Moving Beyond the Four Walls: The Impact of Supply Chain Sustainability on Firm Value

摘要: Stakeholders are increasingly holding firms accountable for the sustainability performance of their supply chains, calling for increased levels of transparency and higher standards of social and environmental sustainability. Yet the empirical relationship between various aspects of supply chain sustainability – positive versus negative events, differences between environmental and social events, and events over time – and firm value has not been investigated comprehensively, in a single study. Similarly, the impact on firm value (measured as abnormal stock market returns) of supplier sustainability relative to that of its customer (the focal firm) has not been established. This research focuses on the relationship between supplier sustainability and focal firm value, and whether it differs from the relationship between focal firm sustainability and focal firm value. The authors use an event study methodology to investigate 3 …