Can board environmental orientation improve U.S. firms' carbon performance? The mediating role of carbon strategy
| Autor: | Ahmed Bani-Mustafa, Tantawy Moussa, Amir Allam, Said Elbanna |
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| Rok vydání: | 2019 |
| Předmět: |
Strategy and Management
media_common.quotation_subject 05 social sciences Geography Planning and Development chemistry.chemical_element Sample (statistics) 010501 environmental sciences Management Monitoring Policy and Law 01 natural sciences Structural equation modeling chemistry Greenhouse gas 0502 economics and business Mediation Conceptual model Business Business and International Management Carbon 050203 business & management Industrial organization 0105 earth and related environmental sciences media_common |
| Zdroj: | Business Strategy and the Environment. 29:72-86 |
| ISSN: | 1099-0836 0964-4733 |
| Popis: | Overwhelming evidence from prior research suggests a positive association between corporate board characteristics and carbon performance; however, very little is known about the mechanisms linking the two variables. This study attempts to fill this gap by developing and empirically testing a conceptual model that highlights the role of carbon strategy in the relationship between board environmental orientation (BEO) and carbon performance. We argue that BEO can directly and indirectly influence carbon performance through carbon strategy. Using structural equation modelling to analyse data consisting of 2,301 US firm-year observations over the 2005-2015 period, we find that the greater the BEO is, the better its carbon performance (i.e., lower greenhouse gas emissions). The results also provide evidence of the mediating effect of carbon strategy on the relationship between BEO and carbon performance. Splitting the sample into high and low carbon-intensive industries shows a partial mediation effect in high carbon-intensive industries and a full mediation effect in low carbon-intensive industries. The findings of the study and its implications for scholars, policy makers, managers, investors and environmentalists are discussed. |
| Databáze: | OpenAIRE |
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