We examine the determinants of firm’s current environmental expenditure and firm’s capital investment in equipment for pollution control using a Heckman selection model. As regards current environmental expenditure, we find that larger, exporting firms and firms subject to the Integrated...

This discussion paper reports and reflects on the reception of our article "Organizational path dependence: Opening the black box", which was published in 2009 in the Academy of Management Review and granted the AMR Decade Award in 2019. While we were invited by the editor of the journal to...