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

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. (C) 2022 Elsevier B.V. All rights reserved.

Automated summary

This study investigates the role of green supply chain management (GSCM) practices in helping companies to withstand the buffer effect during the COVID-19 pandemic. The findings show that companies implementing GSCM practices are able to recover quickly in terms of market prices after experiencing shocks. The study emphasizes the new benefits of GSCM for companies facing global financial crises and highlights the implications for stakeholders in promoting environmental sustainability and resilience.