Internet usage has exploded over the past decade and the medium is now being suggested as a potentially powerful tool for disclosing environmental information and increasing corporate accountability. This study, grounded in legitimacy theory, argues that such a view may be overly optimistic....

Firms embrace environmental management strategies for a number of reasons. Government regulation pushes firms to comply with environmental standards, thereby creating a need for companies to manage environmental performance outcomes. Pressure for good environmental performance is also exerted by...

We investigate the state of environmental financial reporting since the increased regulation imposed by the Securities and Exchange Commission and other regulatory bodies during the 1990s by examining mandatory environmental disclosures for a sample of petroleum firms. Our results indicate that...

The problem of intentional environmental harms is discussed as the combined consequence of limited liability laws and specific capital structures. When the conditions are “right”, then the option of planned liquidation is optimal for certain types of firms. These firms are typified by...

Algorithmic models specifying the kinds of computations carried out by economic organizations have the potential to account for the serious discrepancies between the real-world behavior of firms and the predictions of conventional maximization models. The algorithmic approach uncovers a...

Measures of corporate environmental performance need to be objective, accurate, and reliable in order to meet the objectives of the stakeholders interested in this information. This study examines one widely used measure of corporate environmental performance: the citations issued by the...

We compare differences in performance for samples of firms classified as good, average, and poor environmental performers by the Council for Economic Priorities. Test results suggest that both environmentally “good” and “average” firms significantly outperform environmentally “poor”...

This chapter analyzes the strategic responses by U.S. and European multinational enterprises (MNEs) in the oil and automobile industries to the global climate change issue. We examine and attempt to explain the differences across regions, across industries, and the changes over time. Traditional...

Globalization increases concerns about national governments’ ability to regulate firms’ environmental conduct because firms can avoid complying with stringent environmental regulations by locating polluting operations in countries with low regulations. Business self-regulation is...