Low carbon supply chain firm integration and firm performance in China

The Impact of Carbon Emissions on Corporate Financial Performance: Evidence from the South African Firms

“…Concurrently, Dragomir [36] highlighted that financial information was unrelated to firm environmental performance data; numerous reports were characterised with unexplained numerical values as well as methodologies that lacked consistency. Mao and Zhang [37] explored 12 Chinese business departments (from transportation, machinery, electronic sectors) and argued that low carbon integration enhanced company environmental performance; however, it was found to hinder company financial performance. In addition, Rokhmawati et al [38] analysed the impact of carbon emissions, environmental performance (EP), and social performance (SP) on financial performance (FP) on Indonesian companies; results indicated a positive relationship between carbon emissions and Return on Assets (ROA).…”

Carbon risk management and corporate competitive advantages: “Differential promotion” or “cost hindrance”?

“…This paper makes theoretical contributions by clarifying the relationship between carbon risk management and corporate competitive advantages from the perspective of resources and capabilities, which refines the existing research on environmental performance (Mao & Zhang, ; Yadav et al, ) and expands the research perspective of low carbon management. In addition, this paper may contribute toward examining the differences in the role of administrative hierarchical distance and the influence of carbon risk management on corporate competitive advantage (Wang et al, ), which provides new evidence and a new perspective of how (and how much) the government influences corporate value.…”

“…With the increasing public awareness of environmental protection, a nature resource‐based view has been proposed that includes three strategic dimensions, namely, pollution prevention, product management, and sustainable development. This provides a more systematic theoretical support for the relationship between environmental and corporate performance (Mao & Zhang, ). Pollution prevention and product management are important ways for companies to achieve sustainable development (Grzebyk & Stec, ) by generating sustainable economic resources and capabilities (Hart, ).…”

“…Although we recognize the potential increase of the agency cost and the potential compliance cost of the company with the emergence of carbon risk that may hinder the endogenous growth potential of the company, the production process can be improved to develop the environmental adaptation of the company through carbon risk management, leading to further reduction of the cost of energy, the demand for materials and labor, and even the total cost of production (Zeng, Meng, Yin, Tam, & Sun, ), suggesting that the incorporation of carbon risk management into corporate strategies can improve enterprise resource utilization and business performance by optimizing internal production processes and departmental collaboration. Companies are constantly introducing new technologies or equipment during their pursuit of carbon risk management, which can help companies improve their innovation capabilities and promote the establishment of competitive advantages based on innovation and operations (Mao & Zhang, ). In this way, carbon risk management requires companies to make extra efforts to improve their production processes such as the purchase of environmental equipment and the training of employees; however, a company's green practices can improve efficiency and reduce production costs, giving employees a higher sense of belonging.…”

A Fuzzy‐Grey Multicriteria Decision Making Approach for Green Supplier Selection in Low‐Carbon Supply Chain

“…Zhou et al [18] studied a low-carbon supply chain channel with one manufacturer and one retailer and showed how to optimize the lowcarbon supply chain management decision and improve the supply chain performance through contract design. Mao et al [19] analyzed the relationship between internal lowcarbon integration and external low-carbon integration and firm performance by researching 12 business departments of machinery, electronics, and transportation components industries in China based on the natural resource-based view.…”