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The Effects of Institutional Distance and Headquarters’ Financial Performance on the Generation of Environmental Standards in Multinational Companies
dc.contributor.author | Aguilera Caracuel, Javier | |
dc.contributor.author | Aragón Correa, Juan Alberto | |
dc.contributor.author | Hurtado Torres, Nuria Esther | |
dc.contributor.author | Rugman, Alan M. | |
dc.date.accessioned | 2024-03-06T08:14:16Z | |
dc.date.available | 2024-03-06T08:14:16Z | |
dc.date.issued | 2011 | |
dc.identifier.citation | Published version: Aguilera-Caracuel, J., Aragón-Correa, J.A., Hurtado-Torres, N.E. et al. The Effects of Institutional Distance and Headquarters’ Financial Performance on the Generation of Environmental Standards in Multinational Companies. J Bus Ethics 105, 461–474 (2012). https://doi.org/10.1007/s10551-011-0978-7 | es_ES |
dc.identifier.uri | https://hdl.handle.net/10481/89819 | |
dc.description | This research has been partially funded by grants from the Spanish Ministry of Education and Science (project ECO2010-20483 and programme FPU), and the Andalusia Regional Government (Excellence Research Projects P08-SEJ-0457 and P10-SEJ-6765). We want to thank members of group ISDE of the University of Granada and Henley Business School (University of Reading) for their insightful comments. | es_ES |
dc.description.abstract | This article combines institutional and resources’ arguments to show that the institutional distance between the home and the host country, and the headquarters’ financial performance have a relevant impact on the environmental standardization decision in multinational companies. Using a sample of 135 multinational companies in three different industries with headquarters and subsidiaries based in the USA, Canada, Mexico, France, and Spain, we find that a high environmental institutional distance between headquarters’ and subsidiaries’ countries deters the standardization of environmental practices. On the other hand, high-profit headquarters are willing to standardize their environmental practices, rather than taking advantage of countries with lax environmental protection to undertake more pollution-intensive activities. Finally, we show that headquarters’ financial performance also imposes a moderating effect on the relationship between environmental institutional distance between countries and environmental standardization within the multinational company. | es_ES |
dc.description.sponsorship | Spanish Ministry of Education and Science ECO2010-20483, programme FPU | es_ES |
dc.description.sponsorship | Andalusia Regional Government P08-SEJ-0457, P10-SEJ-6765 | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Springer Nature | es_ES |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internacional | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.subject | Natural environment | es_ES |
dc.subject | Multinational company | es_ES |
dc.subject | Environmental standardization | es_ES |
dc.subject | Environmental institutional distance between countries | es_ES |
dc.subject | Financial performance | es_ES |
dc.title | The Effects of Institutional Distance and Headquarters’ Financial Performance on the Generation of Environmental Standards in Multinational Companies | es_ES |
dc.type | journal article | es_ES |
dc.rights.accessRights | open access | es_ES |
dc.identifier.doi | 10.1007/s10551-011-0978-7 | |
dc.type.hasVersion | AM | es_ES |