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Boards and Sustainability: the Contingent Influence of Director Interlocks on Corporate Environmental Performance

de Mandojana, NO and Aragon-Correa, J (2013) Boards and Sustainability: the Contingent Influence of Director Interlocks on Corporate Environmental Performance Business Strategy and the Environment, 24 (6). pp. 499-517.

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Abstract

This paper highlights the importance of a firm’s board with respect to sustainability issues by analysing the relationship between director interlocks, i.e. directors who simultaneously belong to the boards of directors of several companies, and a firm’s environmental performance. The previous literature has focused on the influence of firm-level resources on corporate environmental performance. This study utilizes insights from a resourcebased view and research on social capital to demonstrate that the environmental performance of a firm is also influenced by the difficult-to-imitate capabilities that are embedded in the network relationships of its directors. Our results support a contingency perspective of the social capital theory that finds that director interlocks are positively connected with the environmental performance of a firm in two specific situations: (1) when the firm is linked to a larger parent company and (2) in cases of low and high levels of interlock diversity.

Item Type: Article
Subjects : Surrey Business School
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
AuthorsEmailORCID
de Mandojana, NOUNSPECIFIEDUNSPECIFIED
Aragon-Correa, JUNSPECIFIEDUNSPECIFIED
Date : 5 December 2013
Identification Number : 10.1002/bse.1833
Copyright Disclaimer : This is the peer reviewed version of the following article: Ortiz-de-Mandojana, N., and Aragon-Correa, J. A. (2015) Boards and Sustainability: the Contingent Influence of Director Interlocks on Corporate Environmental Performance. Bus. Strat. Env., 24: 499–517. doi: 10.1002/bse.1833, which has been published in final form at: http://onlinelibrary.wiley.com/doi/10.1002/bse.1833/full. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Uncontrolled Keywords : board of directors; director interlocks; environmental performance; social capital; sustainability
Depositing User : Symplectic Elements
Date Deposited : 23 Aug 2016 14:00
Last Modified : 23 Aug 2016 14:00
URI: http://epubs.surrey.ac.uk/id/eprint/811453

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