Business Commons^™

The Color Of Shareholders' Money: Institutional Shareholders' Political Values And Corporate Environmental Disclosure, Incheol Kim, Ji Woo Ryou, Rong Yang

Finance Faculty Publications and Presentations

Highlights

• Institutional shareholders’ political values significantly influences corporate environmental disclosure and performance.

• Firms with Republican-oriented institutional shareholders are less likely to issue environmental reports.

• Institutional shareholders’ Republican-oriented political values are negatively associated with environmental performance.

• Institutional shareholders’ Republican-oriented political values are negatively associated with green innovations.

Abstract

In this study, we investigate whether and to what extent institutional shareholders' political values influence their investees' environmental disclosure and performance. Using employees' political donation data, we construct institutional investors' political ideology score, which higher (lower) value represents a more Republican- (Democratic)-leaning culture. We find that firms led by institutional shareholders with a …

Critical Success Factors Of Green Innovation: Technology, Organization And Environment Readiness, Yali Zhang, Jun Sun, Zhaojun Yang, Yin Wang

Information Systems Faculty Publications and Presentations

Many organizations carry out green innovation for sustainable development, but not all are successful. Based on the technology-organization-environment framework, this study examines how prepared enterprises are for green innovation in terms of technology readiness, organization readiness, and environment readiness. It hypothesizes that the necessary and sufficient conditions along each dimension enable and facilitate green innovation, leading to competitive advantage through the mediation of environmental performance and firm performance. To test the research model, survey observations were collected from 340 companies in China. Supporting the hypothesized relationships, the results show that the necessary and sufficient conditions of all dimensions make significant …

Organizational Learning And Green Innovation: Does Environmental Proactivity Matter?, Yali Zhang, Jun Sun, Zhaojun Yang, Shurong Li

Information Systems Faculty Publications and Presentations

Emerging economies face the challenge of striking a balance between development and the environment. To adapt to the changes, organizations must develop dynamic capabilities for green innovation and corporate sustainability. Based on a resource-based view integrated with contingency and stakeholder theories, this study examines how strategic contingency makes differences in the transformation between learning and performance resources through innovation efforts. Oriented toward external and internal stakeholders, respectively, learning resources comprise absorptive capacity and transformative capability, innovation efforts include green product innovation and green process innovation, and performance resources contain green image and competitive advantage. Depicting their mediating relationships moderated by …