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dc.contributor.authorAguilera Caracuel, Javier
dc.contributor.authorAragón Correa, Juan Alberto 
dc.contributor.authorHurtado Torres, Nuria Esther 
dc.contributor.authorRugman, Alan M.
dc.identifier.citationPublished 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).
dc.descriptionThis 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.abstractThis 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.sponsorshipSpanish Ministry of Education and Science ECO2010-20483, programme FPUes_ES
dc.description.sponsorshipAndalusia Regional Government P08-SEJ-0457, P10-SEJ-6765es_ES
dc.publisherSpringer Naturees_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.subjectNatural environmentes_ES
dc.subjectMultinational companyes_ES
dc.subjectEnvironmental standardizationes_ES
dc.subjectEnvironmental institutional distance between countrieses_ES
dc.subjectFinancial performancees_ES
dc.titleThe Effects of Institutional Distance and Headquarters’ Financial Performance on the Generation of Environmental Standards in Multinational Companieses_ES

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