There is an ongoing debate over the impact of corporate pro-environment actions and strategies (reflected, for example, in pollution prevention emission reductions, product re-design, materials stewardship) on financial performance US corporations today. A review existing literature this area yields no consistent pattern relationships between environmental proactivism when historical accounting stock market measures are used. We revisit relationship using a novel measure firm performance:...

Abstract While prior work has investigated the impact of (a) ownership structure and (b) board gender diversity separately on corporate environmental performance, researchers have not studied potentially important relationship between control female in influencing performance jointly. We do so context majority family‐controlled dual‐class firms whose motives influence are theoretically different from that firm's minority shareholders. Drawing resource dependency, socioemotional wealth...

Abstract Empirical research in the area of corporate sustainability highlights potential conflicts between financial performance and environmental performance. In such a situation, agency theory arguments applied to context predict that top management compensation should be explicitly linked order bring about proper alignment organizational goals incentives. We test this proposition for sample 207 Standard & Poor 500 firms US 1996 who report Investor Responsibility Research Council...

Flexibility in manufacturing has aroused considerable interest among researchers and professionals. However, the vast body of literature on flexibility does not adequately address kind a company needs to meet its strategic objectives, nor how this can be achieved. An overview is provided different types flexibility, classification scheme based positioning goals firm provided, suggestions are made these may The importance such design investment justification flexible also discussed.

Using data on 200 large U.S. corporations in 1996, this study develops and tests a model which the Compensation of Outside Directors is significantly related to Director Effort, External Monitoring, Internal Referents Firm Performance, after controlling for Size Inside Ownership. There some support each set hypotheses relating different independent variables model.

Research on the efficacy of stock‐based compensation for outside directors has documented a weak or non‐existent relationship with firm performance. Other variables also influence relationships between these two constructs. Consistent agency theory, we show, sample 450 Standard & Poor 500 firms over 1995–97 period that use director stock options and grants ratios was more strongly associated positive performance in (a) higher investment opportunities, (b) weaker external monitoring....

Abstract In weak institutional contexts characterized by voids, firms often struggle to demonstrate their ethical conduct. They are seen as raising the costs of influencing stakeholders and correspondingly level investment needed in stakeholder influence capacity order achieve corporate financial performance (CFP). We hypothesize find support for a U-shaped curvilinear relationship between social responsibility (CSR) engagement CFP context India—a country relatively institutions. also...

We study asymmetric performance benchmarking in Chinese executive compensation contracts between 2000 and 2010. predict that while relative evaluation criteria are important pay contracts, managerial power influence will result a decoupling performance. managers rewarded for superior but not penalized inferior test this pay-for-performance hypothesis using three benchmarks: whether firm is positive/negative, above/below industry average, regional average. find the sensitivity accounting...

Abstract We investigate family firms’ speed and degree of compliance with board independence requirements how willingness ability affect patterns. Using a longitudinal sample Indian publicly traded firms during transitional period corporate governance reforms, we find that are slower to comply than non‐family firms. Family is even as agency costs increase. also document prone symbolically requirements, independent directors in less engaged their counterparts symbolic more salient when...