The Corporate Governance of Environmental Sustainability: A Review and Proposal for More Integrated Research
Metadatos
Mostrar el registro completo del ítemEditorial
Sage
Materia
Corporate governance Environmental sustainability Ownership Board of directors CEO Top management team Employees
Fecha
2021-02Referencia bibliográfica
Aguilera et al. CG of Environmental Sustainability. Journal of Management Vol. 47 No. 6, July 2021. 1468 –1497. DOI: 10.1177/0149206321991212
Patrocinador
Spanish Ministry of Science & Education ECO2016-75909-P; Spanish Research Agency, 10.13039/501100011033 PID2019-106725GB-I00; University of Massachusetts LowellResumen
As corporations’ environmental impact comes under greater scrutiny by global financial, regulatory, and societal stakeholders, management scholars have increasingly focused on the role of corporate governance as a tool for driving environmental initiatives. Still, we lack a comprehensive and systematic understanding of this emergent body of inquiry and a holistic agenda for future research. To address this gap, our integrative framework relates the key corporate governance actors to environmental sustainability outcomes from the extant literature and highlights its main methodological approaches and theoretical arguments. Our framework provides a critical analysis of what we know and points to the knowledge gaps around owners, boards of directors, CEOs, top management teams, and employees as corporate governance actors. We then highlight limitations in the existing literature as significant opportunities for further research to resolve its ambiguous conceptualizations of environmental sustainability constructs, various methodological and theoretical challenges, incomplete engagement with the global dimension of environmental sustainability, and limited analysis of how corporate governance actors may interact to shape environmental sustainability outcomes. We conclude by proposing novel approaches for addressing these issues, which we believe could generate a better way forward on studying the corporate governance of environmental sustainability.