Environmental Capabilities and Corporate Strategy: Exploring Acquisitions Among US Manufacturing Firms
45 Pages Posted: 25 Aug 2011
Date Written: August 24, 2011
Abstract
In this article, we investigate whether environmental capabilities influence firms’ corporate strategies, a topic that has received little attention to date. We hypothesize that firms are more likely to acquire facilities when ownership facilitates the transfer of capabilities either to or from the facility. Using a panel from the US government’s Toxics Release Inventory program, we find firms with superior environmental capabilities are significantly more likely to acquire physically proximate facilities with inferior environmental capabilities and vice versa. Our results extend theories of both corporate and environmental strategy.
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
How Well Do Social Ratings Actually Measure Corporate Social Responsibility?
By Aaron Chatterji, David I. Levine, ...
-
How Well Do Social Ratings Actually Measure Corporate Social Responsibility?
By Aaron Chatterji, David I. Levine, ...
-
Is Doing Good Good for You? How Corporate Charitable Contributions Enhance Revenue Growth
By Baruch Lev, Christine Petrovits, ...
-
Is Doing Good Good for You? Yes, Charitable Contributions Enhance Revenue Growth
By Baruch Lev and Christine Petrovits
-
Is Doing Good Good for You? Yes, Charitable Contributions Enhance Revenue Growth
By Baruch Lev
-
How Firms Respond to Being Rated
By Aaron Chatterji and Michael W. Toffel
-
By Heli C. Wang, Jaepil Choi, ...
-
Intentional Action and Side Effects in Ordinary Language
By Joshua Knobe