Explaining Corporate Environmental Performance: How Does Regulation Matter?

Explaining Public Service Performance: Does Management Matter?

Does Corporate Governance Really Matter?

We examine the relation between a broad set of corporate governance factors and various measures of managerial behavior and organizational performance. Using a sample of 2,126 firms we distill 38 structural measures of corporate governance (e.g., board characteristics, stock ownership, anti-takeover variables etc.) to 13 governance factors using principal components analysis. For a wide set of ...

Does Greenness Matter? Environmental Performance, Ownership Structure and Analyst Coverage

We examine how the ownership, analyst coverage and stock market valuation of a sample of U.S. firms vary with their environmental performance. Both “green” and “toxic” firms have a larger number of shareholders but a smaller percentage of institutional owners and ownership stakes relative to environmentally neutral firms. Nonetheless, toxic firms have higher institutional ownership than green f...

Does fairness matter in corporate takeovers?

In interviews with the two head negotiators for a buying and a selling company in a Swedish takeover, a fair price was found to play an important role. A stated reason was that the companies wanted to do business in the future. To further test the importance of fairness, 88 graduate students of business administration playing the role of buyers were asked to evaluate selling prices in ®ctitious...

How to reconcile environmental and economic performance to improve corporate sustainability: corporate environmental strategies in the European paper industry.

This paper discusses the relationship between environmental and economic performance and the influence of corporate strategies with regard to sustainability and the environment. After formulating a theoretical model, results are reported from an empirical analysis of the European paper manufacturing industry. New data are used to test hypotheses derived from the theoretical model, using environ...