Language:

Do Corporations Invest Enough in Environmental Responsibility?

Journal of business ethics, 2012-01, Vol.105 (1), p.115-129 [Peer Reviewed Journal]

2012 Springer ;Springer Science+Business Media B.V. 2011 ;Springer Science+Business Media B.V. 2012 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-011-0954-2 ;CODEN: JBUEDJ

Full text available

Citations Cited by

Actions
1. Add to My Research
2. Remove from My Research
3. E-mail
4. Print
5. Permalink
6. Citation
7. EasyBib
8. EndNote
9. RefWorks
10. Delicious
11. Export RIS
12. Export BibTeX

Title:
Do Corporations Invest Enough in Environmental Responsibility?
Author: Kim, Yongtae ; Statman, Meir
Subjects: Book value ; Business and Management ; Business education ; Business Ethics ; Business structures ; Causality ; Corporate environmental responsibility ; Corporate financial performance ; Corporate investments ; Corporate responsibility ; Corporate social responsibility ; Corporations ; Education ; Environmental impact ; Environmental management ; Environmental protection ; Ethics ; Financial investments ; Financial management ; Financial performance ; Hypotheses ; Investment ; Investment strategies ; Investments ; Management ; Philosophy ; Quality of Life Research ; responsibility ; Return on assets ; Shareholders ; Social impact ; Social responsibility ; Social responsibility of business ; Society ; Statistical median ; Stockholders ; Studies ; Textbooks
Is Part Of: Journal of business ethics, 2012-01, Vol.105 (1), p.115-129
Description: Proponents of corporate environmental responsibility argue that corporations shortchange shareholders by investing too little in environmental responsibility. They claim that corporations can improve their financial performance by increasing their investment in environmental responsibility. Opponents of corporate social responsibility argue that corporations shortchange shareholders by investing too much in environmental responsibility. They claim that corporations can improve their financial performance by reducing their investment in environmental responsibility. Yet, others claim that corporations serve their shareholders well by investing just enough in social responsibility, not too little and not too much. If so, corporations increase their investment in environmental responsibility when an increase improves financial performance and reduce their investment in environmental responsibility when a decrease improves financial performance. Our evidence is consistent with this last claim. We find that the behavior of corporations is consistent with the claim that they act in the interest of shareholders, increasing or decreasing their investment in environmental responsibility as necessary to improve their financial performance.
Publisher: Dordrecht: Springer
Language: English
Identifier: ISSN: 0167-4544
EISSN: 1573-0697
DOI: 10.1007/s10551-011-0954-2
CODEN: JBUEDJ
Source: ProQuest One Psychology
Alma/SFX Local Collection
RePEc
ProQuest Central

Back to results list


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Do Corporations Invest Enough in Environmental Responsibility?

2012 Springer ;Springer Science+Business Media B.V. 2011 ;Springer Science+Business Media B.V. 2012 ;ISSN: 0167-4544 ;EISSN: 1573-0697 ;DOI: 10.1007/s10551-011-0954-2 ;CODEN: JBUEDJ

Searching Remote Databases, Please Wait