In this article, we investigate whether environmental capabilities influence firms’ corporate strategies, a topic that has received little attention to date. We hypothesize that firms are more likely to acquire facilities when ownership facilitates the transfer of capabilities either to or...

Francis Bacon, pioneer of the scientific method, noted in one of his aphorisms that “human understanding is of its own nature prone to suppose the existence of more order and regularity in the world than it finds.” In this paper, we evaluate the extent to which this tendency encourages...

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...