Three Essays In Corporate Environmental Performance
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Three Essays In Corporate Environmental Performance
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Author : Shameek Konar
language : en
Publisher:
Release Date : 1996
Three Essays In Corporate Environmental Performance written by Shameek Konar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Corporations categories.
Three Essays On Corporate Environmental Disclosures And Environmental Performance
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Author : Hani Tadros
language : en
Publisher:
Release Date : 2015
Three Essays On Corporate Environmental Disclosures And Environmental Performance written by Hani Tadros and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The objective of this dissertation is to study the incentives of firms to disclose their environmental information and examine the reliability of the information disclosed. To achieve this objective, there is a need to first understand what constitutes environmental disclosures. The first essay, a review of prior disclosure studies, provides a classification of the different types of environmental disclosures and a synopsis about the motivation to disclose each type of information, the reliability and the relevance of the information disclosed to different stakeholders. The outcome of this research shows that many types of environmental information are relevant to the financial and non-financial stakeholders; however, there are still other types of information that needs to be researched to finally achieve a comprehensive framework of environmental disclosures. The second essay examines the association between environmental disclosures and firms’ environmental performances. The study provides a framework to explain the disclosure process demonstrating the effect of economic and legitimacy factors, environmental performance, and the media communicating these disclosures on the amount and type of information reported. The results suggest that environmental reporting is biased; where firms with higher levels of environmental performance disclose more voluntary information while firms with low-environmental performance tend to meet the mandatory disclosure requirements. There is little evidence to suggest that firms with low-environmental performances use their environmental disclosures to maintain the legitimacy of their environmental operations. The third essay examines the reliability of environmental performance indicators disclosed. The results suggest that the reporting of firms’ EPIs might be free of bias as the study finds no association between the information disclosed and firms’ environmental performance. In general, the dissertation provides assurances over the reliability of environmental information disclosed. There is no denial that firms are subject to pressures from non-financial stakeholders to justify the impact of their operations on the environment. This dissertation shows that firms attempt to use their environmental disclosures to mitigate the effects of these pressures; however, it also suggests that the need to legitimize their operations is not the main driver behind the reporting of environmental information.
Hazardous Waste Matters
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Author : Timothy Taylor Greene
language : en
Publisher:
Release Date : 1998
Hazardous Waste Matters written by Timothy Taylor Greene and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Environmental management categories.
Stakeholder Perspectives On Accounting Information
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Author : Michelle Rodrigue (Professeure d'université)
language : en
Publisher:
Release Date : 2010
Stakeholder Perspectives On Accounting Information written by Michelle Rodrigue (Professeure d'université) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Through their use of resources, their investments and their output, corporations have a significant impact on our natural environment. In that regard, the long term sustainability of the current business model is currently attracting widespread attention. However, corporations have access to several environmental management tools at both the technical and managerial levels. The challenge is to integrate and implement these tools in their business activities to improve corporate environmental performance. Among these tools, accounting plays a critical role in the environmental management of organizations as it directly relates to the measurement and disclosure of corporate environmental performance. The purpose of this dissertation, which comprises three essays, is to study the role of stakeholders in the environmental accounting-related issues of environmental investment, performance measurement and disclosure. The first essay focuses on environmental resource allocation decisions and specifically examines the influence of corporate governance over the intensity of environmental capital expenditures. Results show that governance mechanisms dedicated to stakeholder accountability and environmental protection increase the intensity of environmental capital expenditures. The second essay concentrates on environmental performance measurement by investigating the role played by stakeholders in the selection of internal environmental performance indicators. Results suggests that stakeholder influences over internal environmental performance metrics are organized along a continuum ranging from narrow unidirectional influence to broad interactive influence necessitating environmental benchmarking. The last essay shifts the attention toward voluntary environmental reporting. More specifically, I contrast corporate and non-corporate (stakeholder) environmental disclosure, focusing on a single organization and its critical stakeholders. Results from the analysis of these environmental reporting dynamics show that different disclosure patterns arise among the perspectives, ranging from uniformity to performance-neutral and performance-biased gaps between the case firm's and stakeholders' disclosures. Overall, these results lead to the conclusion that stakeholders influence environmental accounting, but the form and extent of their influence depends upon the nature of the stakeholder group and the environmental issue at stake. As a whole, by bringing nuances into the portrayal of stakeholder influences, the dissertation enhances our knowledge of firms-stakeholders interactions with respect to environmental accounting.
Three Essays In Business Management The Natural Environment And Environmental Policy
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Author : Nicholas S. Nairn-Birch
language : en
Publisher:
Release Date : 2012
Three Essays In Business Management The Natural Environment And Environmental Policy written by Nicholas S. Nairn-Birch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
This dissertation prospectus compiles three studies that constitute the current state and direction of my doctoral research. This includes three empirical analyses focusing on business strategy in the context of the natural environment and environmental policy. The first paper examines the relationship between environmental and financial performance. There has been a long-standing debate in the business strategy literature over whether firms can profit from improving their environmental performance. Recent studies suggest beyond compliance performance leads to increased profitability. However, there has been minimal theoretical or empirical examination of how emerging environmental issues, such as climate change, affect competitiveness. This raises important questions about the time horizon over which the environmental-financial performance relationship is evaluated. Furthermore, few studies have examined environmental strategies, such as green supply chain management, that extend beyond traditional organizational boundaries. Building on the resource-based view of the firm and a process-based view of environmental policy issues this study argues that the impact of environmental strategies on financial performance varies according to a short-term versus long-term perspective. This study is also one of the first to directly test the profitability of supply chain environmental strategies. This is achieved by leveraging novel longitudinal environmental impact data for over 1,000 US corporations from 2004 - 2008 to estimate the effect of direct and supply chain emissions on short- and long-term measures of financial performance. The results suggest that proactive environmental strategies to reduce life cycle GHG emissions may only be profitable over a longer time horizon. Taking an exploratory approach, the second essay examines the dimensionality of environmental performance ratings and its relation to market valuation. The emergence of Socially Responsible Investing (SRI), has led to the development of a large number of methodologies for rating corporate environmental performance. Increased availability of information potentially generates an abundance of riches upon which to base investment decisions, but also raises issues of commensurability, information overload and confusion. Using data from three leading purveyors of environmental ratings, the study identifies the principle components of environmental performance captured by prominent methodologies. The results suggest that in large part, two distinct factors explain 80% of the variance of the data: the environmental processes and practices implemented by firms, and the environmental outcomes they generate. The study also shows corporate financial performance to be correlated to process measures but not to outcome measures. The third and final essay examines corporate political strategies to confront issues of environmental policy. In 2008, an estimated $3.3 billion was spent on lobbying, the majority of which bankrolled by business, which are mostly perceived as opposing the government at the expense of the public. In this paper, we develop and test hypotheses on how firm performance on a salient political issue influences corporate political strategy. In the context of the recent climate change policy debate in the United States, we hypothesize a U-shaped relationship between greenhouse gas (GHG) emissions and two forms of political activity: lobbying and voluntary public disclosure. To test our hypotheses, the study leverages novel data on corporate GHG emissions, lobbying expenses aimed at climate change legislation and disclosure to the Carbon Disclosure Project. Our results suggest that both dirty and clean firms are active in the public policy process, which challenges the popular view that corporate involvement in the environmental policy process is solely adversarial.
Corporate Sustainability And The Role Of The Consumer
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Author : Jeffrey M. Gauthier
language : en
Publisher:
Release Date : 2014
Corporate Sustainability And The Role Of The Consumer written by Jeffrey M. Gauthier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The challenge of sustainability has become an increasingly important concern for organizations. Sustainability raises new questions of legitimacy for organizations, compelling them to address stakeholder expectations of economic, environmental, and social performance. Although consumer stakeholders act as the ultimate arbiter of legitimacy for many firms, we know little about how consumers may influence corporate sustainability. This dissertation consists of three essays that examine the role of consumers in influencing corporate sustainability. The first essay examines how companies may attempt to manage sustainability ratings assigned by ratings agencies in an attempt to retain consumer stakeholder support. I argue that an understanding of cognitive choice models helps to reveal conditions under which firms may pursue improvements in sustainability performance in non-core practices rather than in core practices. The second essay is a quantitative analysis of corporate social performance in theU.S.insurance industry. With arguments grounded in the stakeholder salience framework of stakeholder theory, I argue that a firm's proximity to end-consumers will be related to specific dimensions of corporate social performance (community and diversity performance). Results of the study indicate that closer proximity to end-consumers (i.e., a greater percentage of revenues from end-consumers as opposed to businesses) is associated with stronger community and diversity performance. The third essay is a discourse analysis that examines how discourse is used to maintain legitimacy when consumer stakeholders' legitimacy concerns pose a threat to the firm's legitimacy. Drawing on rhetorical analysis and critical discourse analysis, I identify three themes (social, environmental, and economic) and three rhetorical justifications (ethos, logos, and pathos) in texts produced by Monsanto. I offer potential explanations for the relative frequency of themes and rhetorical justifications, and further identify taken-for-granted assumptions in Monsanto's texts. Taken together, these essays suggest that consumer stakeholders hold a significant role in influencing firms' actions, as well as the communication of those actions, regarding sustainability. More broadly, this dissertation reveals the insights that may be gained by foregrounding consumer stakeholders in management research.
Information Decision Making And Corporate Eco Efficiency
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Author : Vered H. Doctori Blass
language : en
Publisher:
Release Date : 2009
Information Decision Making And Corporate Eco Efficiency written by Vered H. Doctori Blass and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
In the third analysis chapter, I evaluate how the eco-efficiency rating of firms is influenced by the types of indicators and rating methodologies used. I demonstrate the application of data envelopment analysis methodology in the context of social responsible investing decisions. I find that rating based on data envelopment analysis is superior to other methodologies in order to ascertain firms' environmental performance allowing the integration of different performance measures. Overall, each of my analysis chapters provides theoretical and practical insights to better understand the relationship of sustainable decision-making and resulting eco-efficiency.
Three Essays On Corporate Social Responsibility Csr
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Author : Ruoke Yang
language : en
Publisher:
Release Date : 2019
Three Essays On Corporate Social Responsibility Csr written by Ruoke Yang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
My findings point to a world in which the ratings business is primarily catering to a large group of trusting investors who buy ratings not for the value of information but for the value of institutional certification. The third essay examines the ratings of a recently emerged rating agency competitor and find its ratings are of no better predictive quality. I introduce a novel set of measures, `corporate badness (CB) ratings', for corporate environmental and social performance. In contrast to the leading commercial ratings, worse CB ratings correctly predict more future corporate bad behavior out-of-sample. These CB ratings provide a way to study ratings disagreement, which can be used to disentangle greenwashing from the other information contained in the leading commercial CSR ratings.
From Green To Gold
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Author : Mark Gleim
language : en
Publisher:
Release Date : 2011
From Green To Gold written by Mark Gleim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
ABSTRACT: This dissertation is designed to contribute to our understanding of the role of corporate social responsibility (CSR). In particular, environmental sustainability is examined to better understand its impact on consumers and firm performance. A set of three essays examines the role, and impact, of environmental sustainability from the perspective of consumers. As firms continue to employ environmentally sustainable marketing strategies, ultimately consumers have the final say regarding the effectiveness of such efforts. An examination of CSR research in marketing, as well as other business disciplines, is first presented to better understand the limitations and opportunities that exist. Next, Essay 1 contains a multi-method analysis of the barriers to green consumption to better understand why environmentally friendly products continue to represent only a small portion of total purchases.
Three Essays On Corporate Social Responsibility
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Author : Vanessa Cuerel Burbano
language : en
Publisher:
Release Date : 2015
Three Essays On Corporate Social Responsibility written by Vanessa Cuerel Burbano and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This dissertation explores the effect of corporate social responsibility (CSR) practices on the firm and contributes to an understanding of how CSR practices can contribute to companies' competitive advantage. In Chapter 1, I use three randomized field experiments implemented in online labor marketplaces to provide causal evidence of the effect of CSR on employee outcomes that have been shown to be critical to firm performance: salary requirements and employee performance. Workers were recruited for short-term jobs and I manipulated whether or not they received information about the employer's CSR program. I then observed the payment workers were willing to accept for the job and their performance on the job. Surveys administered at the end of the experiments gauging workers' perceptions about the received CSR information also provide insight into the distinct mechanisms through which CSR affects the different employee outcomes. This paper contributes to an understanding of how CSR adds value to the firm and highlights the role of the employee in explaining this relationship. It also demonstrates how online labor markets can be used as settings for field experimental research in strategic management more broadly. In Chapter 2, we examine pro bono work in the legal services industry. Using a screening model we show that law firms use pro bono engagements to gain information about associates' expected productivity as an equity partner. Using a dataset of the top 200 US law firms in 2010 we demonstrate empirical support for our model's predictions. Our findings thus suggest that the conventional wisdom that CSR practices are used to provide information about the quality of the firm to the employee is backwards; rather, we find that pro bono engagements are used to provide information about the quality of the employee to the firm. In Chapter 3, we explore what drives firms to combine poor environmental performance with communication about positive environmental performance, resulting in "greenwashing". Although some explanation of firm greenwashing has been put forth, a comprehensive analysis of the determinants of firm greenwashing is lacking. Drawing from existing work in management, strategy, sociology and psychology, we propose a comprehensive framework that examines the external (both institutional and market), organizational and individual drivers of greenwashing and then use this framework to develop recommendations for managers, policymakers, and NGOs to decrease greenwashing.