Green Responsibility and the Black Swan: How Corporate Environmental Practices Shape Organizational

Abstract

How to foster organizational resilience has become a growing concern for companies in the rapidly changing business environment. The ongoing COVID-19 is a test of the resilience of companies. We explore the impact of Environmental Corporate Social Responsibility (ECSR) on organizational resilience and its boundary conditions in the context of COVID-19, and test our theory by empirically analyzing the sales change of firms in 26 developing economies. We find that there is an inverted U-shaped relationship between environmental practices and organizational resilience, and the dependence on overseas markets and the organization’s internal justice play a moderating role. The study makes a pioneering attempt to bridge the CSR literature and organizational resilience literature, and provides practical implications on firms can foster resilience through social-environmental practices.