Green Supply Chain Management as a Strategy to Strengthen the Sustainability and Competitive Advantage, and Financial Stability: Insights From Indonesian Manufacturing Firms

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Quantitative analysis identifies sustainability performance as a mediator in GSCM enhancing competitive advantage and financial stability.

GSCM significantly enhances sustainability performance in Indonesian manufacturing firms, impacting overall strategy.
While GSCM doesn't directly influence financial stability, it indirectly enhances it through sustainability performance.
Data were collected from 85 managerial decision-makers using questionnaires, revealing important insights for managers.
The findings highlight the need for firms to embrace green practices despite initial investment concerns for long-term benefits.

Hasibuan et al. (2025) studied this question.

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Quantitative analysis identifies sustainability performance as a mediator in GSCM enhancing competitive advantage and financial stability.