메뉴 건너뛰기




Volumn 27, Issue 7, 2018, Pages 1104-1116

Does it pay to be a greenwasher or a brownwasher?

Author keywords

environmental communications; environmental practices; financial performance; stakeholder engagement; sustainable development

Indexed keywords

COMMUNICATION; EMPIRICAL ANALYSIS; ENVIRONMENTAL ECONOMICS; FINANCE; STAKEHOLDER; SUSTAINABLE DEVELOPMENT;

EID: 85045083970     PISSN: 09644733     EISSN: 10990836     Source Type: Journal    
DOI: 10.1002/bse.2058     Document Type: Article
Times cited : (119)

References (87)
  • 1
    • 58249109340 scopus 로고    scopus 로고
    • Does it pay to be green? A systematic overview
    • Ambec, S., & Lanoie, P. (2008). Does it pay to be green? A systematic overview. Academy of Management Perspectives, 22(4), 45–62. https://doi.org/10.5465/AMP.2008.35590353
    • (2008) Academy of Management Perspectives , vol.22 , Issue.4 , pp. 45-62
    • Ambec, S.1    Lanoie, P.2
  • 2
    • 0037259516 scopus 로고    scopus 로고
    • A contingent resource-based view of proactive corporate environmental strategy
    • Aragon-Correa, J. A., & Sharma, S. (2003). A contingent resource-based view of proactive corporate environmental strategy. Academy of Management Review, 28(1), 71–88. https://doi.org/10.5465/AMR.2003.8925233
    • (2003) Academy of Management Review , vol.28 , Issue.1 , pp. 71-88
    • Aragon-Correa, J.A.1    Sharma, S.2
  • 4
    • 1842487478 scopus 로고    scopus 로고
    • Talking trash: Legitimacy, impression management, and unsystematic risk in the context of the natural environment
    • 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. https://doi.org/10.2307/20159562
    • (2004) Academy of Management Journal , vol.47 , Issue.1 , pp. 93-103
    • Bansal, P.1    Clelland, I.2
  • 5
    • 0034340136 scopus 로고    scopus 로고
    • Why companies go green: A model of ecological responsiveness
    • Bansal, P., & Roth, K. (2000). Why companies go green: A model of ecological responsiveness. Academy of Management Journal, 43(4), 717–736. https://doi.org/10.2307/1556363
    • (2000) Academy of Management Journal , vol.43 , Issue.4 , pp. 717-736
    • Bansal, P.1    Roth, K.2
  • 6
    • 34247842936 scopus 로고    scopus 로고
    • The effect of family control on firm value and performance: Evidence from continental Europe
    • Barontini, R., & Caprio, L. (2006). The effect of family control on firm value and performance: Evidence from continental Europe. European Financial Management, 12(5), 689–723. https://doi.org/10.1111/j.1468-036X.2006.00273.x
    • (2006) European Financial Management , vol.12 , Issue.5 , pp. 689-723
    • Barontini, R.1    Caprio, L.2
  • 9
    • 84939559397 scopus 로고    scopus 로고
    • Does greenwashing pay off? Understanding the relationship between environmental actions and environmental legitimacy
    • Berrone, P., Fosfuri, A., & Gelabert, L. (2017). Does greenwashing pay off? Understanding the relationship between environmental actions and environmental legitimacy. Journal of Business Ethics, 144(2), 363–379. https://doi.org/10.1007/s10551-015-2816-9
    • (2017) Journal of Business Ethics , vol.144 , Issue.2 , pp. 363-379
    • Berrone, P.1    Fosfuri, A.2    Gelabert, L.3
  • 12
    • 84902464039 scopus 로고    scopus 로고
    • Greenwashing in corporate environmentalism research and practice
    • Bowen, F., & Aragon-Correa, J. A. (2014). Greenwashing in corporate environmentalism research and practice. Organization and Environment, 27(2), 107–112. https://doi.org/10.1177/1086026614537078
    • (2014) Organization and Environment , vol.27 , Issue.2 , pp. 107-112
    • Bowen, F.1    Aragon-Correa, J.A.2
  • 13
    • 85047427230 scopus 로고    scopus 로고
    • Investor protection and CEO compensation in family firms
    • Bozzi, S., Barontini, R., & Miroshnychenko, I. (2017). Investor protection and CEO compensation in family firms. Corporate Ownership and Control, 14(2), 17–29. https://doi.org/10.22495/cocv14i2art2
    • (2017) Corporate Ownership and Control , vol.14 , Issue.2 , pp. 17-29
    • Bozzi, S.1    Barontini, R.2    Miroshnychenko, I.3
  • 14
    • 84856222121 scopus 로고    scopus 로고
    • Environmental management in SMEs in the UK: Practices, pressures and perceived benefits
    • Brammer, S., Hoejmose, S., & Marchant, K. (2012). Environmental management in SMEs in the UK: Practices, pressures and perceived benefits. Business Strategy and the Environment, 21(7), 423–434. https://doi.org/10.1002/bse.717
    • (2012) Business Strategy and the Environment , vol.21 , Issue.7 , pp. 423-434
    • Brammer, S.1    Hoejmose, S.2    Marchant, K.3
  • 15
    • 85041611213 scopus 로고    scopus 로고
    • Strategic silence: Withholding certification status as a hypocrisy avoidance tactic
    • Carlos, W. C., & Lewis, B. W. (2018). Strategic silence: Withholding certification status as a hypocrisy avoidance tactic. Administrative Science Quarterly, 63(1), 130–169. https://doi.org/10.1177/0001839217695089
    • (2018) Administrative Science Quarterly , vol.63 , Issue.1 , pp. 130-169
    • Carlos, W.C.1    Lewis, B.W.2
  • 16
    • 0034340122 scopus 로고    scopus 로고
    • Effects of “best practices” of environmental management on cost advantage: The role of complementary assets
    • 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. https://doi.org/10.2307/1556360
    • (2000) Academy of Management Journal , vol.43 , Issue.4 , pp. 663-680
    • Christmann, P.1
  • 17
    • 0033247585 scopus 로고    scopus 로고
    • An organizational learning framework: From intuition to institution
    • Crossan, M. M., Lane, H. W., & White, R. E. (1999). An organizational learning framework: From intuition to institution. Academy of Management Review, 24(3), 522–537. https://doi.org/10.5465/AMR.1999.2202135
    • (1999) Academy of Management Review , vol.24 , Issue.3 , pp. 522-537
    • Crossan, M.M.1    Lane, H.W.2    White, R.E.3
  • 18
    • 85017448458 scopus 로고    scopus 로고
    • Environmental managers and institutional work: Reconciling tensions of competing institutional logics
    • Dahlmann, F., & Grosvold, J. (2017). Environmental managers and institutional work: Reconciling tensions of competing institutional logics. Business Ethics Quarterly, 27(2), 263–291. https://doi.org/10.1017/beq.2016.65
    • (2017) Business Ethics Quarterly , vol.27 , Issue.2 , pp. 263-291
    • Dahlmann, F.1    Grosvold, J.2
  • 19
    • 84942364258 scopus 로고    scopus 로고
    • Being “green and competitive”: The impact of environmental actions and collaborations on firm performance
    • Dangelico, R. M., & Pontrandolfo, P. (2015). Being “green and competitive”: The impact of environmental actions and collaborations on firm performance. Business Strategy and the Environment, 24(6), 413–430. https://doi.org/10.1002/bse.1828
    • (2015) Business Strategy and the Environment , vol.24 , Issue.6 , pp. 413-430
    • Dangelico, R.M.1    Pontrandolfo, P.2
  • 20
    • 33746632457 scopus 로고    scopus 로고
    • Why firms mandate ISO 14001 Certification
    • Darnall, N. (2006). Why firms mandate ISO 14001 Certification. Business and Society, 45(3), 354–381. https://doi.org/10.1177/0007650306289387
    • (2006) Business and Society , vol.45 , Issue.3 , pp. 354-381
    • Darnall, N.1
  • 21
    • 38749134881 scopus 로고    scopus 로고
    • Environmental management systems and green supply chain management: Complements for sustainability?
    • Darnall, N., Jolley, G. J., & Handfield, R. (2008). Environmental management systems and green supply chain management: Complements for sustainability? Business Strategy and the Environment, 17(1), 30–45. https://doi.org/10.1002/bse.557
    • (2008) Business Strategy and the Environment , vol.17 , Issue.1 , pp. 30-45
    • Darnall, N.1    Jolley, G.J.2    Handfield, R.3
  • 22
    • 84897584510 scopus 로고    scopus 로고
    • The case study method in family business research: Guidelines for qualitative scholarship
    • De Massis, A., & Kotlar, J. (2014). The case study method in family business research: Guidelines for qualitative scholarship. Journal of Family Business Strategy, 5(1), 15–29. https://doi.org/10.1016/j.jfbs.2014.01.007
    • (2014) Journal of Family Business Strategy , vol.5 , Issue.1 , pp. 15-29
    • De Massis, A.1    Kotlar, J.2
  • 23
    • 84883782334 scopus 로고    scopus 로고
    • Untangling the relationships among growth, profitability and survival in new firms
    • Delmar, F., McKelvie, A., & Wennberg, K. (2013). Untangling the relationships among growth, profitability and survival in new firms. Technovation, 33(8–9), 276–291. https://doi.org/10.1016/j.technovation.2013.02.003
    • (2013) Technovation , vol.33 , Issue.8-9 , pp. 276-291
    • Delmar, F.1    McKelvie, A.2    Wennberg, K.3
  • 24
    • 3242885208 scopus 로고    scopus 로고
    • Stakeholders and environmental management practices: An institutional framework
    • Delmas, M., & Toffel, M. W. (2004). Stakeholders and environmental management practices: An institutional framework. Business Strategy and the Environment, 13(4), 209–222. https://doi.org/10.1002/bse.409
    • (2004) Business Strategy and the Environment , vol.13 , Issue.4 , pp. 209-222
    • Delmas, M.1    Toffel, M.W.2
  • 25
    • 84863311945 scopus 로고    scopus 로고
    • The drivers of greenwashing
    • Delmas, M. A., & Burbano, V. C. (2011). The drivers of greenwashing. California Management Review, 54(1), 64–87. https://doi.org/10.1525/cmr.2011.54.1.64
    • (2011) California Management Review , vol.54 , Issue.1 , pp. 64-87
    • Delmas, M.A.1    Burbano, V.C.2
  • 26
    • 84890862427 scopus 로고    scopus 로고
    • Eco-labeling strategies and price-premium: The wine industry puzzle
    • Delmas, M. A., & Grant, L. E. (2014). Eco-labeling strategies and price-premium: The wine industry puzzle. Business and Society, 53(1), 6–44. https://doi.org/10.1177/0007650310362254
    • (2014) Business and Society , vol.53 , Issue.1 , pp. 6-44
    • Delmas, M.A.1    Grant, L.E.2
  • 27
    • 85014798188 scopus 로고    scopus 로고
    • The quality of sustainability reports and impression management: A stakeholder perspective
    • Diouf, D., & Boiral, O. (2017). The quality of sustainability reports and impression management: A stakeholder perspective. Accounting, Auditing and Accountability Journal, 30(3), 643–667. https://doi.org/10.1108/AAAJ-04-2015-2044
    • (2017) Accounting, Auditing and Accountability Journal , vol.30 , Issue.3 , pp. 643-667
    • Diouf, D.1    Boiral, O.2
  • 28
    • 84897359134 scopus 로고    scopus 로고
    • How the market values greenwashing? Evidence from China
    • Du, X. (2015). How the market values greenwashing? Evidence from China. Journal of Business Ethics, 128(3), 547–574. https://doi.org/10.1007/s10551-014-2122-y
    • (2015) Journal of Business Ethics , vol.128 , Issue.3 , pp. 547-574
    • Du, X.1
  • 29
    • 34547782674 scopus 로고    scopus 로고
    • Effect of pollution control on corporate financial performance in a transition economy
    • Earnhart, D., & Lizal, L. (2007). Effect of pollution control on corporate financial performance in a transition economy. European Environment, 17(4), 247–266.
    • (2007) European Environment , vol.17 , Issue.4 , pp. 247-266
    • Earnhart, D.1    Lizal, L.2
  • 30
    • 85006715869 scopus 로고    scopus 로고
    • A tale of two stories: Sustainability and the quarterly earnings call
    • Eccles, R. G., & Serafeim, G. (2013). A tale of two stories: Sustainability and the quarterly earnings call. Journal of Applied Corporate Finance, 25(3), 8–19. https://doi.org/10.1111/jacf.12023
    • (2013) Journal of Applied Corporate Finance , vol.25 , Issue.3 , pp. 8-19
    • Eccles, R.G.1    Serafeim, G.2
  • 31
    • 84899544642 scopus 로고    scopus 로고
    • Nature of green advertisements in India: Are they greenwashed?
    • Fernando, A. G., Sivakumaran, B., & Suganthi, L. (2014). Nature of green advertisements in India: Are they greenwashed? Asian Journal of Communication, 24(3), 222–241. https://doi.org/10.1080/01292986.2014.885537
    • (2014) Asian Journal of Communication , vol.24 , Issue.3 , pp. 222-241
    • Fernando, A.G.1    Sivakumaran, B.2    Suganthi, L.3
  • 32
    • 80955137534 scopus 로고    scopus 로고
    • Voluntary corporate environmental initiatives and shareholder wealth
    • Fisher-Vanden, K., & Thorburn, K. S. (2011). Voluntary corporate environmental initiatives and shareholder wealth. Journal of Environmental Economics and Management, 62(3), 430–445. https://doi.org/10.1016/j.jeem.2011.04.003
    • (2011) Journal of Environmental Economics and Management , vol.62 , Issue.3 , pp. 430-445
    • Fisher-Vanden, K.1    Thorburn, K.S.2
  • 33
    • 84860219058 scopus 로고    scopus 로고
    • Research, development, and firm growth. Empirical evidence from European top R&D spending firms
    • García-Manjón, J. V., & Romero-Merino, M. E. (2012). Research, development, and firm growth. Empirical evidence from European top R&D spending firms. Research Policy, 41(6), 1084–1092. https://doi.org/10.1016/j.respol.2012.03.017
    • (2012) Research Policy , vol.41 , Issue.6 , pp. 1084-1092
    • García-Manjón, J.V.1    Romero-Merino, M.E.2
  • 34
    • 0034311397 scopus 로고    scopus 로고
    • The interrelationship between culture, capital structure, and performance: Evidence from European retailers
    • Gleason, K. C., Mathur, L. K., & Mathur, I. (2000). The interrelationship between culture, capital structure, and performance: Evidence from European retailers. Journal of Business Research, 50(2), 185–191. https://doi.org/10.1016/S0148-2963(99)00031-4
    • (2000) Journal of Business Research , vol.50 , Issue.2 , pp. 185-191
    • Gleason, K.C.1    Mathur, L.K.2    Mathur, I.3
  • 36
    • 9344224062 scopus 로고
    • A natural-resource-based view of the firm
    • Hart, S. L. (1995). A natural-resource-based view of the firm. Academy of Management Review, 20(4), 986–1014. https://doi.org/10.5465/AMR.1995.9512280033
    • (1995) Academy of Management Review , vol.20 , Issue.4 , pp. 986-1014
    • Hart, S.L.1
  • 37
    • 0030478892 scopus 로고    scopus 로고
    • Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance
    • Hart, S. L., & Ahuja, G. (1996). Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business Strategy and the Environment, 5(1), 30–37. https://doi.org/10.1002/(SICI)1099-0836(199603)5:1%3C30::AID-BSE38%3E3.0.CO;2-Q
    • (1996) Business Strategy and the Environment , vol.5 , Issue.1 , pp. 30-37
    • Hart, S.L.1    Ahuja, G.2
  • 38
    • 0038269808 scopus 로고    scopus 로고
    • Creating sustainable value
    • Hart, S. L., & Milstein, M. B. (2003). Creating sustainable value. Academy of Management Executive, 17(2), 56–67. https://doi.org/10.5465/AME.2003.10025194
    • (2003) Academy of Management Executive , vol.17 , Issue.2 , pp. 56-67
    • Hart, S.L.1    Milstein, M.B.2
  • 40
    • 78049231846 scopus 로고    scopus 로고
    • ISO 14001 Certification and financial performance: Selection-effect versus treatment-effect
    • Heras-Saizarbitoria, I., Molina-Azorín, J. F., & Dick, G. P. M. (2011). ISO 14001 Certification and financial performance: Selection-effect versus treatment-effect. Journal of Cleaner Production, 19(1), 1–12. https://doi.org/10.1016/j.jclepro.2010.09.002
    • (2011) Journal of Cleaner Production , vol.19 , Issue.1 , pp. 1-12
    • Heras-Saizarbitoria, I.1    Molina-Azorín, J.F.2    Dick, G.P.M.3
  • 41
    • 0033246727 scopus 로고    scopus 로고
    • Institutional evolution and change: Environmentalism and the U.S. chemical industry
    • Hoffman, A. J. (1999). Institutional evolution and change: Environmentalism and the U.S. chemical industry. Academy of Management Journal, 42(4), 351–371. https://doi.org/10.2307/257008
    • (1999) Academy of Management Journal , vol.42 , Issue.4 , pp. 351-371
    • Hoffman, A.J.1
  • 42
    • 84954514141 scopus 로고    scopus 로고
    • What drives substantive versus symbolic implementation of ISO 14001 in a time of economic crisis? Insights from Greek manufacturing companies
    • Iatridis, K., & Kesidou, E. (2016). What drives substantive versus symbolic implementation of ISO 14001 in a time of economic crisis? Insights from Greek manufacturing companies. Journal of Business Ethics, 1–19. https://doi.org/10.1007/s10551-016-3019-8
    • (2016) Journal of Business Ethics , pp. 1-19
    • Iatridis, K.1    Kesidou, E.2
  • 43
    • 84883398973 scopus 로고    scopus 로고
    • Archival data: Advantages and disadvantages for research in psychology
    • Jones, C. (2010). Archival data: Advantages and disadvantages for research in psychology. Social and Personality Psychology Compass, 4(11), 1008–1017. https://doi.org/10.1111/j.1751-9004.2010.00317.x
    • (2010) Social and Personality Psychology Compass , vol.4 , Issue.11 , pp. 1008-1017
    • Jones, C.1
  • 44
    • 85056975650 scopus 로고    scopus 로고
    • Paris, France, Paris School of Economics Working Paper
    • Karpf, A., & Mandel, A. (2017). Does it pay to be green?. Paris, France: Paris School of Economics Working Paper.
    • (2017) Does it pay to be green?
    • Karpf, A.1    Mandel, A.2
  • 45
    • 85042092058 scopus 로고    scopus 로고
    • Visuality as greenwashing: The case of BP and Deepwater Horizon
    • Kassinis, G., & Panayiotou, A. (2018). Visuality as greenwashing: The case of BP and Deepwater Horizon. Organization and Environment, 31(1), 25–47. https://doi.org/10.1177/1086026616687014
    • (2018) Organization and Environment , vol.31 , Issue.1 , pp. 25-47
    • Kassinis, G.1    Panayiotou, A.2
  • 46
    • 84930432422 scopus 로고    scopus 로고
    • Greenwash vs. brownwash: Exaggeration and undue modesty in corporate sustainability disclosure
    • Kim, E.-H., & Lyon, T. P. (2015). Greenwash vs. brownwash: Exaggeration and undue modesty in corporate sustainability disclosure. Organization Science, 26(3), 705–723. https://doi.org/10.1287/orsc.2014.0949
    • (2015) Organization Science , vol.26 , Issue.3 , pp. 705-723
    • Kim, E.-H.1    Lyon, T.P.2
  • 47
    • 0035659111 scopus 로고    scopus 로고
    • Does it really pay to be green? An empirical study of firm environmental and financial performance
    • King, A. A., & Lenox, M. J. (2001). Does it really pay to be green? An empirical study of firm environmental and financial performance. Journal of Industrial Ecology, 5(1), 105–116. https://doi.org/10.1162/108819801753358526
    • (2001) Journal of Industrial Ecology , vol.5 , Issue.1 , pp. 105-116
    • King, A.A.1    Lenox, M.J.2
  • 48
    • 84896464570 scopus 로고    scopus 로고
    • Corporate governance, value and performance of firms: New empirical results on convergence from a large international database
    • Krafft, J., Qu, Y., Quatraro, F., & Ravix, J. -L. (2014). Corporate governance, value and performance of firms: New empirical results on convergence from a large international database. Industrial and Corporate Change, 23(2), 361–397. https://doi.org/10.1093/icc/dtt007
    • (2014) Industrial and Corporate Change , vol.23 , Issue.2 , pp. 361-397
    • Krafft, J.1    Qu, Y.2    Quatraro, F.3    Ravix, J.L.4
  • 49
    • 84555186837 scopus 로고    scopus 로고
    • Information asymmetry, information precision, and the cost of capital
    • Lambert, R. A., Leuz, C., & Verrecchia, R. E. (2012). Information asymmetry, information precision, and the cost of capital. Review of Finance, 16(1), 1–29. https://doi.org/10.1093/rof/rfr014
    • (2012) Review of Finance , vol.16 , Issue.1 , pp. 1-29
    • Lambert, R.A.1    Leuz, C.2    Verrecchia, R.E.3
  • 50
    • 84940192811 scopus 로고    scopus 로고
    • Gray shades of green: causes and consequences of green skepticism
    • Leonidou, C. N., & Skarmeas, D. (2017). Gray shades of green: causes and consequences of green skepticism. Journal of Business Ethics, 144(2), 401–415. https://doi.org/10.1007/s10551-015-2829-4
    • (2017) Journal of Business Ethics , vol.144 , Issue.2 , pp. 401-415
    • Leonidou, C.N.1    Skarmeas, D.2
  • 51
    • 84894696238 scopus 로고    scopus 로고
    • SMEs and the potential for A collaborative path to environmental responsibility
    • Lewis, K. V., Cassells, S., & Roxas, H. (2015). SMEs and the potential for A collaborative path to environmental responsibility. Business Strategy and the Environment, 24(8), 750–764. https://doi.org/10.1002/bse.1843
    • (2015) Business Strategy and the Environment , vol.24 , Issue.8 , pp. 750-764
    • Lewis, K.V.1    Cassells, S.2    Roxas, H.3
  • 52
    • 33750579470 scopus 로고    scopus 로고
    • Standardization and discretion: Does the environmental standard ISO 14001 lead to performance benefits?
    • Link, S., & Naveh, E. (2006). Standardization and discretion: Does the environmental standard ISO 14001 lead to performance benefits? IEEE Transactions on Engineering Management, 53(4), 508–519. https://doi.org/10.1109/TEM.2006.883704
    • (2006) IEEE Transactions on Engineering Management , vol.53 , Issue.4 , pp. 508-519
    • Link, S.1    Naveh, E.2
  • 53
    • 84880618576 scopus 로고    scopus 로고
    • How do investors respond to Green Company Awards in China?
    • Lyon, T. P., Lu, Y., Shi, X., & Yin, Q. (2013). How do investors respond to Green Company Awards in China? Ecological Economics, 94, 1–8. https://doi.org/10.1016/j.ecolecon.2013.06.020
    • (2013) Ecological Economics , vol.94 , pp. 1-8
    • Lyon, T.P.1    Lu, Y.2    Shi, X.3    Yin, Q.4
  • 54
    • 79951968751 scopus 로고    scopus 로고
    • Greenwash: Corporate environmental disclosure under threat of audit
    • Lyon, T. P., & Maxwell, J. W. (2011). Greenwash: Corporate environmental disclosure under threat of audit. Journal of Economics and Management Strategy, 20(1), 3–41. https://doi.org/10.1111/j.1530-9134.2010.00282.x
    • (2011) Journal of Economics and Management Strategy , vol.20 , Issue.1 , pp. 3-41
    • Lyon, T.P.1    Maxwell, J.W.2
  • 55
    • 84936772105 scopus 로고    scopus 로고
    • The means and end of greenwash
    • Lyon, T. P., & Montgomery, A. W. (2015). The means and end of greenwash. Organization and Environment, 28(2), 223–249. https://doi.org/10.1177/1086026615575332
    • (2015) Organization and Environment , vol.28 , Issue.2 , pp. 223-249
    • Lyon, T.P.1    Montgomery, A.W.2
  • 56
    • 33646510507 scopus 로고    scopus 로고
    • Reflections on the efficient market hypothesis: 30 years later
    • Malkiel, B. G. (2005). Reflections on the efficient market hypothesis: 30 years later. Financial Review, 40(1), 1–9. https://doi.org/10.1111/j.0732-8516.2005.00090.x
    • (2005) Financial Review , vol.40 , Issue.1 , pp. 1-9
    • Malkiel, B.G.1
  • 57
    • 84963555152 scopus 로고    scopus 로고
    • Scrutiny, norms, and selective disclosure: A global study of greenwashing
    • Marquis, C., Toffel, M. W., & Zhou, Y. (2016). Scrutiny, norms, and selective disclosure: A global study of greenwashing. Organization Science, 27(2), 483–504. https://doi.org/10.1287/orsc.2015.1039
    • (2016) Organization Science , vol.27 , Issue.2 , pp. 483-504
    • Marquis, C.1    Toffel, M.W.2    Zhou, Y.3
  • 58
    • 0000057597 scopus 로고
    • Institutionalized organizations: Formal structure as myth and ceremony
    • Meyer, J. W., & Rowan, B. (1977). Institutionalized organizations: Formal structure as myth and ceremony. American Journal of Sociology, 83(2), 340–363. https://doi.org/10.1086/226550
    • (1977) American Journal of Sociology , vol.83 , Issue.2 , pp. 340-363
    • Meyer, J.W.1    Rowan, B.2
  • 59
    • 0037787791 scopus 로고    scopus 로고
    • Do persistent large cash reserves hinder performance?
    • Mikkelson, W. H., & Partch, M. M. (2003). Do persistent large cash reserves hinder performance? Journal of Financial and Quantitative Analysis, 38(2), 275–294. https://doi.org/10.2307/4126751
    • (2003) Journal of Financial and Quantitative Analysis , vol.38 , Issue.2 , pp. 275-294
    • Mikkelson, W.H.1    Partch, M.M.2
  • 60
    • 85056935674 scopus 로고    scopus 로고
    • Convergence of corporate governance and CSR: Ideological perspectives
    • (in press)., S. Boubaker, D. K. Nguyen, (Eds.),, Singapore, World Scientific Publishing
    • Miroshnychenko, I. (in press). Convergence of corporate governance and CSR: Ideological perspectives. In S. Boubaker, & D. K. Nguyen (Eds.), Ethics, ESG, and sustainable prosperity. Singapore: World Scientific Publishing.
    • Ethics, ESG, and sustainable prosperity
    • Miroshnychenko, I.1
  • 61
    • 85013630119 scopus 로고    scopus 로고
    • Green practices and financial performance: A global outlook
    • Miroshnychenko, I., Barontini, R., & Testa, F. (2017). Green practices and financial performance: A global outlook. Journal of Cleaner Production, 147, 340–351. https://doi.org/10.1016/j.jclepro.2017.01.058
    • (2017) Journal of Cleaner Production , vol.147 , pp. 340-351
    • Miroshnychenko, I.1    Barontini, R.2    Testa, F.3
  • 62
    • 85056982697 scopus 로고    scopus 로고
    • Corporate governance and environmental performance: A systematic overview
    • (in press)., S. Boubaker, D. K. Nguyen, (Eds.),, Singapore, World Scientific Publishing
    • Miroshnychenko, I., Barontini, R., & Testa, F. (in press). Corporate governance and environmental performance: A systematic overview. In S. Boubaker, & D. K. Nguyen (Eds.), Ethics, ESG, and sustainable prosperity. Singapore: World Scientific Publishing.
    • Ethics, ESG, and sustainable prosperity
    • Miroshnychenko, I.1    Barontini, R.2    Testa, F.3
  • 64
    • 41549084430 scopus 로고    scopus 로고
    • Corporate social responsibility communication: Stakeholder information, response and involvement strategies
    • Morsing, M., & Schultz, M. (2006). Corporate social responsibility communication: Stakeholder information, response and involvement strategies. Business Ethics: a European Review, 15(4), 323–338. https://doi.org/10.1111/j.1467-8608.2006.00460.x
    • (2006) Business Ethics: a European Review , vol.15 , Issue.4 , pp. 323-338
    • Morsing, M.1    Schultz, M.2
  • 65
    • 84886740131 scopus 로고    scopus 로고
    • Perceived greenwashing: The interactive effects of green advertising and corporate environmental performance on consumer reactions
    • Nyilasy, G., Gangadharbatla, H., & Paladino, A. (2014). Perceived greenwashing: The interactive effects of green advertising and corporate environmental performance on consumer reactions. Journal of Business Ethics, 125(4), 693–707. https://doi.org/10.1007/s10551-013-1944-3
    • (2014) Journal of Business Ethics , vol.125 , Issue.4 , pp. 693-707
    • Nyilasy, G.1    Gangadharbatla, H.2    Paladino, A.3
  • 66
    • 34548599794 scopus 로고    scopus 로고
    • A caution regarding rules of thumb for variance inflation factors
    • O'Brien, R. M. (2007). A caution regarding rules of thumb for variance inflation factors. Quality and Quantity, 41(5), 673–690. https://doi.org/10.1007/s11135-006-9018-6
    • (2007) Quality and Quantity , vol.41 , Issue.5 , pp. 673-690
    • O'Brien, R.M.1
  • 67
    • 84993839712 scopus 로고
    • Financial distress and corporate performance
    • Opler, T. C., & Titman, S. (1994). Financial distress and corporate performance. Journal of Finance, 49(3), 1015–1040. https://doi.org/10.1111/j.1540-6261.1994.tb00086.x
    • (1994) Journal of Finance , vol.49 , Issue.3 , pp. 1015-1040
    • Opler, T.C.1    Titman, S.2
  • 68
    • 84888609701 scopus 로고    scopus 로고
    • Corporate social responsibility, noise, and stock market volatility
    • Orlitzky, M. (2013). Corporate social responsibility, noise, and stock market volatility. Academy of Management Perspectives, 27(3), 238–254. https://doi.org/10.5465/amp.2012.0097
    • (2013) Academy of Management Perspectives , vol.27 , Issue.3 , pp. 238-254
    • Orlitzky, M.1
  • 69
    • 77953352743 scopus 로고    scopus 로고
    • When worlds collide: The internal dynamics of organizational responses to conflicting institutional demands
    • Pache, A. C., & Santos, F. (2010). When worlds collide: The internal dynamics of organizational responses to conflicting institutional demands. Academy of Management Review, 35(3), 455–476. https://doi.org/10.5465/AMR.2010.51142368
    • (2010) Academy of Management Review , vol.35 , Issue.3 , pp. 455-476
    • Pache, A.C.1    Santos, F.2
  • 70
    • 1342264807 scopus 로고    scopus 로고
    • Determinants of market reactions to restatement announcements
    • Palmrose, Z. V., Richardson, V. J., & Scholz, S. (2004). Determinants of market reactions to restatement announcements. Journal of Accounting and Economics, 37(1), 59–89. https://doi.org/10.1016/j.jacceco.2003.06.003
    • (2004) Journal of Accounting and Economics , vol.37 , Issue.1 , pp. 59-89
    • Palmrose, Z.V.1    Richardson, V.J.2    Scholz, S.3
  • 71
    • 84892702170 scopus 로고    scopus 로고
    • Estimating standard errors in finance panel data sets: Comparing approaches
    • Petersen, M. A. (2009). Estimating standard errors in finance panel data sets: Comparing approaches. Review of Financial Studies, 22(1), 435–480. https://doi.org/10.1093/rfs/hhn053
    • (2009) Review of Financial Studies , vol.22 , Issue.1 , pp. 435-480
    • Petersen, M.A.1
  • 72
    • 0000259681 scopus 로고
    • Green and competitive: Ending the stalemate
    • Porter, M. E., & van der Linde, C. (1995). Green and competitive: Ending the stalemate. Harvard Business Review, 73, 120–134.
    • (1995) Harvard Business Review , vol.73 , pp. 120-134
    • Porter, M.E.1    van der Linde, C.2
  • 73
    • 28844492651 scopus 로고    scopus 로고
    • When are corporate environmental policies a form of greenwashing?
    • Ramus, C. A., & Montiel, I. (2005). When are corporate environmental policies a form of greenwashing? Business and Society, 44(4), 377–414. https://doi.org/10.1177/0007650305278120
    • (2005) Business and Society , vol.44 , Issue.4 , pp. 377-414
    • Ramus, C.A.1    Montiel, I.2
  • 74
    • 0031510753 scopus 로고    scopus 로고
    • A resource-based perspective on corporate environmental performance and profitability
    • Russo, M. V., & Fouts, P. A. (1997). A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal, 40(3), 534–559. https://doi.org/10.2307/257052
    • (1997) Academy of Management Journal , vol.40 , Issue.3 , pp. 534-559
    • Russo, M.V.1    Fouts, P.A.2
  • 75
    • 34748834731 scopus 로고    scopus 로고
    • A meta-analytic vision of the effect of ownership structure on firm performance
    • Sánchez-Ballesta, J. P., & García-Meca, E. (2007). A meta-analytic vision of the effect of ownership structure on firm performance. Corporate Governance: An International Review, 15(5), 879–892. https://doi.org/10.1111/j.1467-8683.2007.00604.x
    • (2007) Corporate Governance: An International Review , vol.15 , Issue.5 , pp. 879-892
    • Sánchez-Ballesta, J.P.1    García-Meca, E.2
  • 76
    • 84939839238 scopus 로고    scopus 로고
    • Walk the talk? How symbolic and substantive CSR actions affect firm performance depending on stakeholder proximity
    • Schons, L., & Steinmeier, M. (2016). Walk the talk? How symbolic and substantive CSR actions affect firm performance depending on stakeholder proximity. Corporate Social Responsibility and Environmental Management, 23(6), 358–372. https://doi.org/10.1002/csr.1381
    • (2016) Corporate Social Responsibility and Environmental Management , vol.23 , Issue.6 , pp. 358-372
    • Schons, L.1    Steinmeier, M.2
  • 77
    • 84947983484 scopus 로고    scopus 로고
    • Greenwashing revisited: In search of a typology and accusation-based definition incorporating legitimacy strategies
    • Seele, P., & Gatti, L. (2017). Greenwashing revisited: In search of a typology and accusation-based definition incorporating legitimacy strategies. Business Strategy and the Environment, 26(2), 239–252. https://doi.org/10.1002/bse.1912
    • (2017) Business Strategy and the Environment , vol.26 , Issue.2 , pp. 239-252
    • Seele, P.1    Gatti, L.2
  • 78
    • 2442649986 scopus 로고    scopus 로고
    • Environmental responsibility in SMEs: Does it deliver competitive advantage?
    • Simpson, M., Taylor, N., & Barker, K. (2004). Environmental responsibility in SMEs: Does it deliver competitive advantage? Business Strategy and the Environment, 13(3), 156–171. https://doi.org/10.1002/bse.398
    • (2004) Business Strategy and the Environment , vol.13 , Issue.3 , pp. 156-171
    • Simpson, M.1    Taylor, N.2    Barker, K.3
  • 79
    • 84899916117 scopus 로고    scopus 로고
    • Volunteer tourism, greenwashing and understanding responsible marketing using market signalling theory
    • Smith, V. L., & Font, X. (2014). Volunteer tourism, greenwashing and understanding responsible marketing using market signalling theory. Journal of Sustainable Tourism, 22(6), 942–963. https://doi.org/10.1080/09669582.2013.871021
    • (2014) Journal of Sustainable Tourism , vol.22 , Issue.6 , pp. 942-963
    • Smith, V.L.1    Font, X.2
  • 81
    • 84947805542 scopus 로고    scopus 로고
    • Internalization of environmental practices and institutional complexity: Can stakeholders pressures encourage greenwashing?
    • Testa, F., Boiral, O., & Iraldo, F. (2018). Internalization of environmental practices and institutional complexity: Can stakeholders pressures encourage greenwashing? Journal of Business Ethics, 147(2), 287–307. https://doi.org/10.1007/s10551-015-2960-2
    • (2018) Journal of Business Ethics , vol.147 , Issue.2 , pp. 287-307
    • Testa, F.1    Boiral, O.2    Iraldo, F.3
  • 82
    • 77955230169 scopus 로고    scopus 로고
    • Shadows and lights of GSCM (green supply chain management): Determinants and effects of these practices based on a multi-national study
    • Testa, F., & Iraldo, F. (2010). Shadows and lights of GSCM (green supply chain management): Determinants and effects of these practices based on a multi-national study. Journal of Cleaner Production, 18(10–11), 953–962. https://doi.org/10.1016/j.jclepro.2010.03.005
    • (2010) Journal of Cleaner Production , vol.18 , Issue.10-11 , pp. 953-962
    • Testa, F.1    Iraldo, F.2
  • 83
    • 85042112717 scopus 로고    scopus 로고
    • The effectiveness of EMAS as a management tool: A key role for the internalization of environmental practices
    • Testa, F., Iraldo, F., & Daddi, T. (2018). The effectiveness of EMAS as a management tool: A key role for the internalization of environmental practices. Organization and Environment, 31(1), 48–69. https://doi.org/10.1177/1086026616687609
    • (2018) Organization and Environment , vol.31 , Issue.1 , pp. 48-69
    • Testa, F.1    Iraldo, F.2    Daddi, T.3
  • 84
    • 84928304071 scopus 로고    scopus 로고
    • Why eco-labels can be effective marketing tools: Evidence from a study on Italian consumers
    • Testa, F., Iraldo, F., Vaccari, A., & Ferrari, E. (2015). Why eco-labels can be effective marketing tools: Evidence from a study on Italian consumers. Business Strategy and the Environment, 24(4), 252–265. https://doi.org/10.1002/bse.1821
    • (2015) Business Strategy and the Environment , vol.24 , Issue.4 , pp. 252-265
    • Testa, F.1    Iraldo, F.2    Vaccari, A.3    Ferrari, E.4
  • 85
    • 84865438804 scopus 로고    scopus 로고
    • The harm of symbolic actions and green-washing: Corporate actions and communications on environmental performance and their financial implications
    • Walker, K., & Wan, F. (2012). The harm of symbolic actions and green-washing: Corporate actions and communications on environmental performance and their financial implications. Journal of Business Ethics, 109(2), 227–242. https://doi.org/10.1007/s10551-011-1122-4
    • (2012) Journal of Business Ethics , vol.109 , Issue.2 , pp. 227-242
    • Walker, K.1    Wan, F.2
  • 86
    • 23744440303 scopus 로고    scopus 로고
    • Impact of environmental management system implementation on financial performance: A comparison of two corporate strategies
    • Watson, K., Klingenberg, B., Polito, T., & Geurts, T. G. (2004). Impact of environmental management system implementation on financial performance: A comparison of two corporate strategies. Management of Environmental Quality: an International Journal, 15(6), 622–628. https://doi.org/10.1108/14777830410560700
    • (2004) Management of Environmental Quality: an International Journal , vol.15 , Issue.6 , pp. 622-628
    • Watson, K.1    Klingenberg, B.2    Polito, T.3    Geurts, T.G.4
  • 87
    • 84992202396 scopus 로고    scopus 로고
    • Sustaining competitive advantage through corporate environmental performance
    • Yadav, P. L., Han, S. H., & Kim, H. (2017). Sustaining competitive advantage through corporate environmental performance. Business Strategy and the Environment, 26(3), 345–357. https://doi.org/10.1002/bs
    • (2017) Business Strategy and the Environment , vol.26 , Issue.3 , pp. 345-357
    • Yadav, P.L.1    Han, S.H.2    Kim, H.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.