An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for 101 large Dutch firms using a large and new panel database. We use five different performance measures, and for each...

It has often been claimed that firms’ compliance to environmental regulations is higher than predicted by standard theory, a result labeled the “Harrington paradox” in the literature. Enforcement data from Norway presented here appears, at first glance, to confirm this “stylized fact”:...

Nach einer Umfrage des IFO-Instituts von 2002 schätzen sich nur 18% der deutschen Unternehmen als nachhaltigkeitsorientiert ein. Dagegen ist nachhaltiges Wirtschaften auf politischer Ebene mittlerweile eine allgemein akzeptierte Zielvorstellung und gewinnt für die Wissenschaft und den...

The aim of this study is to establish a classification for environmental indicators that can be used to communicate companies' environmental performance in Emas Environmental Statements and to assess their actual use in certified Environmental Statements. Starting from the ISO14031 draft...

Current corporate disclosures regarding carbon emissions lack commonly accepted accounting rules. The accrual accounting system for carbon emissions described here is grounded in the rules of historical cost accounting for operating assets, enabling the preparation of balance sheets and flow...

In diesem Artikel stellen wir den Sustainable Value Added, einen neuen Ansatz zur Bewertung des Nachhaltigkeitsbeitrags von Unternehmen, vor. Bestehende Verfahren zur Messung der Nachhaltigkeit basieren auf einer vergleichenden Bewertung ökologischer und sozialer Belastungen und können daher...

This paper provides new empirical evidence for the effect of corporate social responsibility (CSR) on corporate financial performance. In contrast to former studies, we examine two different regions, namely the USA and Europe. Our econometric analysis shows that environmental and social...

The present research investigates the contribution of environmental innovation to firms' competitive advantage through the case of medium and large-sized firms operating in Greece. Due to the growing trend of environmental innovation in Greece and a consequent increase in the research interest,...