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Corporate environmental performance: Revisiting the role of organizational slack
Ist Teil von
Journal of business research, 2019-03, Vol.96, p.169-182
Ort / Verlag
Elsevier Inc
Erscheinungsjahr
2019
Link zum Volltext
Quelle
Elsevier ScienceDirect Journals Complete
Beschreibungen/Notizen
To date, there has been little agreement on the role of organizational slack in firms' Environmental Performance (EP). Drawing on the Behavioral Theory of the Firm (BTOF), we advance this line of inquiry by conceptualizing the distinct effects that absorbed slack and unabsorbed slack have on EP as well as how industry discretion, firm-specific regulatory pressures, and EP-aspiration levels moderate these effects. We test our hypotheses with a unique panel of 753 US public firms for the period 1991–2008. As hypothesized, our findings indicate that unabsorbed slack has a positive effect on EP, while absorbed slack has a negative one. Industry discretion, firm-specific regulatory pressures, and EP aspiration levels moderate these relationships in distinct ways. We discuss the implications of our research on managerial and policy decision-making.
•Absorbed slack has a negative impact on Environmental Performance (EP).•Industry discretion, regulatory pressures, and EP aspirations bolster the positive impact of unabsorbed slackon EP.•Industry discretion and EP aspirations weaken the negative relationship between absorbed slack and EP.•Regulatory pressures accentuate the negative relationship between absorbed slack and EP.