期刊
JOURNAL OF MANAGEMENT STUDIES
卷 49, 期 3, 页码 492-514出版社
WILEY
DOI: 10.1111/j.1467-6486.2010.00993.x
关键词
agency theory; corporate environmental performance; corporate governance; environmental stakeholders
We build on a stakeholderagency theoretical perspective to explore the impact of particular corporate governance mechanisms on firm environmental performance. Our empirical evidence shows that several important corporate governance mechanisms such as the board of directors, managerial incentives, the market for corporate control, and the legal and regulatory system determine firms' environmental performance levels. These results suggest that these different governance mechanisms resolve, to some extent, the existing divergence of interests between stakeholders and managers with respect to environmental activities.
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