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Journal of Business Ethics

Erschienen in:

11.10.2015

The Power of One to Make a Difference: How Informal and Formal CEO Power Affect Environmental Sustainability

verfasst von: Judith L. Walls, Pascual Berrone

Erschienen in: Journal of Business Ethics | Ausgabe 2/2017

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Abstract

We theoretically discuss and empirically show how CEO power based on environmental expertise and formal influence over executives and directors, in the absence and presence of shareholder activism, spurs firms toward greener strategies. Our results support the idea that CEOs with informal power, grounded in expertise, reduce corporate environmental impact and this relationship is amplified when the CEO also enjoys formal power over the board of directors. Additionally, we found that any source of CEO power, whether informal or formal, is a good catalyst for transforming shareholder activism into corporate greening. However, in the absence of such activism, only CEOs’ informal environmental expert power acts as a determinant of firm environmental performance.

Vorheriger Artikel Community Characteristics and Changes in Toxic Chemical Releases: Does Information Disclosure Affect Environmental Injustice?

Nächster Artikel Green Innovation and Performance: The View of Organizational Capability and Social Reciprocity

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Titel: The Power of One to Make a Difference: How Informal and Formal CEO Power Affect Environmental Sustainability
verfasst von: Judith L. Walls
Pascual Berrone
Publikationsdatum: 11.10.2015
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 2/2017
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-015-2902-z

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