The power of one to make a difference: How informal and formal CEO power affect environmental sustainability.
| Item Type | Journal paper |
| Abstract | We theoretically discuss and empirically show how CEO power based on environmental expertise and formal influence over executives and directors, in the absence and presence of shareholder activism, spurs firms toward greener strategies. Our results support the idea that CEOs with informal power, grounded in expertise, reduce corporate environmental impact and this relationship is amplified when the CEO also enjoys formal power over the board of directors. Additionally, we found that any source of CEO power, whether informal or formal, is a good catalyst for transforming shareholder activism into corporate greening. However, in the absence of such activism, only CEOs’ informal environmental expert power acts as a determinant of firm environmental performance. |
| Authors | Walls, Judith & Berrone, P. |
| Journal or Publication Title | Journal of Business Ethics |
| Language | English |
| Subjects | business studies other research area |
| Refereed | Yes |
| Date | 2017 |
| Publisher | Reidel |
| Volume | 145 |
| Number | 2 |
| Page Range | 293-308 |
| ISSN | 0167-4544 |
| Publisher DOI | https://doi.org/10.1007/s10551-015-2902-z |
| Depositing User | Prof. Dr. Judith Louise Walls |
| Date Deposited | 29 Jul 2019 11:29 |
| Last Modified | 04 Feb 2020 14:01 |
| URI: | https://www.alexandria.unisg.ch/publications/257451 |
DownloadFull text not available from this repository.CitationWalls, Judith & Berrone, P. (2017) The power of one to make a difference: How informal and formal CEO power affect environmental sustainability. Journal of Business Ethics, 145 (2). 293-308. ISSN 0167-4544 Statisticshttps://www.alexandria.unisg.ch/id/eprint/257451
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