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Strategic Management Journal Vol. 33 No. 8 2012

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

Judith L. Walls1; Pascual Berrone2,3; Phillip Phan4,5

1 Concordia University · 2 IESE Business School · 3 Universidad de Navarra · 4 Johns Hopkins University · 5 Johns Hopkins Medicine

open access

Abstract

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.

DOI
10.1002/smj.1952
Volume
33
Issue
8
Pages
885-913
Language
en
Sources
openalex crossref bibtex:phds-export.bib

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