back to all publications

Corporate Governance and Environmental Performance: Is There Really a Link?

CSS Publication Number
Full Publication Date
August 2012

Corporate governance scholars are increasingly interested in firms' social and environmental performance. Empirical research in this area, however, has moved forward in an uncoordinated fashion, producing fragmented and contradictory results. Our paper seeks to address this situation by adopting a fact-based research approach that comprehensively explores the link between corporate governance and environmental performance. Specifically, we aim to understand how the relationships between and among the firms' owners, managers, and boards of directors influence environmental performance. We are particularly interested in understanding the interactions among these three key sets of actors. In the end, we offer some observations about governance practices and discuss the implications for theory.

Pascual Berrone
Phillip H. Phan
Research Areas
Urban Systems and Built Environment
corporate governance , environmental performance , fact-based research, KLD database , multilevel analysis
Publication Type
Journal Article
Digital Object Identifier
DOI: 10.1002/smj.1952
Full Citation
Walls, J.L., P.H. Phan and P. Berrone. (2012) “Corporate governance and environmental performance: is there really a link?” Strategic Management Journal. 33(8): 885-913.