This paper examines the relationship between corporate activities to address climate change and stock performance. By separately analyzing the US and European stock markets for different sub-periods, we highlight the impact of the underlying climate policy regime. Methodologically, we compare...

This paper empirically examines the theoretically ambivalent relationship between socially responsible investing (SRI) and stock performance. It extends the existing literature by considering both the US and the entire European stock markets as well as by using consistent world-wide corporate...

Das auf Expansion beruhende sozio-technische Gesellschaftssystem ist nicht zukunftsfähig und bedarf einer grundlegenden Transformation zu einer kleineren Ökonomie mit geringerem Ressourcenverbrauch. Der notwendige Wandel erfordert eine Abkehr von wirtschaftlichem Wachstum als...

This paper proposes that Green HRM can meet its full potential only by considering employees in their twofold role as producers and consumers. Employees learn different kinds of behaviour not exclusively at the workplace, but also in private life. Since reciprocal interactions between working...

Small and medium-sized enterprises play an important role in the economy in Europe. Consequently, their contribution to the realisation of sustainable development is also important. After briefly discussing the role of Corporate Social Responsibility in "getting closer to" sustainable...

Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay?...

Recent studies relating corporate environmental performance to financial performance has led to mixed results. The reasons for the inconsistency might be the choice of control variables and environmental performance measurement, etc. In addition, previous studies have been mainly focused on...

As one of the important components of strategic planning process, environmental scanning has received importance to explore new opportunities and to identify threats for making important strategic decision. The present study indicates between owner-manager's environmental awareness on business...

This paper demonstrates that strategic equity holdings by employees and family or by corporations discourage investment in environmental, social and governance (ESG) activities as measured by ASSET4 performance scores. Conversely, debt or government equity finance is positively associated with...

We discuss the measurement of environmental performance (EP) in quantitative empirical research. Initially, we review and classify existing EP measures. Based on that, we analyze their validity and reliability. To provide a clear conceptualization of EP, we mainly refer to the framework of Wood...