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Sustainable supply chain finance adoption and firm performance: Is green supply chain integration a missing link?

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  • Xiaoli Guo
  • Weili Xia
  • Taiwen Feng
  • Hongyan Sheng

Abstract

Despite the importance of sustainable supply chain finance (SSCF), how it influences firm performance is still inconclusive. On the basis of social exchange theory, we examine how SSCF adoption affects firm performance via green supply chain integration (GSCI), as well as the moderating effect of environmental leadership. Employing data from 317 Chinese manufacturers, we conduct hierarchical regression analyses to examine research hypotheses. Our findings reveal that SSCF adoption positively affects GSCI. Green customer integration partially mediates the influence of SSCF adoption on firm performance. Green supplier integration partially mediates the effect of SSCF adoption on environmental performance, but does not mediate the effect of SSCF adoption on financial performance. Furthermore, environmental leadership negatively moderates the SSCF adoption–GSCI link. This research adds knowledge to the theory and practice by unveiling the “black box” between SSCF adoption and firm performance.

Suggested Citation

  • Xiaoli Guo & Weili Xia & Taiwen Feng & Hongyan Sheng, 2022. "Sustainable supply chain finance adoption and firm performance: Is green supply chain integration a missing link?," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1135-1154, October.
    • Handle: RePEc:wly:sustdv:v:30:y:2022:i:5:p:1135-1154
    DOI: 10.1002/sd.2307
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    2. Shuochen Wei & Lifang Wang & Wenbo Jiang & Liwei Feng & Taiwen Feng, 2023. "How eco‐control systems enhance carbon performance via low‐carbon supply chain collaboration? The moderating role of organizational unlearning," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2536-2554, September.
    3. Xiaoli Guo & Weili Xia & Taiwen Feng & Jianyu Tan & Fenggang Xian, 2024. "Blockchain technology adoption and sustainable supply chain finance: The perspective of information processing theory," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3614-3632, July.
    4. Jianwei Li & Deyu Zhong, 2024. "Comparing the Impact of Green Supplier Selection and Integration on Environmental Performance: An Analysis of the Moderating Role of Government Support," Sustainability, MDPI, vol. 16(16), pages 1-20, August.

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