Socially responsible corporate customers

Socially responsible corporate customers

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 corp...

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Bibliographic Details
Main Authors: DAI, Rui, LIANG, Hao, NG, Lilian
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Corporate social responsibility
Corporate customers
Global supply chains
Economic benefits
Corporate Finance
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6640
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7639/viewcontent/Socially_Responsible_Corporate_Customers_av.pdf
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Institution: Singapore Management University
Language: English
Description
Summary: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 efforts help improve operational efficiency and firm valuation of both customers and suppliers but increase only the customers’ future sales growth.

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