Does supply chain matter for environmental firm performance: mediating role of financial development in China

Abstract

The purpose of this research is to understand the impact of technological innovation on corporate social responsibility and corporate environmental performance, as well as the difference in the measurement of this impact between domestic and foreign companies. Supply chain management is an essential tool to promote environmentally sustainable manufacturing by owning green products, green supply chain management and green manufacturing processes, believes that companies should participate in inappropriate policies, assessments, practices and activities while achieving all components of economy, environment, charity and ethics. The hierarchical regression model is used to analyse 175 small and medium enterprises samples. The survey results show that technological innovation will affect environmental performance and will also have a positive impact on company performance. Efficient companies can bring greater financial success, which not only supports economic community projects but also supports social welfare. Innovating through the participation of management and employees in environmental protection practices can not only improve the company’s performance but also enhance the company’s image among stakeholders. The findings of this article strengthen existing theories and help establish sustainable practices in Chinese and other developing and developed countries.