SPILLOVER EFFECTS OF A-SHARE CHINESE FIRMS’ SUSTAINABILITY DISCLOSURE ON SUPPLIERS
Liwei Zhu et al.
What the paper says
Against the carbon-neutrality initiatives and supply chain security concerns, this study examines the spillover effects of A-share Chinese firms’ corporate sustainability disclosures on their suppliers (2008–2022). We find that listed firms’ environmental-disclosure quality generates significant positive spillovers on suppliers’ practices. The results remain statistically significant after addressing endogeneity using propensity score matching and additional fixed effects. Mechanism tests reveal the spillovers operate through sustainable development-driven and green competition-driven. Heterogeneity analyses reveal stronger effects for non-polluting industries, non-state-owned enterprises, firms in the eastern region and lower-tier suppliers. This research offers novel perspectives on collaborative supply chain governance and enhances environmental-disclosure frameworks’ policy implications.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.