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The Natural Environment, Innovation, and Firm Performance: A Comparative Study



This article is corrected by:

  1. Errata: Errata Volume 21, Issue 3, 201, Article first published online: 8 September 2008

  • Financial support for this research was provided by the Austin Family Business Program at Oregon State University. The authors wish to acknowledge Jon Johnson, Lori Ryan, Dirk Matten, Marshall Schminke, Peter Davis, Anne O'Leary-Kelly, Gavin Cassar, and participants at the 2005 Academy of Management Social Issues in Management Professional Development Workshop for their valuable and insightful comments. An earlier version of this paper was presented at the 2005 Babson Kauffman Entrepreneurship Research Conference and was selected as the Best Paper for the Family Business Track as the Winner of the Babson College Family Business Award sponsored by George and Robin Raymond for the Best Paper on the Topic of Family Business.

Clay Dibrell, College of Business, Oregon State University;

Justin Craig, College of Business, Oregon State University;


In this article, we investigate the effect of firm-level natural-environment-related policies on innovation and financial performance in family and nonfamily firms. Our findings demonstrate that family firms are better able to facilitate environmentally friendly firm policies associated with improved firm innovation and greater financial performance more effectively than their nonfamily competitors.