The Multifaceted Effect of CEO Age on Firm Social and Environmental Practices

U.S. parent corporations should be held liable for environmental pollution caused by their foreign subsidiaries. The Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) already holds parent corporations liable in some ways for pollution caused by domestic subsidiaries. Regulations similar to CERCLA's could be applied extraterritorially and would be facilitated by abrogation of two common law principles: limited liability and forum non conveniens. Extraterritorial application of U.S. environmental regulations would greatly enhance transnational corporations' environmental behavior and facilitate just adjudication of plaintiffs' claims against irresponsible companies. Establishing the corporate parent's liability and upholding U.S. environmental standards in such cases would end many current hazardous practices that create pollution in developing countries.

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Sustainability and legitimacy theory: The case of sustainable social and environmental practices of small and medium‐sized enterprises

Business Strategy and the Environment ◽

10.1002/bse.2837 ◽

2021 ◽

Author(s):

Richard M. Crossley ◽

Mohamed H. Elmagrhi ◽

Collins G. Ntim

Keyword(s):

Legitimacy Theory ◽

Environmental Practices

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The Ecuadorian Banana Farms Managers’ Perceptions: Innovation as a Driver of Environmental Sustainability Practices

Agriculture ◽

10.3390/agriculture11030213 ◽

2021 ◽

Vol 11 (3) ◽

pp. 213

Author(s):

Alicia Ramírez-Orellana ◽

Daniel Ruiz-Palomo ◽

Alfonso Rojo-Ramírez ◽

John E. Burgos-Burgos

Keyword(s):

Information Systems ◽

Environmental Sustainability ◽

Structural Equation ◽

Equation Modeling ◽

Environmental Practices ◽

Sustainability Practices ◽

Policy Incentives ◽

The Impact ◽

And Training

This article aims to explore the perceptions of banana farms managers towards environmental sustainability practices through the impact of innovation, adoption of information systems, and training employees through a case study in the province of El Oro (Ecuador). Furthermore, the paper assesses how farmers’ perceptions could guide public policy incentives. PLS-Structural Equation Modeling are used as the framework by which the constructs is represented within the model. The model explained 59% of the environmental sustainability practices of Ecuadorian banana farms. The results indicate that environmental sustainability practices were positively influenced mainly by training employees, innovation, and adoption of information systems. Additionally, both the adoption of information systems and training employees indirectly influenced sustainable practices through innovation as a mediator. We may conclude that in the Ecuadorian banana farms, changes in environmental practices are derived from innovation strategies as an axis of development of useful information and training employees in public policies.

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The Effects of Managerial Competency and Local Religiosity on Corporate Environmental Responsibility

Sustainability ◽

10.3390/su13115857 ◽

2021 ◽

Vol 13 (11) ◽

pp. 5857

Author(s):

Chuluunbat Tsendsuren ◽

Prayag Lal Yadav ◽

Sangsoo Kim ◽

Seung-Hun Han

Keyword(s):

Risk Taking ◽

Environmental Responsibility ◽

Corporate Environmental Responsibility ◽

Negative Effects ◽

Publicly Traded ◽

Environmental Practices ◽

Corporate Behavior ◽

Environmental Engagement ◽

Managerial Competency

This study investigates the influence of local religious beliefs to evaluate managerial motives towards corporate environmental engagement, considering the growing attention of the role of external factors in shaping corporate behavior. Using Newsweek’s green rankings of the largest publicly traded US firms by market capitalization from 2014–2016, we find that competent managers show a higher strategic preference for corporate environmental practices in firms located in low-Protestant or high-Catholic areas exhibiting higher risk and uncertainty, which tend to mitigate the negative effects of risky environments. We find that corporate environmental practices positively influence the sales of firms in high risk-taking states. This study provides significant contributions to the literature documenting the consequences of local religious risk-taking behavior and elaborates on the perceptions of competent managers on environmental management. The results provide valuable insights for practitioners and policymakers looking to incorporate environmental practices.

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