TY - JOUR
T1 - The natural environmental strategies of international firms
T2 - Old controversies and new evidence on performance and disclosure
AU - Aragón-Correa, J. Alberto
AU - Marcus, Alfred
AU - Hurtado-Torres, Nuria
N1 - Publisher Copyright:
© Academy of Management Perspectives.
PY - 2016/2/1
Y1 - 2016/2/1
N2 - Previous academic and popular literature has raised important debates concerning the contradictory incentives for international firms to reduce their environmental impacts and offer transparent environmental information about their operations. As an exhaustive review of this literature revealed mixed and partial evidence, we compared the individual corporate environmental performance and disclosure of the 100 most international nonfinancial firms in the world to those of 16,023 firms in their industries and a group of selected firms similar to those in the group of the 100 most international in our sample. Our results show that although the top international firms have a much better record of environmental disclosure than the firms within their industries and the matched pairs, the top international firms actually show worse environmental performance than their peers. The results suggest that the top international firms seek legitimation for their environmental activities by means of voluntary disclosure.
AB - Previous academic and popular literature has raised important debates concerning the contradictory incentives for international firms to reduce their environmental impacts and offer transparent environmental information about their operations. As an exhaustive review of this literature revealed mixed and partial evidence, we compared the individual corporate environmental performance and disclosure of the 100 most international nonfinancial firms in the world to those of 16,023 firms in their industries and a group of selected firms similar to those in the group of the 100 most international in our sample. Our results show that although the top international firms have a much better record of environmental disclosure than the firms within their industries and the matched pairs, the top international firms actually show worse environmental performance than their peers. The results suggest that the top international firms seek legitimation for their environmental activities by means of voluntary disclosure.
UR - http://www.scopus.com/inward/record.url?scp=84960911509&partnerID=8YFLogxK
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U2 - 10.5465/amp.2014.0043
DO - 10.5465/amp.2014.0043
M3 - Article
AN - SCOPUS:84960911509
SN - 1558-9080
VL - 30
SP - 24
EP - 39
JO - Academy of Management Perspectives
JF - Academy of Management Perspectives
IS - 1
ER -