Marion Dupire-Declerck

Séminaires interdisciplinaires
finance seminar

Marion Dupire-Declerck

Université de Lille
Does CSR help firms to face supply chain disruptions? Evidence from the Suez Canal ever given obstruction
Lieu

MEGA

MEGA

Maison de l'économie et de la gestion d'Aix
424 chemin du viaduc
13080 Aix-en-Provence

Date(s)
Mardi 14 juin 2022| 14:30
Contact(s)

Eric Girardin : eric.girardin[at]univ-amu.fr
Christelle Lecourt : christelle.lecourt[at]univ-amu.fr

Résumé

We investigate whether Corporate Social Responsibility (CSR) compliant procurement activities reduce firm exposure to supply chain disruptions. The Suez Canal obstruction in March 2021 by the Ever Given container ship provides the needed exogenous shock. We collect measures of intensity of firms’ CSR procurement activities in the Refinitiv ESG database for a large sample of European listed firms accounting for more than sixty percent of the Euro STOXX Total Market index capitalization. Using a differences-in-differences approach, our results indicate that CSR active firms suffer significantly less from supply chain disruptions. This result resists to several robustness checks and identifies a new channel through which CSR activities contribute to firm value creation.

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