Sponsorship matters : assessing business participation in government - and - industry sponsored voluntary environmental programs
- Cary : Oxford University, apr. 2010
Stakeholders who seek to reward or punish business for their environmental programs often cannot observe these organizations' internal policies and operation. To address these informational problems, and signal their beyond-compliance environmental commitments, some business are participating in voluntary environmental programs (VEPs). This article examines whether business managers associate the brand value of VEPs - due to their differing program sponsors - with the perceived preferences of their critical stakeholders. Drawing on a novel data set of nearly 300 organizations, we asses business' participation in 19 government - and industry -sponsored VEPs. We find that managers who recognize the importance of stakeholder influences on their business' environmental practices are more likely to participate in a VEP but that pressures from different stakeholders are associated with variations in organizations' participation in either government - or industry-sponsored VEPs
Meio Ambiente Investimeno Privado Stakeholder Política Ambiental Avaliação de Desempenho