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  • Legal Origins, Corporate Governance, and Environmental Outcomes

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    MinPUB696.pdf (437.8Kb)
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    Accepted Manuscript (AM)
    Author(s)
    Kock, Carl J
    Min, Byung S
    Griffith University Author(s)
    Min, Byung-Seong S.
    Year published
    2016
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    Abstract
    Environmental governance has emerged as a recent perspective to explain the link between corporate governance mechanisms and environmental performance such as pollution reduction. We extend current models by incorporating the crucial role of the underlying institutional logics in terms of an a priori focus on either shareholder rights or stakeholder inclusion, which, in turn, can be traced back to the legal origin of a specific country. Using data on a sample of common and civil law countries, we find support for our predictions that a shareholder-focused common law legal origin is associated with significantly higher emissions ...
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    Environmental governance has emerged as a recent perspective to explain the link between corporate governance mechanisms and environmental performance such as pollution reduction. We extend current models by incorporating the crucial role of the underlying institutional logics in terms of an a priori focus on either shareholder rights or stakeholder inclusion, which, in turn, can be traced back to the legal origin of a specific country. Using data on a sample of common and civil law countries, we find support for our predictions that a shareholder-focused common law legal origin is associated with significantly higher emissions of CO2, and also that international environmental agreements like the Kyoto protocol seem to have a more pronounced effect in shareholder-centric economies than thus far assumed.
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    Journal Title
    Journal of Business Ethics
    DOI
    https://doi.org/10.1007/s10551-015-2617-1
    Copyright Statement
    © 2015 Springer Netherlands. This is an electronic version of an article published in Journal of Business Ethics, October 2016, Volume 138, Issue 3, pp 507–524. Journal of Business Ethics is available online at: http://link.springer.com/ with the open URL of your article.
    Subject
    Marketing
    Applied ethics
    Applied ethics not elsewhere classified
    Publication URI
    http://hdl.handle.net/10072/125099
    Collection
    • Journal articles

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