BOARDS OF DIRECTORS AND FIRMS’ ENVIRONMENTAL PROACTIVITY
F. Calza, G. Profumo, Ilaria Tutore
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引用次数: 17
Abstract
How to cite this paper: Calza, F., Profumo, G., & Tutore, I. (2017). Boards of directors and firms’ environmental proactivity. Corporate Governance and Organizational Behavior Review, 1(1), 52-64. http://doi.org/10.22495/cgobr_v1_i1_p6 Copyright © 2017 The Authors This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). http://creativecommons.org/licenses/b y-nc/4.0/ ISSN Online: 2521-1889 ISSN Print: 2521-1870 Received: 02.11.2017 Accepted: 12.12.2017 JEL Classification: G34, M14, Q56 DOI: 10.22495/cgobr_v1_i1_p6 The present paper advances knowledge on the antecedents of firms’ environmental proactivity, assessing the explanatory power of corporate governance issues. In particular, our aim is to explore the relationship between board structure and firms’ proactive environmental strategies, within the agency theory and resource dependence theory frameworks, in order to outline if particular types of board members could represent a stimulating driver for firms’ environmental proactivity. The theoretical analysis is completed by an empirical investigation, performed by two linear regression models, on a sample of European firms, belonging to different polluting industries that were included in the Carbon Disclosure Project questionnaire 2014. The industry choice is related to the increasing pressure for better environmental performance that polluting industries are nowadays experiencing because of stakeholders and legislation requests. The results show that board structure and composition matters in firms’ environmental proactivity and have implications for managers, shareholders, and regulators who are interested in influencing firms’ environmental proactivity.
董事会和公司的环境主动性
如何引用本文:Calza, F., Profumo, G., & Tutore, I.(2017)。董事会和公司的环境主动性。公司治理与组织行为研究,vol . 1, 52-64。http://doi.org/10.22495/cgobr_v1_i1_p6版权所有©2017作者本作品采用知识共享署名-非商业4.0国际许可协议(CC BY-NC 4.0)授权。http://creativecommons.org/licenses/b y-nc/4.0/ ISSN Online: 2521-1889 ISSN Print: 2521-1870收稿日期:02.11.2017收稿日期:12.12.2017 JEL分类:G34, M14, Q56 DOI: 10.22495/cgobr_v1_i1_p6本论文推进了企业环境积极性的前因,评估了公司治理问题的解释力。特别地,我们的目的是在代理理论和资源依赖理论框架内探索董事会结构与企业主动环境战略之间的关系,以概述特定类型的董事会成员是否可以代表企业环境主动性的激励驱动因素。理论分析是通过实证调查完成的,通过两个线性回归模型,对欧洲公司的样本,属于不同的污染行业,包括在碳披露项目问卷2014。行业选择与污染行业由于利益相关者和立法要求而面临的越来越大的环境绩效压力有关。结果表明,董事会结构和组成对公司的环境主动性有影响,并对有意影响公司环境主动性的经理、股东和监管机构有影响。
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