Corporate Governance and the Environment: What Type of Governance Creates Greener Companies?

  • Kock C
  • Santaló J
  • Diestre L
  • 154

    Readers

    Mendeley users who have this article in their library.
  • 52

    Citations

    Citations of this article.

Abstract

We build on a stakeholder-agency theoretical perspective to explore the impact of particular corporate governance mechanisms on firm environmental performance. Our empirical evidence shows that several important corporate governance mechanisms such as the board of directors, managerial incentives, the market for corporate control, and the legal and regulatory system determine firms' environmental performance levels. These results suggest that these different governance mechanisms resolve, to some extent, the existing divergence of interests between stakeholders and managers with respect to environmental activities. [ABSTRACT FROM AUTHOR]

Author-supplied keywords

  • Agency theory
  • Corporate environmental performance
  • Corporate governance
  • Environmental stakeholders

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free