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An empirical analysis: Did green supply chain management alleviate the effects of COVID‐19?
Author(s) -
Fasan Marco,
Soerger Zaro Elise,
Soerger Zaro Claudio,
Porco Barbara,
Tiscini Riccardo
Publication year - 2021
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.2772
Subject(s) - supply chain , covid-19 , supply chain management , business , crisis management , context (archaeology) , stock (firearms) , empirical evidence , financial crisis , empirical research , sample (material) , industrial organization , economics , marketing , management , macroeconomics , infectious disease (medical specialty) , medicine , mechanical engineering , paleontology , philosophy , chemistry , disease , epistemology , pathology , chromatography , engineering , biology
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.