This paper analyzes the extensive and intensive margins of participation in the Carbon Disclosure Project by the Global 500. Empirical results based on the Double Hurdle model suggest that the existence of a senior manager with direct responsibility for climate change is associated with higher...

While many different types of organizations in the United States (U.S.) are better managing their environmental activities, a relatively small proportion of them are also choosing to participate in voluntary environmental initiatives. This study addresses why organizations participate in these...

Voluntary environmental programs (VEPs) promise to provide firms and facilities additional flexibility in managing their environmental affairs while increasing internal efficiencies and improving their public image. Although stakeholder input is thought to improve program development, little is...

Voluntary environmental programs (VEPs) have become a popular alternative to traditional regulation. However, little is known about whether these programs are sending accurate signals about the environmental practices of their participants. As a means for understanding signaling accuracy, this...

Stakeholders who seek to reward or punish businesses for their environmental programs often cannot observe these organizations’ internal policies and operations. To address these informational problems, and signal their beyond-compliance environmental commitments, some businesses are...