2012-09-01
Environmental capabilities and corporate strategy: exploring acquisitions among us manufacturing firms
Publication
Publication
Strategic Management Journal , Volume 33 - Issue 9 p. 1053- 1071
In this article, we investigate whether environmental capabilities influence firms' corporate strategies, a topic that has received little attention to date. We hypothesize that firms are more likely to acquire facilities when ownership facilitates the transfer of capabilities either to or from the facility. Using a panel from the U.S. government's Toxics Release Inventory Program, we find firms with superior environmental capabilities are significantly more likely to acquire physically proximate facilities with inferior environmental capabilities and vice versa. Our results extend theories of both corporate and environmental strategy.
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doi.org/10.1002/smj.1960, hdl.handle.net/1765/31262 | |
ERIM Top-Core Articles | |
Strategic Management Journal | |
Organisation | Erasmus Research Institute of Management |
Berchicci, L., Dowell, G., & King, A. (2012). Environmental capabilities and corporate strategy: exploring acquisitions among us manufacturing firms
. Strategic Management Journal, 33(9), 1053–1071. doi:10.1002/smj.1960 |