Cross-Sectional Variance Decomposition Method, Intranational Consumption Risk Sharing, International Consumption Risk Sharing, South Korea

Abstract

Purpose – This study is intended to identify the relationship between corporate environmental factors and corporate performance to respond to trade market dynamics caused by climate change. This research is performed with the hypotheses that proposes the use of green supply chain management has an impact on environmental factors and corporate performance. Design/methodology – Based on previous research, the team investigates factors and variables, and conducted empirical study. This research paper performs factor analysis such as reliability and validity and structural equation model using SPSS 27 and AMOS 26 to test hypotheses and study model. Findings – This research paper sets environmental regulations, government support, and corporate cultures as corporates’ environmental factors and analyzes green supply chain management and corporate performance, which results in the similar findings to previous research, however new insight also comes out. Environmental regulations alone cannot have a direct impact on corporates’ environmental performance and government support has no impact on green supply chain management and corporate performance. Originality/value – Previous research focuses on the past’s environmental regulations and corporate cultures. On the other hand, this study analyzes nowadays environmental regulations and various government support. In addition, this research paper studies in consideration to overall circums- tances, whereas the previous research deals with ESG and green supply chain management separately. In other words, the recent green trends and factors are applied to this study analysis.