ENVIRONMENTAL SELF-REGULATION IN THE GLOBAL ECONOMY: THE ROLE OF FIRM CAPABILITIES

Petra Christmann, Glen Taylor

Research output: Chapter in Book/Report/Conference proceedingChapter

10 Scopus citations

Abstract

Globalization increases concerns about national governments' ability to regulate firms' environmental conduct because firms can avoid complying with stringent environmental regulations by locating polluting operations in countries with low regulations. Business self-regulation is increasingly seen as a force that can counterbalance the decreasing power of governments in the global economy. Previous research identified external stakeholder pressures as an important determinant of business self-regulation. In this chapter we explore how firm capabilities affect the likelihood that firms self-regulate their environmental conduct by adopting ISO 14000 environmental standards. Our findings show that firm capabilities are indeed an important determinant of self-regulation in the global economy. We discuss implications of this finding for governments, other stakeholders, and business decision makers.

Original languageEnglish (US)
Title of host publicationMultinationals, Environment and Global Competition
PublisherJAI Press
Pages119-145
Number of pages27
ISBN (Print)0762309660, 9780762309665
DOIs
StatePublished - 2003
Externally publishedYes

Publication series

NameResearch in Global Strategic Management
Volume9
ISSN (Print)1064-4857

All Science Journal Classification (ASJC) codes

  • Business and International Management

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