GOOD FENCES MAKE GOOD NEIGHBORS: A LONGITUDINAL ANALYSIS OF AN INDUSTRY SELF-REGULATORY INSTITUTION

• 成果类型: Article
• 署名作者: Barnett, Michael L.; King, Andrew A.
• 署名单位: State University System of Florida; University of South Florida; Dartmouth College
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/AMJ.2008.35732609
• 发表日期: 2008
• 页码: 1150-1170
• 关键词: Environmental performance; GREENER WHITER; IMPACT; EVOLUTION; certification; standard

摘要

We extend theories of self-regulation of physical commons to analyze self-regulation of intangible commons in modern industry. We posit that when the action of one firm can cause spillover harm to others, firms share a type of commons. We theorize that the need to protect this commons can motivate the formation of a self-regulatory institution. Using data from the U.S. chemical industry, we find that spillover harm from industrial accidents increased after a major industry crisis and decreased following the formation of a new institution. Additionally, our findings suggest that the institution lessened spillovers from participants to the broader industry.