang, Shaofeng & Zhang, Hao, 2025. "Generative artificial intelligence and internationalization green innovation: Roles of supply chain innovations and AI regulation for SMEs," Technology in Society, Elsevier, vol. 82(C).
    81. Woon Sau Leung & Jiong Sun, 2021. "Policy Uncertainty and Customer Concentration," Production and Operations Management, Production and Operations Management Society, vol. 30(5), pages 1517-1542, May.
    82. Bargeron, Leonce L. & Lehn, Kenneth M. & Zutter, Chad J., 2010. "Sarbanes-Oxley and corporate risk-taking," Journal of Accounting and Economics, Elsevier, vol. 49(1-2), pages 34-52, February.
    83. Li, Kai & Griffin, Dale & Yue, Heng & Zhao, Longkai, 2013. "How does culture influence corporate risk-taking?," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 1-22.
    84. Geng, Yong & Xiang, Xiaojian & Zhang, Guosheng & Li, Xue, 2024. "Digital transformation along the supply chain: Spillover effects from vertical partnerships," Journal of Business Research, Elsevier, vol. 183(C).
    85. Ivanov, Dmitry, 2020. "Predicting the impacts of epidemic outbreaks on global supply chains: A simulation-based analysis on the coronavirus outbreak (COVID-19/SARS-CoV-2) case," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 136(C).
    86. Maciel M. Queiroz & Dmitry Ivanov & Alexandre Dolgui & Samuel Fosso Wamba, 2022. "Impacts of epidemic outbreaks on supply chains: mapping a research agenda amid the COVID-19 pandemic through a structured literature review," Annals of Operations Research, Springer, vol. 319(1), pages 1159-1196, December.
    87. Wang, Liang & Qi, Jiahan & Zhuang, Hongyu, 2023. "Monitoring or Collusion? Multiple Large Shareholders and Corporate ESG Performance: Evidence from China," Finance Research Letters, Elsevier, vol. 53(C).
    88. Lin Wu & Miao Wang & Ajay Kumar & Tsan-Ming Choi, 2024. "Mitigating the bullwhip effect through supply chain ESG transparency: roles of digitalization and signal strength," Post-Print hal-05531902, HAL.
    89. Chen, Yiran & Cao, Shaopeng, 2025. "How customer digital orientation drives supplier green and low-carbon efforts: The roles of supplier dependence and common ownership," International Journal of Production Economics, Elsevier, vol. 287(C).
    90. Tamas Barko & Martijn Cremers & Luc Renneboog, 2022. "Shareholder Engagement on Environmental, Social, and Governance Performance," Journal of Business Ethics, Springer, vol. 180(2), pages 777-812, October.
    91. Ivanov, Dmitry, 2024. "Supply chain resilience: Conceptual and formal models drawing from immune system analogy," Omega, Elsevier, vol. 127(C).
    92. Roger Newson, 2001. "B-splines and splines parameterized by their values at reference points on the x-axis," Stata Technical Bulletin, StataCorp LLC, vol. 10(57).
    93. Wang, Haijun & Jiao, Shuaipeng & Ma, Chao, 2024. "The impact of ESG responsibility performance on corporate resilience," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1115-1129.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cao, Yue & Dong, Yizhe & Ma, Diandian & Sun, Li, 2021. "Customer concentration and corporate risk-taking," Journal of Financial Stability, Elsevier, vol. 54(C).
    2. Aldrighetti, Riccardo & Battini, Daria & Ivanov, Dmitry & Zennaro, Ilenia, 2021. "Costs of resilience and disruptions in supply chain network design models: A review and future research directions," International Journal of Production Economics, Elsevier, vol. 235(C).
    3. Li, Na & Li, Guo & Xue, Jing, 2025. "Does ESG protect firms equally during crises? The role of supply chain concentration," Omega, Elsevier, vol. 130(C).
    4. Lin, Yongjia & Fan, Di & Shi, Xuanyi & Fu, Maggie, 2021. "The effects of supply chain diversification during the COVID-19 crisis: Evidence from Chinese manufacturers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 155(C).
    5. He, Feng & Ding, Cong & Yue, Wei & Liu, Guanchun, 2023. "ESG performance and corporate risk-taking: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 87(C).
    6. Li, Qiaochu & Liu, Yuehan & Yang, Qinghe & Jian, Jianhui & Li, Tao, 2025. "Economic policy uncertainty and ESG performance," Journal of Asian Economics, Elsevier, vol. 101(C).
    7. Zhang, Shushan & Gu, Cheng & Zhang, Peiwen, 2025. "Alleviating dependence: High-speed rail opening and firms' supply chain dependence," Transport Policy, Elsevier, vol. 167(C), pages 116-129.
    8. Hao, Ying & Hu, Dan & Huang, Lixin & Yin, Ziqi, 2025. "The impact of supply chain international embedment on ESG performance: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    9. Chi, Maomao & Li, Wenjing & Li, Yuanxiang John & Zhou, Min & Huang, Rui, 2025. "Unraveling the paradoxical effects of digital transformation on organizational Resilience: The role of customer and supplier concentrations," Journal of Business Research, Elsevier, vol. 191(C).
    10. Qian, Zishun & Yan, Tingting & Li, Jianbin & Zhang, Yicheng, 2026. "Unleashing resilience through digitalization: Do upstream and downstream firms differ?," Omega, Elsevier, vol. 138(C).
    11. Papanagnou, Christos & Seiler, Andreas & Spanaki, Konstantina & Papadopoulos, Thanos & Bourlakis, Michael, 2022. "Data-driven digital transformation for emergency situations: The case of the UK retail sector," International Journal of Production Economics, Elsevier, vol. 250(C).
    12. Jiancheng Shen & Chen Chen & Zheng Liu, 2023. "Does environmental investment pay off?—portfolio analyses of the E in ESG during political conflicts and public health crises," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(S1), pages 107-131, December.
    13. Maureen S. Golan & Laura H. Jernegan & Igor Linkov, 2020. "Trends and applications of resilience analytics in supply chain modeling: systematic literature review in the context of the COVID-19 pandemic," Environment Systems and Decisions, Springer, vol. 40(2), pages 222-243, June.
    14. Ormazabal, Gaizka, 2018. "The Role of Stakeholders in Corporate Governance: A View from Accounting Research," CEPR Discussion Papers 12775, C.E.P.R. Discussion Papers.
    15. Jun, Xiao & Ai, Junwei & Zheng, Lingfeng & Lu, Meiting & Wang, Jianye, 2024. "Impact of information technology and industrial development on corporate ESG practices: Evidence from a pilot program in China," Economic Modelling, Elsevier, vol. 139(C).
    16. Banerjee, Rajabrata & Gupta, Kartick & Krishnamurti, Chandrasekhar, 2022. "Does corrupt practice increase the implied cost of equity?," Journal of Corporate Finance, Elsevier, vol. 73(C).
    17. Vo, Hong & Nguyen, Hien T. & Phan, Hieu V., 2024. "Corporate social responsibility and the choice of payment method in mergers and acquisitions," International Review of Financial Analysis, Elsevier, vol. 94(C).
    18. Po‐Hsuan Hsu & Kai Li & Chi‐Yang Tsou, 2023. "The Pollution Premium," Journal of Finance, American Finance Association, vol. 78(3), pages 1343-1392, June.
    19. Çiğdem Vural‐Yavaş, 2021. "Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 82-102, January.
    20. ur Rehman, Attique & Shakeel Sadiq Jajja, Muhammad & Farooq, Sami, 2022. "Manufacturing planning and control driven supply chain risk management: A dynamic capability perspective," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 167(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:291:y:2026:i:c:s092552732500341x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.