Are conglomerates less environmentally responsible? An empirical examination of diversification strategy and subsidiary pollution in the U.s. Chemical industry
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 21 (1):1 - 14 (1999)
This study examines the relationship between corporate diversification strategy and the pollution activity of subsidiaries within the U.S. chemical industry using TRI data (EPA's Toxic Release Inventory). The subsidiaries of conglomerates were found to exhibit higher pollution levels for direct emissions than those of firms pursuing more related diversification strategies. Additionally, the subsidiaries of conglomerates exhibited more variance in overall pollution emissions compared to related diversified firms.
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Kent Walker & Fang Wan (2012). The Harm of Symbolic Actions and Green-Washing: Corporate Actions and Communications on Environmental Performance and Their Financial Implications. [REVIEW] Journal of Business Ethics 109 (2):227-242.
C. Trumpp, J. Endrikat, C. Zopf & E. Guenther (2013). Definition, Conceptualization, and Measurement of Corporate Environmental Performance: A Critical Examination of a Multidimensional Construct. [REVIEW] Journal of Business Ethics:1-20.
Subrata Chakrabarty (2014). The Influence of Unrelated and Related Diversification on Fraudulent Reporting. Journal of Business Ethics:1-18.
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