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Cited by 1,234

The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.

Environmental Performance and Executive Compensation: An Integrated Agency-Institutional Perspective

Berrone, Pascual, Gomez-Mejia, Luis R.·2009·Academy of Management Journal

Abstract

Relying on institutional theory, agency rationale, and environmental management research, we hypothesize that, in polluting industries, good environmental performance increases CEO pay; that environmental governance mechanisms strengthen this linkage; that pollution prevention strategies affect executive compensation more than end-of-pipe pollution control; and that long-term pay increases pollution prevention success. Using longitudinal data on 469 U.S. firms, we found support for three hypotheses. Contrary to our expectations, firms with an explicit environmental pay policy and an environmental committee do not reward environmental strategies more than those without such structures, suggesting that these mechanisms play a merely symbolic role.

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Crossref · 10.5465/amj.2009.36461950

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Metadata

Authors
Berrone, P., & Gomez-Mejia, L. R.
Venue
Academy of Management Journal
Published
2009-02
Volume
52
Issue
1
Pages
103-126
ISSN
  • 0001-4273 (ISSN-L)
  • 1948-0989
OpenAlex
W2316606906
Cited by
1,234
References
9
FWCI
91.52
Type
journal article
Language
en
Open access
closed

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