TY - JOUR
T1 - What is driving corporate environmentalism
T2 - Opportunity or threat?
AU - Khanna, Madhu
AU - Anton, Wilma Rose Q.
N1 - Funding Information:
The authors would like to acknowledge research funding provided by U.S. Environmental Protection Agency (USEPA) National Center for Environmental Research, Science to Achieve Results (STAR) Program, Grant #R827919-01. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the authors and do not necessarily reflect the view of the USEPA.
PY - 2002/12
Y1 - 2002/12
N2 - Environmental management systems (EMSs) can differ considerably in the mix of practices and the number of practices adopted by firms. This paper explores the various incentives motivating adoption of different types of practices by a sample of Standard & Poor's 500 firms and provides an explanation for why firms adopt practices selectively. Observable firm characteristics, proxies for the incentives faced by firms, are used to determine the types of firms more likely to adopt certain types of practices. We find that practices, such as having an internal environmental policy, corporate environmental standards and environmental auditing are motivated more strongly by regulatory pressures, while practices such as total quality environmental management and environmental reporting are motivated more strongly by the potential for gaining competitive advantage and improving relations with stakeholders.
AB - Environmental management systems (EMSs) can differ considerably in the mix of practices and the number of practices adopted by firms. This paper explores the various incentives motivating adoption of different types of practices by a sample of Standard & Poor's 500 firms and provides an explanation for why firms adopt practices selectively. Observable firm characteristics, proxies for the incentives faced by firms, are used to determine the types of firms more likely to adopt certain types of practices. We find that practices, such as having an internal environmental policy, corporate environmental standards and environmental auditing are motivated more strongly by regulatory pressures, while practices such as total quality environmental management and environmental reporting are motivated more strongly by the potential for gaining competitive advantage and improving relations with stakeholders.
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U2 - 10.1016/S1066-7938(02)00118-5
DO - 10.1016/S1066-7938(02)00118-5
M3 - Article
AN - SCOPUS:0036913210
SN - 1066-7938
VL - 9
SP - 409
EP - 417
JO - Corporate Environmental Strategy
JF - Corporate Environmental Strategy
IS - 4
ER -