Corporate governance and environmental performance: is there really a link?
Version of Record online: 4 JAN 2012
Copyright © 2012 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 33, Issue 8, pages 885–913, August 2012
How to Cite
Walls, J. L., Berrone, P. and Phan, P. H. (2012), Corporate governance and environmental performance: is there really a link?. Strat. Mgmt. J., 33: 885–913. doi: 10.1002/smj.1952
- Issue online: 13 JUN 2012
- Version of Record online: 4 JAN 2012
- Accepted manuscript online: 28 DEC 2011 09:07AM EST
- Manuscript Revised: 19 DEC 2011
- Manuscript Received: 28 NOV 2007
- corporate governance;
- environmental performance;
- fact-based research;
- KLD database;
- multilevel analysis
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. Copyright © 2012 John Wiley & Sons, Ltd.