Difference in degrees: CEO characteristics and firm environmental disclosure

Strategic Management Journal

Volumn 35, Issue 5, 2014, Pages 712-722

  Lewis, Ben W ^a   Walls, Judith L ^b   Dowell, Glen W S ^c  

^a BRIGHAM YOUNG UNIVERSITY   (United States)

^b NANYANG TECHNOLOGICAL UNIVERSITY   (Singapore)

^c The Samuel Curtis Johnson Graduate School of Management   (United States)

Author keywords

CEO characteristics; environmental performance; institutional theory; sustainability; voluntary disclosure

Indexed keywords

ENVIRONMENTAL MANAGEMENT; SOCIETIES AND INSTITUTIONS; SUSTAINABLE DEVELOPMENT;

CARBON DISCLOSURE PROJECTS; CEO CHARACTERISTICS; CORPORATE ENVIRONMENTAL PERFORMANCE; ENVIRONMENTAL INFORMATION; ENVIRONMENTAL INFORMATION DISCLOSURE; ENVIRONMENTAL PERFORMANCE; INSTITUTIONAL THEORY; VOLUNTARY DISCLOSURE;

INDUSTRY;

EID: 84898869265     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.2127     Document Type: Article

References (61)

1. Aerts W, Cormier D,. 2009. Media legitimacy and corporate environmental communication. Accounting, Organizations and Society 34 (1): 1-27.
2. Bagley CE,. 2008. Winning legally: the value of legal astuteness. Academy of Management Review 33 (2): 378-390.
3. Bamber LS, Jiang JX, Wang IY,. 2010. What's my style? The influence of top managers on voluntary corporate financial disclosure. Accounting Review 85 (4): 1131-1162.
4. Bansal P, Clelland I,. 2004. Talking trash: legitimacy, impression management, and unsystematic risk in the context of the natural environment. Academy of Management Journal 47 (1): 93-103. (Pubitemid 38422396)
5. Bansal P, Roth K,. 2000. Why companies go green: a model of ecological responsiveness. Academy of Management Journal 43 (4): 717-736.
6. Bantel KA, Jackson SE,. 1989. Top management and innovations in banking: does the composition of the top team make a difference? Strategic Management Journal, Summer Special Issue 10: 107-124.
7. Barker VL, Mueller GC,. 2002. CEO characteristics and firm R&D spending. Management Science 48 (6): 782-801. (Pubitemid 34799261)
8. Barth ME, McNichols MF, Wilson GP,. 1997. Factors influencing firms' disclosures about environmental liabilities. Review of Accounting Studies 2 (1): 35-64.
9. Bertrand M, Schoar A,. 2003. Managing with style: the effect of managers on firm policies. Quarterly Journal of Economics 118 (4): 1169-1208. (Pubitemid 37445863)
10. Blacconiere WG, Patten DM,. 1994. Environmental disclosures, regulatory costs, and changes in firm value. Journal of Accounting and Economics 18 (3): 357-377.
11. Chatterji AK, Toffel MW,. 2010. How firms respond to being rated. Strategic Management Journal 31 (9): 917-945.
12. Cho CH, Patten DM,. 2007. The role of environmental disclosures as tools of legitimacy: a research note. Accounting, Organizations and Society 32 (7/8): 639-647.
13. Christmann P,. 2000. Effects of 'best practices' of environmental management on cost advantage: the role of complementary assets. Academy of Management Journal 43 (4): 663-680.
14. Christmann P, Taylor G,. 2001. Globalization and the environment: determinants of firm self-regulation in China. Journal of International Business Studies 32 (3): 439-458.
15. Clarkson PM, Li Y, Richardson GD, Vasvari FP,. 2008. Revisiting the relation between environmental performance and environmental disclosure: an empirical analysis. Accounting, Organizations and Society 33 (4/5): 303-327.
16. Cordano M, Frieze IH,. 2000. Pollution reduction preferences of U.S. environmental managers: applying Ajzen's theory of planned behavior. Academy of Management Journal 43 (4): 627-641.
17. Cormier D, Magnan M,. 1997. Investors' assessment of implicit environmental liabilities: an empirical investigation. Journal of Accounting and Public Policy 16 (2): 215-241. (Pubitemid 127166854)
18. Delmas MA, Toffel MW,. 2008. Organizational responses to environmental demands: opening the black box. Strategic Management Journal 29 (10): 1027-1055.
19. Delmas MA, Toffel MW,. 2012. Institutional pressures and organizational characteristics: implications for environmental strategy. In Oxford Handbook of Business and the Environment, Hoffman AJ, Bansal P, (eds). Oxford University Press: New York.
20. Doshi AR, Dowell GWS, Toffel MW,. 2011. How firms respond to mandatory information disclosure. Harvard Business School, Harvard University, Boston, MA: Working paper.
21. Eesley C, Lenox MJ,. 2006. Firm responses to secondary stakeholder action. Strategic Management Journal 27 (8): 765-781. (Pubitemid 44090680)
22. Egri CP, Herman S,. 2000. Leadership in the North American environmental sector: values, leadership styles, and contexts of environmental leaders and their organizations. Academy of Management Journal 43 (4): 571-604.
23. Felicelli M,. 2008. 2008 Route to the Top. Chicago, IL: SpencerStuart.
24. Finkelstein S, D'Aveni RA,. 1994. CEO duality as a double-edged sword: how boards of directors balance entrenchment avoidance and unity of command. Academy of Management Journal 37 (5): 1079-1108.
25. Finkelstein S, Hambrick DC,. 1990. Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion. Administrative Science Quarterly 35 (3): 484-503.
26. Finkelstein S, Hambrick DC, Cannella AA,. 2009. Strategic Leadership: Theory and Research on Executives, Top Management Teams, and Boards. Oxford University Press: New York.
27. France M, Lavelle L., 2004. A compelling case for lawyer-CEOs. Available at: http://www.businessweek.com/stories/2004-12-12/a-compelling-case-for-lawyer- ceos (accessed 31 March 2013).
28. Fung A, Graham M, Weil D,. 2007. Full Disclosure: The Perils and Promise of Transparency. Cambridge University Press: New York.
29. Gabarro JJ,. 1987. The Dynamics of Taking Charge. Harvard Business School Press: Boston, MA.
30. Geletkanycz MA, Black SS,. 2001. Bound by the past? Experience-based effects on commitment to the strategic status quo. Journal of Management 27 (1): 3-21. (Pubitemid 33625953)
31. George E, Chattopadhyay P, Sitkin SB, Barden J,. 2006. Cognitive underpinnings of institutional persistence and change: a framing perspective. Academy of Management Review 31 (2): 347-365. (Pubitemid 43681001)
32. Godfrey PC, Merrill CB, Hansen JM,. 2009. The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis. Strategic Management Journal 30 (4): 425-445.
33. Graham JR, Harvey CR,. 2001. The theory and practice of corporate finance: evidence from the field. Journal of Financial Economics 60 (2/3): 187-243. (Pubitemid 33623432)
34. Grimm CM, Smith KG,. 1991. Management and organizational change: a note on the railroad industry. Strategic Management Journal 12 (7): 557-562.
35. Hambrick DC, Fukutomi GDS,. 1991. The seasons of a CEO's tenure. Academy of Management Review 16 (4): 719-742.
36. Hambrick DC, Geletkanycz MA, Fredrickson JW,. 1993. Top executive commitment to the status quo: some tests of its determinants. Strategic Management Journal 14 (6): 401-418.
37. Hambrick DC, Mason PA,. 1984. Upper echelons: the organization as a reflection of its top managers. Academy of Management Review 9 (2): 193-206.
38. Hart SL,. 1995. A natural resource-based view of the firm. Academy of Management Review 20 (4): 986-1014.
39. Hoffman AJ,. 1999. Institutional evolution and change: environmentalism and the U.S. chemical industry. Academy of Management Journal 42 (4): 351-371.
40. Hoffman AJ,. 2001. From Heresy to Dogma: An Institutional History of Corporate Environmentalism. Stanford University Press: Palo Alto, CA.
41. Keeney RL,. 1992. Value-Focused Thinking: A Path to Creative Decision Making. Harvard University Press: Cambridge, MA.
42. Kim EH, Lyon TP,. 2011. Strategic environmental disclosure: evidence from the DOE's voluntary greenhouse gas registry. Journal of Environmental Economics and Management 61 (3): 311-326.
43. Langevoort DC, Rasmussen RK,. 1996. Skewing the results: the role of lawyers in transmitting legal rules. Southern California Interdisciplinary Law Journal 5 (1): 375-440.
44. Li Y, Richardson GD, Thornton DB,. 1997. Corporate disclosure of environmental liability information: theory and evidence. Contemporary Accounting Research 14 (3): 435-474. (Pubitemid 127531766)
45. Lounsbury M,. 2001. Institutional sources of practice variation: staffing college and university recycling programs. Administrative Science Quarterly 46 (1): 29-56.
46. Lyon TP, Maxwell JW,. 2011. Greenwash: corporate environmental disclosure under threat of audit. Journal of Economics & Management Strategy 20 (1): 3-41.
47. Miller D,. 1991. Stale in the saddle: CEO tenure and the match between organization and environment. Management Science 37 (1): 34-52.
48. Miller D, Shamsie J,. 2001. Learning across the life cycle: experimentation and performance among the Hollywood studio heads. Strategic Management Journal 22 (8): 725-745. (Pubitemid 33612467)
49. Norburn D,. 1989. The chief executive: a breed apart. Strategic Management Journal 10 (1): 1-15.
50. Oliver C,. 1991. Strategic responses to institutional processes. Academy of Management Review 16 (1): 145-179.
51. Patten DM,. 1992. Intra-industry environmental disclosures in response to the Alaskan oil spill: a note on legitimacy theory. Accounting, Organizations and Society 17 (5): 471-475.
52. Reid EM, Toffel MW,. 2009. Responding to public and private politics: corporate disclosure of climate change strategies. Strategic Management Journal 30 (11): 1157-1178.
53. Sharma S,. 2000. Managerial interpretations and organizational context as predictors of corporate choice of environmental strategy. Academy of Management Journal 43 (4): 681-697.
54. Sharma S, Pablo AL, Vredenburg H,. 1999. Corporate environmental responsiveness strategies. Journal of Applied Behavioral Science 35 (1): 87-108.
55. Slater DJ, Dixon-Fowler HR,. 2010. The future of the planet in the hands of MBAs: an examination of CEO MBA education and corporate environmental performance. Academy of Management Learning and Education 9 (3): 429-441.
56. Verrecchia RE,. 1983. Discretionary disclosure. Journal of Accounting and Economics 5: 179-194.
57. Waddock S,. 2003. Myths and realities of social investing. Organization & Environment 16 (3): 369-380. (Pubitemid 37172152)
58. Walls JL, Hoffman AJ,. 2013. Exceptional boards: environmental experience and positive deviance from institutional norms. Journal of Organizational Behavior 34: 253-271.
59. Wally S, Baum JR,. 1994. Personal and structural determinants of the pace of strategic decision making. Academy of Management Journal 37 (4): 932-956.
60. Weber K, Rao H, Thomas LG,. 2009. From streets to suites: how the anti-biotech movement affected German pharmaceutical firms. American Sociological Review 74 (1): 106-127.
61. Westphal JD, Zajac EJ,. 1995. Who shall govern? CEO/board power, demographic similarity, and new director selection. Administrative Science Quarterly 40 (1): 60-83.