Impact of supply chain analytics and customer pressure for ethical conduct on socially responsible practices and performance: An exploratory study

Shafiq, Asad; Ahmed, Muhammad Usman; Mahmoodi, Farzad

doi:10.1016/j.ijpe.2019.107571

Cited by 69 publications

(51 citation statements)

References 79 publications

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“…This is in line with the theory proposed by Statman, which states that investors are looking for expressive and not only monetary benefits (Statman 2004). Both theoretical arguments are supported by the increasing pressure from different stakeholders for ethical conduct and social responsibility (Bilbao-Terol et al 2016;Gómez-Bezares et al 2016;Shafiq et al 2019;Zerbib 2019). Thus, when it comes to ESG, there is a subjective component to consider.…”

Section: Investors' Preferences For Esgmentioning

confidence: 99%

“…Based on the theory that companies have a duty to society that supersedes the maximisation of shareholders' wealth, the engagement in CSR practices or corporate citizenship to benefit other stakeholders groups represents a valuable strategy (Aguilera et al 2007;Fernández et al 2017;Mackey et al 2007;McWilliams and Siegel 2001;Scherer and Palazzo 2008). In addition, as noted by other scholars, companies are increasingly pressured both internally and externally to fulfil broader social goals and engage in social responsibility initiatives (Capelle-Blancard and Petit 2019; Orlitzky 2013; Scherer and Palazzo 2008), as well as pressed by investors towards the adoption of ESG management processes and the implementation of sustainability strategies (Crifo et al 2019;Shafiq et al 2019).…”

Section: Introductionmentioning

confidence: 99%

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Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Palma-Ruiz

Castillo‐Apraiz

Martínez

2020

IJFS

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Sustainable and responsible investing (SRI) is a strategy that seeks to combine both financial return and social good. The need to create and preserve SRI represents a key argument in investment decision-making, which leads other firms and investors to make strategic decisions beyond financial logic, based on environmental, social, and governance (ESG) factors. Within this framework, this paper aims to further clarify the understanding of potentially profitable strategies for firms during a global crisis such as a pandemic. Both primary and secondary data were gathered, and descriptive analyses were conducted. In Spain, several IBEX-35 companies announced donations amid the COVID-19 crisis. First, companies were classified into two groups based on donations made. For this, we searched for ESG online news. Then, profitability records amongst companies were identified and compared. In the trading session after the announcements, we found 12 of the 35 companies that made donations had a higher performance index of more than 2 and 3 points over the companies that did not make donations. With a weekly perspective, the difference was 91 and 60 basis points, respectively. These results suggest that in times of upheaval, investors base their strategy on ESG factors, contributing to the emerging literature on individual motives of SRI. Second, by conducting a survey and collecting data from 575 Spanish citizens, we conclude that after this crisis, people’s perceptions towards corporate social responsibility (CSR) will change, affecting consumption preferences in those companies that exhibited socially irresponsible or unsupportive behaviour. Hence, the reputation of firms, their social image, and social trust will play an important role in the near future.

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Section: Investors' Preferences For Esgmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Palma-Ruiz

Castillo‐Apraiz

Martínez

2020

IJFS

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“…For example, Longoni and Cagliano (2018) found mixed results which they attributed to the extent of environmental disclosures and the range of stakeholders the environmental information was shared with. Similarly, Shafiq et al (2019)'s empirical investigation found that disclosing SC information to customer does not affect financial performance. We believe that these inconclusive findings are attributable to an important missing intervening step—how the stakeholders perceive the disclosed information.…”

Section: Theoretical Backgroundmentioning

confidence: 96%

A resource orchestration view of supply chain traceability and transparency bundles for competitive advantage

2021

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The literature has mostly examined supply chain (SC) traceability and SC transparency separately, ignoring the mutually constitutive relationship of these two related constructs. We draw on the resource orchestration theory and the causal complexity perspective to conceptualize and validate SC traceability and SC transparency as interrelated organizational capabilities that may mutually enhance or compensate each other for competitive advantage. We constructed an original sample from two sources to empirically test this conceptualization using fuzzy set qualitative comparative analysis (fsQCA). Our empirical results reveal that the ability of firms to leverage SC traceability for a high financial performance is contingent upon creating a transparency perception of SC with a wide range of stakeholders. Our results also identified the firm size and its international presence, as having a significant bearing on the ability of firms to leverage SC traceability and SC transparency capabilities for a competitive advantage.

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“…Companies' growth prospects are associated with their commitment to sustainability [42][43][44], taking into account the need to access external funds. Because of amplified constraints to be environmentally sustainable, companies tend to make adequate adjustments in operations and supply chains.…”

Section: Sustainable Supply Chain Managementmentioning

confidence: 99%

Sustainability Management and Performance in the Urban Corporate Economy: A Systematic Literature Review

et al. 2020

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In this article, we cumulate previous research findings indicating that organizations advance to superior phases of environmental management development in order to attain corporate sustainability by the use of participative decision-making. We contribute to the literature on corporate sustainability management and performance by showing that the correlation between sustainable development governance, organizational knowledge, sustainable organizational development, and corporate sustainability, which shapes corporate environmental and sustainability management. Throughout June 2020, we conducted a quantitative literature review of ProQuest, Scopus, and the Web of Science databases, with search terms including “corporate sustainability”, “corporate sustainability management”, “corporate sustainability performance”, “sustainability reporting”, “sustainable supply chain management”, “sustainable corporate development”, and “environmental management systems”. As we inspected research published exclusively in the past two years, only 338 articles met the eligibility criteria. By eliminating the findings that were questionable, unsubstantiated by replication, or too general, and due to space limitations, we selected 93, mainly empirical, sources. Future research should investigate whether corporate governance systems, through organizational sustainability practices and performance reporting, can shape operational environmental sustainability and sustainable organizational culture.

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Impact of supply chain analytics and customer pressure for ethical conduct on socially responsible practices and performance: An exploratory study

Cited by 69 publications

References 79 publications

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain

A resource orchestration view of supply chain traceability and transparency bundles for competitive advantage

Sustainability Management and Performance in the Urban Corporate Economy: A Systematic Literature Review

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