Can Firms’ Anti-Slavery and Human Rights Commitments in Supply Chains Enhance Financial Performance?
サプライチェーンにおける反奴隷・人権への取り組みは財務パフォーマンスを向上させるか (AI 翻訳)
O. Tosun, M. Lotfi, Reza Zanjirani Farahani
🤖 gxceed AI 要約
日本語
米国上場企業354社の2002～2020年のパネルデータを用い、サプライチェーンにおける反奴隷・人権コミットメントが財務業績に与える影響を分析。強いコミットメントは年間株主リターンを5.8%向上させ、特にサービス業で効果が顕著。地理的範囲は正に、キャパシティスラックは負に調整する。
English
Using panel data from 354 US-listed firms (2002-2020), this study investigates how anti-slavery and human rights commitments affect financial performance. Stronger commitments are associated with a 5.8% increase in annual stock returns, especially in the service sector. Geographical scope positively moderates this relationship, while capacity slack has a negative effect.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でもサプライチェーンにおける人権デューデリジェンスが注目されており、本研究成果は企業の取り組みの経済的便益を示すエビデンスとして参考になる。
In the global GX context
This study provides evidence linking social sustainability in supply chains to financial performance, extending the ESG literature and offering implications for global investors and policymakers focusing on human rights due diligence.
👥 読者別の含意
🔬研究者:Contributes to the social resource-based view by showing that anti-slavery commitments enhance financial performance through operational capabilities.
🏢実務担当者:Corporate sustainability teams can use these findings to justify investments in human rights programs in supply chains.
🏛政策担当者:Regulators considering mandatory human rights due diligence can reference the positive financial returns as a complementary incentive.
📄 Abstract（原文）
Modern slavery remains a significant societal challenge within operations and supply chain management (OSCM). Prior research has largely concentrated on compliance, disclosure, and institutional pressures, often revealing that corporate responses are symbolic and fragmented. To address this gap, the purpose of this study is to investigate how anti-slavery and human rights commitments influence financial performance, and to examine how OSCM capabilities—particularly capacity slack and geographical scope—moderate this relationship. Using longitudinal data from 3633 firm-year observations across 354 publicly listed U.S. firms (2002–2020), sourced from Refinitiv, CRSP, Compustat–Global, and BoardEx, we analyze the impact of anti-slavery and human rights commitments on financial performance. Grounded in the social resource-based view, the study finds that stronger commitments are associated with a 5.8% increase in annual stock returns, particularly in the service sector. Furthermore, geographical scope positively moderates this relationship, while capacity slack has a negative effect. These findings remain robust through 1) analyses with dynamic panel system generalized method of moments (GMMs) and instrumental variable models to address further endogeneity issues; 2) stress tests on firm size and stickiness of commitments on future stock returns; 3) sensitivity analysis for moderations; 4) alternative performance measures; and 5) controlling for workforce engagement and corporate governance.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1109/tem.2026.3672545first seen 2026-05-05 22:06:46
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