Difference in degrees: CEO characteristics and firm environmental disclosure

Lewis, Ben W.; Walls, Judith L.; Dowell, Glen W. S.

doi:10.1002/smj.2127

Cited by 713Corporate Social Responsibility ReportingEnvironmental Sustainability in BusinessCorporate Identity and Reputation

Difference in degrees: CEO characteristics and firm environmental disclosure

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Lewis, Ben W., Walls, Judith L., Dowell, Glen W. S.·2014·Strategic Management Journal

DOI 10.1002/smj.2127

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Abstract

We contribute to the literature on firms' responses to institutional pressures and environmental information disclosure. We hypothesize that CEO characteristics such as education and tenure will influence firms' likelihood to voluntarily disclose environmental information. We test our hypotheses by examining firms' responses to the Carbon Disclosure Project ( CDP ) and find that firms led by newly appointed CEOs and CEOs with MBA degrees are more likely to respond to the CDP , while those led by lawyers are less likely to respond. Our results have implications for research on strategic responses to institutional pressures and corporate environmental performance . Copyright © 2013 John Wiley & Sons, Ltd.

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Lagging all independent and moderating variables by one year avoids concerns about simultaneity or reverse causality.
“To avoid concerns about simultaneity or reverse causality, we lagged all independent and moderating variables by one year (Reid and Toffel, 2009;Lewis, Walls, and Dowell, 2014).”
From Strategic Silence: Withholding Certification Status as a Hypocrisy Avoidance Tactic (2018) · cites this paper as Lewis, Walls, and Dowell, 2014
The Model specification section says the authors lagged control variables by one year to minimize simultaneity concerns. It also says CEO education and tenure were measured in the current year, so the paper does not support lagging all independent variables; it does not claim that lagging eliminates simultaneity or reverse-causality concerns. (LLM, conf=0.90)
Experimental — accuracy not yet measured
Company size is positively correlated with the likelihood of environmental disclosure and the number of prosocial claims made by a firm.
“prior research has found company size to be positively correlated with the likelihood of environmental disclosure (Reid and Toffel, 2009;Lewis, Walls, and Dowell, 2014) and, more generally, the number of prosocial claims made by a firm (McDonnell and King, 2013)”
From Strategic Silence: Withholding Certification Status as a Hypocrisy Avoidance Tactic (2018) · cites this paper as Lewis, Walls, and Dowell, 2014

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Authors: Lewis, B. W., Walls, J. L., & Dowell, G. W. S.
Affiliations: Brigham Young University (US)
Nanyang Technological University (SG)
Cornell University (US)
Corresponding author: Lewis, Ben W.
ORCID: Lewis, Ben W.
Walls, Judith L.
Dowell, Glen W. S.
Venue: Strategic Management Journal
Publisher: Wiley
Published: 2013-05-07
Volume: 35
Issue: 5
Pages: 712-722
ISSN: 0143-2095 (ISSN-L)
1097-0266
DOI: 10.1002/smj.2127
OpenAlex: W2135307257
Cited by: 713
References: 64
Citations by year: 2026: 81 · 2025: 104 · 2024: 97 · 2023: 81 · 2022: 81 · 2021: 78 · 2020: 55 · 2019: 32 · 2018: 44 · 2017: 20 · 2016: 12 · 2015: 15 · 2014: 9 · 2013: 2
FWCI: 37.53
Type: journal article
Language: en
Open access: bronze
doi.org
Licence: onlinelibrary.wiley.com/termsAndConditions#vor (vor)
Locations: Strategic Management Journal (publishedVersion)
SSRN Electronic Journal (acceptedVersion)
ScholarsArchive (Brigham Young University) (submittedVersion)
DR-NTU (Nanyang Technological University) (submittedVersion)
Topics: Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Identity and Reputation
Keywords: CEO characteristics, voluntary environmental disclosure, institutional pressures, Carbon Disclosure Project, CEO education, CEO tenure, corporate environmental performance

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Difference in degrees: CEO characteristics and firm environmental disclosure

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