In this paper, we explore the locus of profitable pollution reduction. We propose that managers underestimate full value some means reduction and so under exploit these means. Based on evidence from previous studies, argue waste prevention often provides unexpected innovation offsets, onsite treatment cost. use statistical methods to test direction significance relationship between various profitability. find strong leads financial gain, but no firms profit reducing by other Indeed, bene...

Lean production may have a significant public good spillover—improved environmental performance. However, empirical evidence of the link between lean practices and performance has not resolved nature relationship. To explore this issue, we conduct an analysis 17,499 U.S. manufacturing establishments during time period 1991–1996. We find that those adopt quality management standard ISO 9000 are more likely to 14000. also strong production, as measured by adoption low chemical inventories, is...

Summary Previous empirical work suggests that firms with high environmental performance tend to be profitable, but questions persist about the nature of relationship. Does stronger really lead better financial performance, or is observed relationship outcome some other underlying firm attribute? it pay have cleanrunning facilities in relatively clean industries? To explore these questions, we analyze 652 U.S. manufacturing over time period 1987–1996. Although find evidence an association...

In this article, we respond to calls by previous researchers clarify the function of decentralized institutions analyzing strategic motives individual actors. We investigated an important type institution, certified management standards, and theorized that firms use these reduce problems might arise with exchange partners lack information or fear opportunism. tested theory using pattern certification ISO 14001 standard.

Increasingly, technological innovation creates markets for new products and services. To survive, firms must respond to these markets. How do develop the capabilities necessary succeed in such changing conditions? Some suggest that experience with previous entry builds capabilities. Others arise from producing selling existing The role of managers is also debated. argue causes miss opportunities. enter when their firm possesses needed compete effectively. In this paper, we explore issues by...

Abstract Theories of absorptive capacity propose that knowledge gained from prior experience facilitates the identification, selection, and implementation related profitable practices. Researchers have investigated how managers may develop by building internal stocks, but few focused on distribution this within firm role play in administering information to organizational subunits. In paper, we explore degree which can directly providing agents organization might potentially adopt a new...

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

Corporate sustainability has gone mainstream, and many companies have taken meaningful steps to improve their own environmental performance. But while corporate political actions such as lobbying can a greater impact on quality, they are ignored in most current metrics. It is time for these metrics be expanded critically assess firms based the impacts of public policy positions. To enable assessments, must become transparent about responsibility (CPR) social (CSR). For part, rating systems...

Theory suggests that when transaction costs are low, corporations and stakeholders can minimize social by transacting to their mutual advantage, but high, reducing requires the intervention of a centralized institution. In surprisingly little work have scholars considered what happens in between--when exist recourse hierarchical institution is barred. I use cost analysis hypothesize how collaboration between environmental stakeholder groups will be structured.

Abstract In this article, we investigate whether environmental capabilities influence firms' corporate strategies, a topic that has received little attention to date. We hypothesize firms are more likely acquire facilities when ownership facilitates the transfer of either or from facility. Using panel U.S. government's Toxics Release Inventory Program, find with superior significantly physically proximate inferior and vice versa. Our results extend theories both strategy. Copyright © 2012...

Research summary : This article uses distributional matching and posterior predictive checks to estimate the extent of false inflated findings in empirical research on strategic management. Based a sample 300 papers top outlets for management, we that if each study were repeated, 24–40 percent significant coefficients would become insignificant at five level. Our best guess is about half these, true coefficient very close 0. The remaining are likely directionally correct but magnitude. We...

Published testimony in management, as other sciences, includes cases where authors have overstated the inferential value of their analysis. Where some scholars diagnosed a current crisis, we detect an ongoing and universal difficulty: epistemic problem learning from testimony. Overcoming this difficulty will require responses suited to conditions management research. To that end, review philosophical literature on epistemology testimony, which describes under common empirical claims provide...

Abstract Previous research has found that foreign‐owned establishments often lack specific capabilities needed to respond local business conditions and are held a higher standard by stakeholders. These compensate, however, possessing offsetting such as technological excellence. In this article, we investigate how these conflicting forces shape the environmental conduct of facilities. Using data from Environmental Protection Agency, find generate more waste yet manage than U.S.‐owned...

Industry self-regulation, the voluntary association of firms to control their collective action, has been proposed as a complement government regulation. Proponents argue that establishment such structures may institutionalize environmental improvement, while critics suggest without explicit sanctions will fall victim opportunistic behavior. In study Chemical Manufacturer Association’s Responsible Care program we investigate predictions these two contradictory perspectives. Our findings...

Increasingly ecologists have recognized the importance of sudden and unexpected changes in natural environment—often called “surprises.” Organizational scholars not developed a theory how to avoid ecological surprise. This article suggests one way develop such theory. Using ecology, systems analysis, historical comparison four communities, concludes that organizing managing resources part as community property can play central role avoiding surprises.

Environmental issues, while of growing interest, have been outside the main focus business scholarship. This position on periphery may a good thing. It allowed scholars and environment to consider unusual theories evaluate overlooked phenomenon. In doing so, they created body research providing new insights into two topics mainstream interest: (a) sources competitive advantage (b) origin function self-regulatory institutions.

ABSTRACT For decades, scholars searched for a connection between corporation's current performance with respect to sustainability and the future returns of its stock. In 2016, Khan, Serafeim, Yoon published an apparent breakthrough in this quest: guidance on materiality from Sustainability Accounting Standards Board allowed construction corporate scales that reliably predicted stock returns. Their finding had immediate broad impact, but it remains, authors' own words, just “first evidence.”...

Environmental issues, while of growing interest, have been outside the main focus business scholarship. This position on periphery may a good thing. It allowed scholars and environment to consider unusual theories evaluate overlooked phenomenon. In doing so, they created body research providing new insights into two topics mainstream interest: (a) sources competitive advantage (b) origin function self-regulatory institutions.

Many scholars have argued that systems for treating waste impede organizations from preventing in the first place. They theorize end-of-pipe (EOP) treatment diminishes incentive to avoid creating production process and obscures information necessary devise prevention techniques. This prediction has been widely accepted, influencing both policy practice, despite a lack of supporting empirical evidence existence counterprediction. In this paper, we use data describing U.S. manufacturing...