Resource Commitments for Technology-Deployments to Boost Corporate Sustainability
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Abstract
The manufacturing industry is infamous for its detrimental environmental effects resulting from the extensive utilization of natural resources as well as the emission of hazardous chemicals. Considering the growing concern of both governmental bodies and customers regarding environmental sustainability, it is imperative for organizations to address these concerns and improve their bottom-line performance by implementing Green Supply Chain Practices (GSCP) coupled with novel technological advancements such as blockchain technology (BCT). However, the successful integration of innovative technologies and the adoption of green practices necessitate the backing of resource management to ensure the efficient execution of operations. Therefore, this research aims to identify the direct influence of resource management on the successful implementation of block chain technology (BCT) for green SC operations and firms bottom line performance. A total of 127 Malaysian Electrical and Electronics firms were surveyed using a close-ended questionnaire to gather data. This study utilizes partial least squares-based structural equation modeling (PLS-SEM) to analyze the relationships. In doing so, the test results demonstrate the positive relationship between resource commitment, blockchain technology (BCT), Green SCP and Corporate sustainability. The research findings indicate the positive impact of resource commitments in implementing blockchain technology for green SC practices and corporate sustainability. Furthermore, the findings also support the mediating effect of green SC practices in association between BCT and corporate sustainability.
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