Supply chain management played a central role during the COVID-19 crisis, as the outbreak of the pandemic disrupted the majority of all global supply chains. This paper tests whether companies that use green supply chain management (GSCM) practices benefited from a buffer effect in the context of COVID-19. Our empirical analysis, conducted on a sample of U.S. companies, shows that GSCM companies experienced less negative abnormal stock returns during the crisis. This result contributes to the literature on financial impact of GSCM, finding that GSCM is perceived as an effective risk management tool and can serve as an effective drug against COVID-19 crisis. Our paper also contributes to the business debate on the role of green supply chains in the post-COVID19 world.

中文翻译：

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实证分析：绿色供应链管理是否减轻了COVID-19的影响？


供应链管理在 COVID-19 危机期间发挥了核心作用，因为大流行的爆发扰乱了全球大部分供应链。本文测试了使用绿色供应链管理 (GSCM) 实践的公司是否从 COVID-19 背景下的缓冲效应中受益。我们对美国公司样本进行的实证分析表明，危机期间 GSCM 公司经历的负面异常股票回报较少。这一结果为有关 GSCM 财务影响的文献做出了贡献，发现 GSCM 被认为是一种有效的风险管理工具，并且可以作为应对 COVID-19 危机的有效药物。我们的论文还为关于绿色供应链在后新冠疫情世界中的作用的商业辩论做出了贡献。