Effects of best practices of environmental management on cost advantage: The role of complementary assets

• 成果类型: Article
• 署名作者: Christmann, P
• 署名单位: University of Virginia
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/1556360
• 发表日期: 2000
• 页码: 663-680
• 关键词: RESOURCE-BASED VIEW; Competitive advantage; organizational performance; SOCIAL-RESPONSIBILITY; STRATEGY FORMULATION; firm performance; industry matter; green; sustainability; determinants

摘要

Research on the effects on firm performance of best practices of environmental management, which are supposed to enable firms to simultaneously protect the environment and reduce costs, has so far ignored the roles of existing firm resources and capabilities. Drawing on the resource-based view of the firm, this study analyzes whether complementary assets are required to gain cost advantage from implementing best practices. Results based on survey data from 88 chemical companies indicate that capabilities for process innovation and implementation are complementary assets that moderate the relationship between best practices and cost advantage, a significant factor in determining firm performance.