Journal ArticleDOI
Talking Trash: Legitimacy, Impression Management, and Unsystematic Risk in the Context of the Natural Environment
Pratima Bansal,Iain J. Clelland +1 more
TLDR
In this paper, the authors argue that firms with low environmental legitimacy incur less unsystematic stock market risk than illegitimate firms and that firms earn environmental legitimacy when their performance with respect to the natural environment conforms to stakeholders' expectations.Abstract:
Applying institutional theory, we argue that environmentally legitimate firms incur less unsystematic stock market risk than illegitimate firms. Firms earn environmental legitimacy when their performance with respect to the natural environment conforms to stakeholders' expectations. This relationship was supported with the analysis of media reports and stock prices of 100 firms over a five-year period. The analysis also showed that firms with low environmental legitimacy can attenuate this effect by expressing commitment to the natural environment.read more
Citations
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What We Know and Don't Know About Corporate Social Responsibility: A Review and Research Agenda
Herman Aguinis,Ante Glavas +1 more
TL;DR: In this article, the authors review the corporate social responsibility literature based on 588 journal articles and 102 books and book chapters and offer a multilevel and multidisciplinary theoretical framework that synthesizes and integrates the literature at the institutional, organizational, and individual levels of analysis.
Journal ArticleDOI
Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations
TL;DR: In this article, a multilevel theoretical model is proposed to understand why business organizations are increasingly engaging in corporate social responsibility (CSR) initiatives and thereby exhibiting the potential to exert positive social change.
Journal ArticleDOI
Evolving sustainably: a longitudinal study of corporate sustainable development
TL;DR: In this article, a study of Canadian firms in the oil and gas, mining, and forestry industries from 1986 to 1995 showed that both resource-based and institutional factors influence corporate sustainable development.
Journal ArticleDOI
Revisiting the Relation Between Environmental Performance and Environmental Disclosure: An Empirical Analysis
TL;DR: In this article, the relationship between corporate environmental performance and environmental disclosure was investigated by testing economics-based theories of voluntary disclosure using a more rigorous research design, and they found a positive association between environmental performance with the extent of discretionary environmental disclosures.
Journal ArticleDOI
Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis
TL;DR: In this paper, a content analysis index based on the Global Reporting Initiative sustainability reporting guidelines was developed to assess the extent of discretionary disclosures in environmental and social responsibility reports. But, the results showed that socio-political theories explain patterns in the data (legitimization) that cannot be explained by economics disclosure theories.
References
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Journal ArticleDOI
Institutionalized Organizations: Formal Structure as Myth and Ceremony
John W. Meyer,Brian Rowan +1 more
TL;DR: Many formal organizational structures arise as reflections of rationalized institutional rules as discussed by the authors, and the elaboration of such rules in modern states and societies accounts in part for the expansion and i...
Journal ArticleDOI
Efficient capital markets: a review of theory and empirical work*
TL;DR: Efficient Capital Markets: A Review of Theory and Empirical Work Author(s): Eugene Fama Source: The Journal of Finance, Vol. 25, No. 2, Papers and Proceedings of the Twenty-Eighth Annual Meeting of the American Finance Association New York, N.Y. December, 28-30, 1969 (May, 1970), pp. 383-417 as mentioned in this paper
Journal ArticleDOI
Managing Legitimacy: Strategic and Institutional Approaches
TL;DR: This article synthesize the large but diverse literature on organizational legitimacy, highlighting similarities and disparities among the leading strategic and institutional approaches, and identify three primary forms of legitimacy: pragmatic, based on audience self-interest; moral, based upon normative approval; and cognitive, according to comprehensibility and taken-for-grantedness.
Book
The External Control of Organizations: A Resource Dependence Perspective
TL;DR: The External Control of Organizations as discussed by the authors explores how external constraints affect organizations and provides insights for designing and managing organizations to mitigate these constraints, and it is the fact of the organization's dependence on the environment that makes the external constraint and control of organizational behavior both possible and almost inevitable.
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