Do green supply chain management initiatives impact stock prices of firms?

被引：114
作者：
Bose, Indranil [1 ]
Pal, Raktim [2 ]
机构：
[1] Univ Hong Kong, Sch Business, Hong Kong, Hong Kong, Peoples R China
[2] James Madison Univ, Coll Business, Harrisonburg, VA 22807 USA
来源：
DECISION SUPPORT SYSTEMS | 2012年 / 52卷 / 03期
关键词：
Event study; Green operations; Green supply chain; Stock prices; Sustainability; Recycling; Remanufacturing; INFORMATION-TECHNOLOGY; MARKET VALUE; ENVIRONMENTAL SUSTAINABILITY; PRODUCT-LIFE; PERFORMANCE; INVESTMENT; EVENT; COMPETITIVENESS; ANNOUNCEMENTS; CONSEQUENCES;
D O I：
10.1016/j.dss.2011.10.020
中图分类号：
TP18 [人工智能理论];
学科分类号：
081104 ; 0812 ; 0835 ; 1405 ;
摘要：
Although firms have been taking green supply chain management (GSCM) initiatives, it is not known whether they create value for firms. We analyze 104 announcements related to GSCM using an event study, and determine what causes statistically significant gain in stock prices for these firms. Manufacturing firms, firms with high R&D expenses, and early adopters show a strong increase in stock prices on the day of the announcement. At the same time, small firms, firms not well-known for taking green initiatives, as well as firms that are low in growth potential considerably surprise the market when they make such announcements. (C) 2011 Elsevier B.V. All rights reserved.
引用
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页码：624 / 634
页数：11
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