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This paper tests whether companies that use green supply chain management (GSCM) practices benefited from a buffer effect in the context of COVID\u201019. Our empirical analysis, conducted on a sample of U.S. companies, shows that GSCM companies experienced less negative abnormal stock returns during the crisis. This result contributes to the literature on financial impact of GSCM, finding that GSCM is perceived as an effective risk management tool and can serve as an effective drug against COVID\u201019 crisis. 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