Corporate governance and environmental performance: is there really a link?

• 成果类型: Article
• 署名作者: Walls, Judith L.; Berrone, Pascual; Phan, Phillip H.
• 署名单位: Concordia University - Canada; University of Navarra; IESE Business School; Johns Hopkins University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.1952
• 发表日期: 2012
• 页码: 885-913
• 关键词: CORPORATE GOVERNANCE; ENVIRONMENTAL PERFORMANCE; fact-based research; KLD database; MULTILEVEL ANALYSIS

摘要

Corporate governance scholars are increasingly interested in firms' social and environmental performance. Empirical research in this area, however, has moved forward in an uncoordinated fashion, producing fragmented and contradictory results. Our paper seeks to address this situation by adopting a fact-based research approach that comprehensively explores the link between corporate governance and environmental performance. Specifically, we aim to understand how the relationships between and among the firms' owners, managers, and boards of directors influence environmental performance. We are particularly interested in understanding the interactions among these three key sets of actors. In the end, we offer some observations about governance practices and discuss the implications for theory. Copyright (c) 2012 John Wiley & Sons, Ltd.