The Impact of Corporate ESG Performance on Supply Chain Resilience: A Mediation Analysis Based on New Quality Productive Forces

Abstract

In light of the frequent occurrence of uncertain events, supply chain resilience has emerged as a critical issue for the survival and development of enterprises. This study empirically examines the impact of corporate environmental, social, and governance (ESG) performance on supply chain resilience, utilizing data from A-share listed companies in China from 2015 to 2023. The findings reveal that strong ESG performance positively influences supply chain resilience. The concept of “new quality productive forces” provides a novel perspective for understanding corporate sustainable development. Mechanism tests indicate that new quality productive forces play a significant mediating role between ESG performance and supply chain resilience. Specifically, by enhancing ESG performance, enterprises indirectly promote the growth of new quality productive forces, thereby further strengthening supply chain resilience. The robustness of these results is confirmed through tests involving the replacement of core explanatory variables, expansion of sample size, inclusion of additional control variables, and Hausman Tests. Furthermore, heterogeneity analysis demonstrates that state-owned enterprises exhibit a more pronounced effect of ESG performance on supply chain resilience compared to private enterprises.