IDEAS home Printed from https://ideas.repec.org/a/eee/transe/v187y2024ics1366554524001844.html
   My bibliography  Save this article

Incorporating resource responsibility into production and logistics management: An empirical investigation

Author

Listed:
  • Liu, Fuzhen
  • He, Chaocheng
  • Lai, Kee-hung

Abstract

Resource responsibility is crucial not only in production operations but also in supply chain management. Nevertheless, limited academic research has delved into the significance of resource responsibility in production and logistics management for performance improvement. Drawing from the natural resource-based view (NRBV), this study examines the impact of resource responsibility and its interplay with digital transformation and political connections on financial performance. We find a positive association between resource responsibility and financial performance using propensity score matching and difference-in-differences analysis on 3,022 firm-year observations. Notably, our findings also reveal that digital transformation and political connections strengthen the positive influence of resource responsibility on financial performance. This study extends the NRBV literature by underscoring the role of digital transformation and political connections in enhancing the organization-resource relationship for economic returns. These insights offer valuable suggestions for managers to embrace resource responsibility in both production and logistics management and for policymakers to achieve sustainability goals.

Suggested Citation

  • Liu, Fuzhen & He, Chaocheng & Lai, Kee-hung, 2024. "Incorporating resource responsibility into production and logistics management: An empirical investigation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 187(C).
    • Handle: RePEc:eee:transe:v:187:y:2024:i:c:s1366554524001844
    DOI: 10.1016/j.tre.2024.103593
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1366554524001844
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tre.2024.103593?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 search for a different version of it.

    References listed on IDEAS

    as
    1. Ana Beatriz Lopes de Sousa Jabbour & C.J. Chiappetta Jabbour & T.-M. Choi & H. Latan, 2022. "`Better Together': Evidence on the Joint Adoption of Circular Economy and Industry 4.0 Technologies," Post-Print hal-04276062, HAL.
    2. Lai, Kee-hung & Feng, Yunting & Zhu, Qinghua, 2023. "Digital transformation for green supply chain innovation in manufacturing operations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 175(C).
    3. Sihai Li & Xianzhong Song & Huiying Wu, 2015. "Political Connection, Ownership Structure, and Corporate Philanthropy in China: A Strategic-Political Perspective," Journal of Business Ethics, Springer, vol. 129(2), pages 399-411, June.
    4. Sean Cleary, 1999. "The Relationship between Firm Investment and Financial Status," Journal of Finance, American Finance Association, vol. 54(2), pages 673-692, April.
    5. Yoonseock Son & Wonseok Oh & Sang Pil Han & Sungho Park, 2020. "When Loyalty Goes Mobile: Effects of Mobile Loyalty Apps on Purchase, Redemption, and Competition," Information Systems Research, INFORMS, vol. 31(3), pages 835-847, September.
    6. Thorsten Beck & Ross Levine & Alexey Levkov, 2010. "Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States," Journal of Finance, American Finance Association, vol. 65(5), pages 1637-1667, October.
    7. Wei-Feng Guo & Jian Zhou & Chih-Lang Yu & Sang-Bing Tsai & You-Zhi Xue & Quan Chen & Jiann-Jong Guo & Po-Yu Huang & Chia-Huei Wu, 2015. "Evaluating the green corporate social responsibility of manufacturing corporations from a green industry law perspective," International Journal of Production Research, Taylor & Francis Journals, vol. 53(2), pages 665-674, January.
    8. Sirish Kumar Gouda & Haritha Saranga, 2020. "Pressure or premium: what works best where? Antecedents and outcomes of sustainable manufacturing practices," International Journal of Production Research, Taylor & Francis Journals, vol. 58(23), pages 7201-7217, December.
    9. Guo Li & Na Li & Suresh P. Sethi, 2021. "Does CSR Reduce Idiosyncratic Risk? Roles of Operational Efficiency and AI Innovation," Production and Operations Management, Production and Operations Management Society, vol. 30(7), pages 2027-2045, July.
    10. Ryan W. Buell & Basak Kalkanci, 2021. "How Transparency into Internal and External Responsibility Initiatives Influences Consumer Choice," Management Science, INFORMS, vol. 67(2), pages 932-950, February.
    11. Chen, Meng & Tang, Xinlin & Liu, Hefu & Gu, Jibao, 2023. "The impact of supply chain concentration on integration and business performance," International Journal of Production Economics, Elsevier, vol. 257(C).
    12. Schweizer, Denis & Walker, Thomas & Zhang, Aoran, 2019. "Cross-border acquisitions by Chinese enterprises: The benefits and disadvantages of political connections," Journal of Corporate Finance, Elsevier, vol. 57(C), pages 63-85.
    13. Feng, Yunting & Lai, Kee-hung & Zhu, Qinghua, 2020. "Legitimacy in operations: How sustainability certification announcements by Chinese listed enterprises influence their market value?," International Journal of Production Economics, Elsevier, vol. 224(C).
    14. Farooque, Muhammad & Zhang, Abraham & Liu, Yanping & Hartley, Janet L., 2022. "Circular supply chain management: Performance outcomes and the role of eco-industrial parks in China," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 157(C).
    15. Zhu, Minghao & Yeung, Andy C.L. & Zhou, Honggeng, 2021. "Diversify or concentrate: The impact of customer concentration on corporate social responsibility," International Journal of Production Economics, Elsevier, vol. 240(C).
    16. Yunhui Zhao & Taiwen Feng & Hongbo Shi, 2018. "External involvement and green product innovation: The moderating role of environmental uncertainty," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1167-1180, December.
    17. Reuschl, Andreas J. & Deist, Maximilian K. & Maalaoui, Adnane, 2022. "Digital transformation during a pandemic: Stretching the organizational elasticity," Journal of Business Research, Elsevier, vol. 144(C), pages 1320-1332.
    18. Pengyu Chen & Yuanyuan Hao, 2022. "Digital transformation and corporate environmental performance: The moderating role of board characteristics," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1757-1767, September.
    19. Li, Xiaoying & Jin, Yue, 2021. "Do political connections improve corporate performance? Evidence from Chinese listed companies," Finance Research Letters, Elsevier, vol. 41(C).
    20. Heather Dixon-Fowler & Daniel Slater & Jonathan Johnson & Alan Ellstrand & Andrea Romi, 2013. "Beyond “Does it Pay to be Green?” A Meta-Analysis of Moderators of the CEP–CFP Relationship," Journal of Business Ethics, Springer, vol. 112(2), pages 353-366, January.
    21. Sun, Yunpeng & Gao, Pengpeng & Tian, Wenjuan & Guan, Weimin, 2023. "Green innovation for resource efficiency and sustainability: Empirical analysis and policy," Resources Policy, Elsevier, vol. 81(C).
    22. Tian, Meng & Chen, Yang & Tian, Guanghao & Huang, Wei & Hu, Chuan, 2023. "The role of digital transformation practices in the operations improvement in manufacturing firms: A practice-based view," International Journal of Production Economics, Elsevier, vol. 262(C).
    23. Goodman-Bacon, Andrew, 2021. "Difference-in-differences with variation in treatment timing," Journal of Econometrics, Elsevier, vol. 225(2), pages 254-277.
    24. Stekelorum, Rebecca & Laguir, Issam & Lai, Kee-hung & Gupta, Shivam & Kumar, Ajay, 2021. "Responsible governance mechanisms and the role of suppliers’ ambidexterity and big data predictive analytics capabilities in circular economy practices improvements," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 155(C).
    25. Zheng, Leven J. & Zhang, Justin Zuopeng & Kai Ming Au, Alan & Wang, Huan & Yang, Yifan, 2023. "Leveraging technology-driven applications to promote sustainability in the shipping industry: The impact of digitalization on corporate social responsibility," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 176(C).
    26. Naga Vamsi Krishna Jasti & Rambabu Kodali, 2015. "Lean production: literature review and trends," International Journal of Production Research, Taylor & Francis Journals, vol. 53(3), pages 867-885, February.
    27. Boqiang Lin & Qianxiang Zhang, 2023. "Corporate environmental responsibility in polluting firms: Does digital transformation matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2234-2246, September.
    28. Lopes de Sousa Jabbour, Ana Beatriz & Chiappetta Jabbour, Charbel Jose & Choi, Tsan-Ming & Latan, Hengky, 2022. "‘Better together’: Evidence on the joint adoption of circular economy and industry 4.0 technologies," International Journal of Production Economics, Elsevier, vol. 252(C).
    29. Cai, Cen & Tu, Yongqian & Li, Zhi, 2023. "Enterprise digital transformation and ESG performance," Finance Research Letters, Elsevier, vol. 58(PD).
    30. Gupta, Shivam & Chen, Haozhe & Hazen, Benjamin T. & Kaur, Sarabjot & Santibañez Gonzalez, Ernesto D.R., 2019. "Circular economy and big data analytics: A stakeholder perspective," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 466-474.
    31. Yunshi Mao & Jing Wang, 2019. "Is green manufacturing expensive? Empirical evidence from China," International Journal of Production Research, Taylor & Francis Journals, vol. 57(23), pages 7235-7247, December.
    32. Yang Yang & Jinmian Han, 2023. "Digital transformation, financing constraints, and corporate environmental, social, and governance performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 3189-3202, November.
    33. Wang, Manman & Yang, Feng & Shan, Feifei & Guo, Yu, 2024. "Blockchain adoption for combating remanufacturing perceived risks in a reverse supply chain," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 183(C).
    34. Mathiyazhagan, Kaliyan & Agarwal, Vernika & Appolloni, Andrea & Saikouk, Tarik & Gnanavelbabu, A, 2021. "Integrating lean and agile practices for achieving global sustainability goals in Indian manufacturing industries," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    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. Liu, Fuzhen & He, Chaocheng & Lai, Kee-hung, 2024. "Market reaction to responsible production practices adoption: The role of firm size and financial slack," International Journal of Production Economics, Elsevier, vol. 272(C).
    2. Saumyaranjan Sahoo & Arvind Upadhyay & Anil Kumar, 2023. "Circular economy practices and environmental performance: Analysing the role of big data analytics capability and responsible research and innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 6029-6046, December.
    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. Dai, Yanke & Du, Ting & Gao, Huasheng & Gu, Yan & Wang, Yongqin, 2024. "Patent pledgeability, trade secrecy, and corporate patenting," Journal of Corporate Finance, Elsevier, vol. 85(C).
    5. Siqian Chen & Xin Leng & Kun Luo, 2024. "Supply chain digitalization and corporate ESG performance," American Journal of Economics and Sociology, Wiley Blackwell, vol. 83(4), pages 855-881, September.
    6. Ye, Yi & Guo, Qiang & Nie, Jiajia, 2023. "Retailer information strategies with a dual-purpose manufacturer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 180(C).
    7. Noelia Garcia‐Buendia & Miguel Núñez‐Merino & José Moyano‐Fuentes & Juan Manuel Maqueira‐Marín, 2024. "Squaring circular supply chain management: A comprehensive overview of emerging themes and trends," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8190-8210, December.
    8. Zhu, Minghao & Liang, Chen & Yeung, Andy C.L. & Zhou, Honggeng, 2024. "The impact of intelligent manufacturing on labor productivity: An empirical analysis of Chinese listed manufacturing companies," International Journal of Production Economics, Elsevier, vol. 267(C).
    9. Shi, Xuanyi & Lin, Yongjia & Wang, Yizhi, 2024. "Targeting poverty alleviation and stock price crash risk," Finance Research Letters, Elsevier, vol. 69(PB).
    10. Yuan Feng & Changfei Nie, 2024. "Digital technology innovation and corporate environmental, social, and governance performance: Evidence from a sample of listed firms in China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 3836-3854, September.
    11. Tao, Zhibin & Chao, Jiaxiao, 2024. "Unlocking new opportunities in the industry 4.0 era, exploring the critical impact of digital technology on sustainable performance and the mediating role of GSCM practices," Innovation and Green Development, Elsevier, vol. 3(3).
    12. Chunhua Lu & Hong Li, 2023. "Have China’s Regional Carbon Emissions Trading Schemes Promoted Industrial Resource Allocation Efficiency? The Evidence from Heavily Polluted Industries at the Provincial Level," Sustainability, MDPI, vol. 15(3), pages 1-20, February.
    13. Chen, Lifeng & Wang, Kaifeng, 2022. "The spatial spillover effect of low-carbon city pilot scheme on green efficiency in China's cities: Evidence from a quasi-natural experiment," Energy Economics, Elsevier, vol. 110(C).
    14. Zhang, Ning & Yang, Wantong & Ke, Haiqian, 2024. "Does rural e-commerce drive up incomes for rural residents? Evidence from Taobao villages in China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 976-998.
    15. Boqiang Lin & Yongjing Xie, 2024. "Impacts of digital transformation on corporate green technology innovation: Do board characteristics play a role?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1741-1755, May.
    16. Contreras, Salvador & Ghosh, Amit & Hasan, Iftekhar, 2023. "The effect of bank failures on small business loans and income inequality," Journal of Banking & Finance, Elsevier, vol. 146(C).
    17. Yang, Xiaoran & Ran, Rong & Chen, Yejing & Zhang, Jie, 2024. "Does digital government transformation drive regional green innovation? Evidence from cities in China," Energy Policy, Elsevier, vol. 187(C).
    18. He, Weimin & Wang, Bin, 2024. "Environmental jurisdiction and energy efficiency: Evidence from China's establishment of environmental courts," Energy Economics, Elsevier, vol. 131(C).
    19. Chen, Hongwen & Cheng, Ken & Zhang, Meiyang, 2023. "Does geographic proximity affect firms’ cross-regional development? Evidence from high-speed rail construction in China," Economic Modelling, Elsevier, vol. 126(C).
    20. Xu, Yang & Huang, Wei & Zhang, Cherry Yi, 2024. "Navigating international competition with ESG: Insights from the US-China trade war," Research in International Business and Finance, Elsevier, vol. 70(PB).

    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:transe:v:187:y:2024:i:c:s1366554524001844. 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/wps/find/journaldescription.cws_home/600244/description#description .

    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.