Corporate social responsibility has gone mainstream, and many companies have taken meaningful steps towards a more sustainable future. Yet global environmental indicators continue to worsen, and individual corporate efforts may be hitting the point of diminishing returns. Voluntary action by the...

In this paper, we explore the locus of profitable pollution reduction. We propose that managers underestimate the full value of some means of pollution reduction and so under exploit these means. Based on evidence from previous studies, we argue that waste prevention often provides unexpected...

Firms within an industry often find themselves tarred by the same brush. When accidents occur, stakeholders often punish both the offending firm and the entire industry. In this way, a firm's reputation may be tied to other firms, and so reputation may be a common resource shared by all members...

Lean production may have a significant public good spillover – improved environmental performance (Florida, 1996; Hart, 1997). However, empirical evidence of the link between lean production practices and environmental performance has not resolved the nature of the relationship. To explore this...

Previous empirical work suggests that profitable firms tend to have high environmental performance, but questions persist about the nature of the relationship. Does stronger environmental performance really lead to better financial performance or is the observed relationship the outcome of some...

Industry self-regulation, the voluntary association of firms to control their collective action, has been proposed as a complement to government regulation. Proponents argue that the establishment of such structures may institutionalize environmental improvement, while critics suggest that...