7. Conclusions and future work
7.1 Conclusions and managerial implications
This paper aims to study a variety of environmental and corporate social responsibility practices and the impact on firms’ performance from all dimensions.
Based on RBV and TCT, SSCM practices should contribute to firm performance. Through the survey, we analyze the data from 172 Chinese firms, SSCM practices include the four dimensions: internal environmental management practices and social responsibility management practices, external Supplier monitor and assessment and suppliers collaboration which have different impacts on the three dimensions of firm performance: economic performance, environmental performance, and social performance.
By strengthening internal environmental management and social responsibility management, Firms can improve environmental performance and social performance; firms working closely with suppliers can promote corporate environmental performance; the continuous improvement of environmental performance and social performance will improve the economic performance ultimately. This paper reveals how SSCM practices influence firm performance. In the long run, SSCM has an important significance for the promotion of economic performance, environmental performance and social performance which constructs the competitive advantages for the firm.