Corporate Governance and the Environment: What Type of Governance Creates Greener Companies?
We build on a stakeholder–agency theoretical perspective to explore the impact of particular corporate governance mechanisms on firm environmental performance. Our empirical evidence shows that several important corporate governance mechanisms such as the board of directors, managerial incentives, t...
| Autores: | , , |
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| Tipo de documento: | artigo |
| Data de publicação: | 2010 |
| País: | España |
| Recursos: | IE |
| Repositório: | Repositorio IE |
| OAI Identifier: | oai:repositorio.ie.edu:20.500.14417/4189 |
| Acesso em linha: | https://doi.org/10.1111/j.1467-6486.2010.00993.x https://hdl.handle.net/20.500.14417/4189 https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1467-6486.2010.00993.x |
| Access Level: | Acceso aberto |
| Palavra-chave: | 53 Ciencias Económicas::5311 Organización y dirección de empresas ODS 9 - Industria, innovación e infraestructura |
| Resumo: | We build on a stakeholder–agency theoretical perspective to explore the impact of particular corporate governance mechanisms on firm environmental performance. Our empirical evidence shows that several important corporate governance mechanisms such as the board of directors, managerial incentives, the market for corporate control, and the legal and regulatory system determine firms' environmental performance levels. These results suggest that these different governance mechanisms resolve, to some extent, the existing divergence of interests between stakeholders and managers with respect to environmental activities. |
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