Affiliation:
1. Department of Accounting and Finance, Aberdeen Business School Robert Gordon University Aberdeen UK
2. Ecmetrika Consultancy and Research Newport on Tay UK
3. IRC for Finance and Digital Economy, KFUPM Business School King Fahd University of Petroleum and Minerals Dhahran Saudi Arabia
Abstract
AbstractThis study draws on neo‐institutional theory to examine how and why corporate environmental management practices might affect environmental performance. It contributes to the literature by using a large, global data set to investigate the impact of 10 corporate environmental management practices on greenhouse gas emissions or emissions intensity. It focuses on greenhouse gas emissions which pose an existential threat to the people and planet, and the environmental management practices of corporations whose effectiveness has provoked cynicism and claims of “greenwash”. Our results are based on a dynamic, robust and large‐scale econometric analysis, which includes tests of association and Granger causation in comparison with earlier research. A key finding, which is of interest not only to the academic literature but also to policymakers and managers, is that environmental performance impacts environmental management practices but not vice versa, supporting the hypothesis that corporations adopt these practices as a symbolic legitimizing device rather than a genuine attempt derived from moral obligation to reduce their greenhouse gases or carbon intensity.
Subject
Management, Monitoring, Policy and Law,Organizational Behavior and Human Resource Management,Economics and Econometrics,Philosophy,Business and International Management
Cited by
4 articles.
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