The impact of digital supply chain announcements disclosing corporate social responsibility information on stock market value

Liu, Weihua; Liu, Tingting; Tang, Ou; Lee, Paul Tae Woo; Chen, Zhixuan

doi:10.1108/imds-03-2023-0189

Cited by 3 publications

(2 citation statements)

References 103 publications

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“…The main contributions of this study are as follows. First, unlike previous studies (Liu et al. , 2023a, b, c; Wei et al.…”

Section: Introductionmentioning

confidence: 80%

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Impacts of digital technology innovation for social responsibility of platform enterprises on shareholder value

Gao,

Li,

Liu

et al. 2024

IMDS

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PurposeConsidering rapid digitalization development, this study examines the impacts of digital technology innovation on social responsibility in platform enterprises.Design/methodology/approachThe study applies the event study method and cross-sectional regression analysis, taking 168 digital technology innovations for social responsibility issued by 88 listed platform enterprises from 2011 to 2022 to study the impact of digital technology innovations for social responsibility announcements of different announcement content and platform attributes on the stock market value of platform enterprises.FindingsThe results show that, first, the positive stock market reaction is produced on the same day as the digital technology innovation announcement. Second, the announcement of the platform’s public social responsibility and the announcement of co-innovation and radical innovation bring more positive stock market reactions. In addition, the announcements mentioned above issued by trading platforms bring more positive stock market reactions. Finally, the social responsibility attribution characteristics of the announcement did not have a significant differentiated impact on the stock market reaction.Originality/valueMost scholars have studied digital technology innovation for social responsibility through modeling rather than second-hand data to empirically examine. This study uses second-hand data with the instrumental stakeholder theory to provide a new research perspective on platform social responsibility. In addition, in order to explore the different impacts of digital technology innovation on social responsibility, this study has classified digital technology innovation for social responsibility according to its social responsibility and digital technology innovation characteristics.

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“…The main contributions of this study are as follows. First, unlike previous studies (Liu et al. , 2023a, b, c; Wei et al.…”

Section: Introductionmentioning

confidence: 80%

“…Existing research on innovation in socially responsible platforms has mostly examined the impact on platform firms from the respective perspectives of social responsibility (Liu et al. , 2023a, b, c; Wei et al.…”

Section: Introductionmentioning

confidence: 99%

Impacts of digital technology innovation for social responsibility of platform enterprises on shareholder value

Gao,

Li,

Liu

et al. 2024

IMDS

Self Cite

View full text Add to dashboard Cite

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The effect of corporate social responsibility hybridity on firm performance: moderating role of aspirational talk

Yuan,

Liu,

Qian

et al. 2024

IMDS

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PurposeThis study explores a novel conception of corporate social responsibility (CSR) hybridity and investigates its effect on returns following CSR announcements and the moderating role of aspirational CSR talk.Design/methodology/approachBased on an event study of 136 Chinese companies’ CSR announcements, this study empirically insights into an overall tension between the short-term firm performance (FP) loss and medium-term FP success of CSR hybridity.FindingsFirst, CSR hybridity has a negative impact on short-term FP. Second, although there is positive effect on medium-term FP, this influence is not permanent. Third, aspirational CSR talk has a moderating role on the positive relationship between CSR hybridity and FP. These results point to the unique features of hybridity that require time to diffuse the impacts.Originality/valueFirst, by adopting new concept of CSR hybridity, this study contributes to the literature by considering better solutions to integrate strategic CSR. Second, by investigating the complexity of the CSR hybridity–FP dialogue, the results provide insights into the questions of why and when organizations could be incentivized to adopt hybrid CSR approaches. Third, this study contributes to the CSR–FP and stakeholder literature by demonstrating that aspirational talk is key in CSR’s medium-term success. The implication of this is a growing pressure on companies’ CSR communications with investors through managerial talk that depicts organizational ambitions for CSR engagement.

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Digitalization and Knowledge Management in Entrepreneurial Supply Chains

Quttainah,

Jain,

Goyal

et al. 2024

Advances in Logistics, Operations, and Management Science

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The integration of digitalization and Knowledge Management (KM) is revolutionizing supply chain management by enhancing efficiency, agility, and transparency. This chapter explores the transformative impact of digital technologies—such as AI, IoT, blockchain, and advanced analytics—on supply chain operations. It examines how these technologies, when combined with robust KM practices, facilitate real-time data-driven decision-making and improve operational processes. Key trends and innovations, including the use of digital twins, augmented reality (AR), and 5G, are discussed, highlighting their potential to address existing challenges and drive future advancements. The chapter also addresses barriers such as cultural resistance, data security, and infrastructure costs. By analyzing case studies from leading organizations, it provides insights into successful integration strategies and the strategic advantages of leveraging digitalization and KM. The conclusion emphasizes the importance of staying adaptable and proactive to harness the full potential of these advancements.

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The impact of digital supply chain announcements disclosing corporate social responsibility information on stock market value

Cited by 3 publications

References 103 publications

Impacts of digital technology innovation for social responsibility of platform enterprises on shareholder value

Impacts of digital technology innovation for social responsibility of platform enterprises on shareholder value

The effect of corporate social responsibility hybridity on firm performance: moderating role of aspirational talk

Digitalization and Knowledge Management in Entrepreneurial Supply Chains

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