Abstract

http://ssrn.com/abstract=2063838
 


 



Difference in Degrees: CEO Characteristics and Firm Responses to Pressures for Disclosure


Ben W. Lewis


Brigham Young University

Judith Walls


Nanyang Technological University (NTU)

Glen Dowell


Cornell University - Johnson Graduate School of Management

May 21, 2012


Abstract:     
We contribute to the literature on firms' response to institutional pressures and environmental information disclosure. We hypothesize that CEO characteristics will influence firms' likelihood of acquiescing to pressures to disclose environmental information, and that acquiescence, in turn, will affect subsequent environmental performance. We test our hypotheses by examining firms' responses to the Carbon Disclosure Project (CDP) and find that firms led by newly appointed CEOs and CEOs with MBA degrees are more likely to respond to the CDP while those led by lawyers are less likely to respond. We also find the interaction of acquiescence and CEO characteristics to be associated with subsequent improvement in greenhouse gas emissions. Our results have implications for research on strategic response to institutional pressures and corporate environmental performance.

Number of Pages in PDF File: 56

Keywords: Institutional Theory, Voluntary Disclosure, Environmental Performance, CEO Characteristics, Sustainability

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Date posted: May 22, 2012  

Suggested Citation

Lewis, Ben W. and Walls, Judith and Dowell, Glen, Difference in Degrees: CEO Characteristics and Firm Responses to Pressures for Disclosure (May 21, 2012). Available at SSRN: http://ssrn.com/abstract=2063838 or http://dx.doi.org/10.2139/ssrn.2063838

Contact Information

Ben W. Lewis (Contact Author)
Brigham Young University ( email )
565 TNRB
Provo, UT 84602
United States
(801) 422-2308 (Phone)
Judith Walls
Nanyang Technological University (NTU) ( email )
S3 B2-A28 Nanyang Avenue
Singapore, 639798
Singapore
Glen Dowell
Cornell University - Johnson Graduate School of Management ( email )
Ithaca, NY 14853
United States
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