Hall and Soskice’s (2001) Varieties of Capitalism provides a background for explaining institutional benefits for specific types of innovation. Extensive research has been conducted to verify their claims, but controversy remains because the criteria of radical innovation are ambiguous. In...

Carbon emissions reduction targets are becoming a de rigueur component of corporate sustainability disclosures. We explore what carbon targets entail and whether they drive firms toward meaningful reductions of carbon emissions by analyzing target data disclosed by firms to CDP at multiple...

Firms face considerable uncertainty in their regulatory environment, including uncertainty regarding whether and how newly passed policies will be implemented, especially in federated government structures. Although firms can wait until the uncertainty is resolved, they will also lose a...

Corporate greenwash has accelerated in recent years, bringing in its wake growing skepticism about corporate green claims. Although a theory of the drivers and deterrents of greenwash has begun to emerge, it is static in nature and does not incorporate the full range of ways in which firms can...

This paper presents the first empirical analysis of the factors that lead electric utilities to participate in the Department of Energy's voluntary greenhouse gas registry, and the impact of participation on their actual emissions performance. We find that firms are more likely to participate...