The Role of Circular Economy, Technology, and Finance in Green Supply Chain Management: Evidence From Developed Nations
研究了2006至2022年九个高收入经济体绿色供应链管理的影响因素，发现经济复杂性促进而城市化抑制其发展，数字化和人工智能反而产生负面影响，金融深度和稳定性有支持作用，但金融发展和效率则起阻碍作用。
ABSTRACT This study investigates the determinants of green supply chain management (GSCHM) in nine high‐income economies from 2006 to 2022. Using a panel structural equation model, it finds that economic complexity promotes GSCHM, while urbanization constrains it. Unexpectedly, digitalization and artificial intelligence (AI) negatively impact GSCHM, possibly due to poor integration, misaligned strategies, or rebound effects. These technologies also weaken the positive effects of the circular economy ( CE ), suggesting that digital tools may disrupt sustainability without strategic alignment. Financial depth and stability support GSCHM, whereas financial development and efficiency hinder it, indicating risks from unregulated financial expansion. Targeted green policies are called for—such as mandatory sustainability audits, green finance standards, and digital innovation oversight—led by governments, regulators, and industry bodies. These findings offer actionable insights for aligning economic, technological, and financial systems to strengthen GSCHM and promote long‐term sustainability.