Abstract
Today’s manufacturing-based small and medium enterprises (SME) face the need to implement green supply chains more efficiently in order to overcome environmental barriers in increasingly competitive markets and to improve financial performance. This study examines the structural relationship between environmental collaboration, green innovation capacity, and performance based on the findings of previous studies in order to identify the factors affecting the green supply chain management (GSCM) performance of Korean manufacturing-based SMEs. The study finds that environmental collaboration in the green supply chain environment is an important driver of green innovation capacity for manufacturing-based Korean SMEs. It also finds that green innovation capacity has a positive effect on financial performance through environmental performance. This study establishes a theoretical basis for the systematic study of the structural mechanisms of green supply chains and suggests strategic directions for manufacturing-based SMEs’ successful GSCM implementation.
Highlights
The attention that companies show to environmental, social, and governance (ESG)data has rapidly grown in the near past
This study finds that environmental collaboration affects financial performance through environmental innovation capacity and environmental performance
The structural relationships between environmental collaboration, innovation capacity, and green supply chain management (GSCM) performance were empirically identified through a literature review, and the subsequent analysis produced the following results
Summary
The attention that companies show to environmental, social, and governance (ESG). Data has rapidly grown in the near past. With the growth of attention by the company, the interest of shareholders in ESG grew [1]. Even the financial market has been showing investment decisions while caring for the ESG criteria [2]. Related to ethical and social responsibility, ESG broadly covers a variety of issues in the environment, social responsibility, and corporate governance. ESG started with individual investors with an interest in environmental and social issues. It was not until the Principles for Responsible
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