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An empirical analysis: Did green supply chain management alleviate the effects of COVID‐19?

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  • Marco Fasan
  • Elise Soerger Zaro
  • Claudio Soerger Zaro
  • Barbara Porco
  • Riccardo Tiscini

Abstract

Supply chain management played a central role during the COVID‐19 crisis, as the outbreak of the pandemic disrupted the majority of all global supply chains. This paper tests whether companies that use green supply chain management (GSCM) practices benefited from a buffer effect in the context of COVID‐19. Our empirical analysis, conducted on a sample of U.S. companies, shows that GSCM companies experienced less negative abnormal stock returns during the crisis. This result contributes to the literature on financial impact of GSCM, finding that GSCM is perceived as an effective risk management tool and can serve as an effective drug against COVID‐19 crisis. Our paper also contributes to the business debate on the role of green supply chains in the post‐COVID19 world.

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  • Marco Fasan & Elise Soerger Zaro & Claudio Soerger Zaro & Barbara Porco & Riccardo Tiscini, 2021. "An empirical analysis: Did green supply chain management alleviate the effects of COVID‐19?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2702-2712, July.
    • Handle: RePEc:bla:bstrat:v:30:y:2021:i:5:p:2702-2712
    DOI: 10.1002/bse.2772
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    2. Azeem, Naveed & Ullah, Muhammad & Ullah, Farid, 2023. "Board gender diversity and firms' financial resilience during the Covid-19 pandemic," Finance Research Letters, Elsevier, vol. 58(PA).
    3. Emrah Koçak & Umit Bulut & Angeliki N. Menegaki, 2022. "The resilience of green firms in the twirl of COVID‐19: Evidence from S&P500 Carbon Efficiency Index with a Fourier approach," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 32-45, January.
    4. Jung-Fa Tsai & Sheng-Che Wu & Thi Khanh Linh Pham & Ming-Hua Lin, 2023. "Analysis of Key Factors for Green Supplier Selection: A Case Study of the Electronics Industry in Vietnam," Sustainability, MDPI, vol. 15(10), pages 1-16, May.
    5. Mohammad Nabipour & M. Ali Ülkü, 2021. "On Deploying Blockchain Technologies in Supply Chain Strategies and the COVID-19 Pandemic: A Systematic Literature Review and Research Outlook," Sustainability, MDPI, vol. 13(19), pages 1-32, September.
    6. 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).
    7. Changping Zhao & Juanjuan Sun & Yun Zhang, 2022. "A Study of the Drivers of Decarbonization in the Plastics Supply Chain in the Post-COVID-19 Era," Sustainability, MDPI, vol. 14(23), pages 1-20, November.
    8. Yuanyuan Hu & Shouming Chen & Fangjun Qiu & Peien Chen & Shaoxiong Chen, 2021. "Will the Volume-Based Procurement Policy Promote Pharmaceutical Firms’ R&D Investment in China? An Event Study Approach," IJERPH, MDPI, vol. 18(22), pages 1-21, November.
    9. Vaggelis Papachristos & Constantinos Antonopoulos & Nikolaos P. Rachaniotis & Dimitris Spontas & Thomas K. Dasaklis, 2023. "The Potential of ICT Adoption in Promoting Sustainable and Resilient Supply Chains: Evidence from Greek Logistics Firms," Sustainability, MDPI, vol. 15(22), pages 1-20, November.
    10. Farheen Naz & Anil Kumar & Abhijit Majumdar & Rohit Agrawal, 2022. "Is artificial intelligence an enabler of supply chain resiliency post COVID-19? An exploratory state-of-the-art review for future research," Operations Management Research, Springer, vol. 15(1), pages 378-398, June.
    11. C. A. K. Lovell, 2021. "The Pandemic, The Climate, and Productivity," CEPA Working Papers Series WP112021, School of Economics, University of Queensland, Australia.
    12. Syed Abdul Rehman Khan & Muhammad Waqas & Xue Honggang & Naveed Ahmad & Zhang Yu, 2022. "Adoption of innovative strategies to mitigate supply chain disruption: COVID-19 pandemic," Operations Management Research, Springer, vol. 15(3), pages 1115-1133, December.
    13. Nazarova, V. & Churakova, I. & Suvorova, M., 2024. "The impact of the COVID-19 pandemic on the Russian stock market," Journal of the New Economic Association, New Economic Association, vol. 63(2), pages 117-143.
    14. NAHAR Hairul Suhaimi & MOHAMAD Maslinawati, 2023. "Academic Research Responses To Covid-19: The Corporate Social Responsibility Perspective," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(1), pages 171-197, April.

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