Socially responsible corporate customers *

• 成果类型: Article
• 署名作者: Dai, Rui; Liang, Hao; Ng, Lilian
• 署名单位: University of Pennsylvania; Singapore Management University; York University - Canada
• 刊物名称: JOURNAL OF FINANCIAL ECONOMICS
• ISSN/ISSBN: 0304-405X
• DOI: 10.1016/j.jfineco.2020.01.003
• 发表日期: 2021
• 页码: 598-626
• 关键词: corporate social responsibility; Corporate customers; Global supply chains; Economic benefits

摘要

Corporate customers are an important stakeholder in global supply chains. We employ several unique international databases to test whether socially responsible corporate customers can infuse similar socially responsible business behavior in suppliers. Our findings suggest a unilateral effect on corporate social responsibility (CSR) only from customers to suppliers, an evidence further supported by exogenous variation in customers' close call CSR proposals and by product scandals. Customers exert influence on suppliers' CSR through positive assortative matching and their decision-making process. Enhanced collaborative CSR effort s help improve operational efficiency and firm valuation of both customers and suppliers but increase only the customers' future sales growth. (c) 2020 Elsevier B.V. All rights reserved.