The purpose of this paper is to investigate the relationship between corporate environmental strategy and firm value. The major finding of this study is that corporate performance with regard to environmental responsibility is related to overall firm value. Adopting an environmentally responsible strategy appears to significantly enhance corporate financial performance for all firms except thos...

We examine how corporate innovations influence firms’ industrial diversification decisions and how innovation-related diversification affects firm value. Our fixed effect, 2SLS and GMM models consistently show that corporate innovations lead to greater extent of diversification. The 2SLS model uses the staggered implementation of U.S. state-level R&D tax credits as an instrumental variable for ...

We examine the value consequences of corporate social responsibility through the lens of institutional shareholders. We find a sharp asymmetry between corporate policies that mitigate the firm’s exposure to environmental risk and those that enhance its perceived environmental friendliness (“greenness”). Institutional investors shun stocks with high environmental risk exposure, which we show hav...

today, survival and value creation in organizations depend on creative and innovative thinking as well as understanding and utilization of environmental opportunities. this research attempts to introduce the organization behavioral barriers which affect the development of corporate entrepreneurship. first, with the views of different experts, various behavioral barriers of corporate entrepreneu...