Environmental management control systems: Exploring the economic motivation behind their implementation

IF 10.5 1区管理学 Q1 BUSINESS

Journal of Business Research Pub Date : 2023-09-27 DOI:10.1016/j.jbusres.2023.114283

Jan C. Hennig , Sebastian Firk , Michael Wolff , Hülgen Coskun

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引用次数: 1

Abstract

Environmental management control systems (EMCSs) effectively integrate environmental objectives into corporate decision-making, yet implementation costs may discourage their adoption. To understand firms’ economic motivation for implementing EMCSs, we theorize that internal and external factors drive both their economic performance and the decision to implement EMCSs. We argue that the environmental costs induced by firms’ pollution intensity drive the economic benefits of EMCSs as well as their implementation. Additionally, we suggest that this relationship depends on society’s environmental awareness. By introducing an archival measure of EMCS implementation, we test these hypotheses on a longitudinal dataset of European and US firms. Our results support the argument that environmental costs drive EMCSs’ economic benefits and implementation. We also find that environmental awareness in societies influences the impact of environmental costs. Our study highlights the importance of environmental awareness in society for aligning environmental and economic goals and thus to increase corporate environmentalism.

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环境管理控制系统：探索其实施背后的经济动机

环境管理控制系统有效地将环境目标纳入企业决策，但实施成本可能会阻碍其采用。为了理解企业实施EMCS的经济动机，我们理论上认为，内部和外部因素既驱动着企业的经济绩效，也驱动着企业实施EMCs的决策。我们认为，企业污染强度引发的环境成本推动了EMCS的经济效益及其实施。此外，我们认为这种关系取决于社会的环境意识。通过引入EMCS实施的档案测量，我们在欧洲和美国公司的纵向数据集上测试了这些假设。我们的研究结果支持了环境成本推动EMCS的经济效益和实施的论点。我们还发现，社会中的环境意识会影响环境成本的影响。我们的研究强调了社会环境意识对协调环境和经济目标的重要性，从而提高企业的环保意识。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.