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Environmental Management Systems and Firm Performance: Improving Firm Environmental Policy through Stakeholder Engagement

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Martín de Castro, Gregorio and Amores Salvadó, Javier and Navas López, José Emilio (2016) Environmental Management Systems and Firm Performance: Improving Firm Environmental Policy through Stakeholder Engagement. Corporate Social Responsibility and Environmental Management, 23 (4). pp. 243-256. ISSN 1535-3958

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Official URL: https://doi.org/10.1002/csr.1377



Abstract

Recent contributions to firm environmental policy claim that the link between environmental management systems (EMS) and firm performance still remains unanswered. From a natural-resource-based view (NRBV), the effective implementation of EMS inside the firm requires complementary organizational capabilities and resources to deploy proactive environmental strategies. In this research, we develop an empirical model using an improved measurement of EMS, which considers not only ISO 14001/EMAS certification but also its maturity (time elapsed since certification or verification), and propose an indirect effect on firm financial performance through the mediating role of green corporate image. Empirical results tested in a sample of Spanish manufacturing firms offer new insights into the NRBV and EMS literature debates.


Item Type:Article
Uncontrolled Keywords:Environmental management systems; Environmental policy; Firm performance; Green corporate image; ISO 14001; Natural resource-based view; Stakeholder engagement
Subjects:Medical sciences > Biology > Environment
Social sciences > Economics > Industrial management
ID Code:55472
Deposited On:28 May 2019 12:15
Last Modified:29 May 2019 07:47

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