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Journal cover: Management Research Review

Management Research Review

ISSN: 2040-8269
Previously published as: Management Research News

Online from: 2010

Subject Area: Management Science/Management Studies

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A framework of theoretical lenses and strategic purposes to describe relationships among firm environmental strategy, financial performance, and environmental performance


Document Information:
Title:A framework of theoretical lenses and strategic purposes to describe relationships among firm environmental strategy, financial performance, and environmental performance
Author(s):Bruce Clemens, (School of Business, Western New England College, Springfield, Massachusetts, USA), Lynn Bakstran, (School of Business, Western New England College, Springfield, Massachusetts, USA)
Citation:Bruce Clemens, Lynn Bakstran, (2010) "A framework of theoretical lenses and strategic purposes to describe relationships among firm environmental strategy, financial performance, and environmental performance", Management Research Review, Vol. 33 Iss: 4, pp.393 - 405
Keywords:Corporate strategy, Environmental management, Financial performance, Resource management, Stakeholder analysis
Article type:Conceptual paper
DOI:10.1108/01409171011030480 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Abstract:

Purpose – The purpose of this paper is to investigate whether the type of theoretical lens and strategic purpose impacts the relationships among firm environmental strategy, financial performance, and environmental performance.

Design/methodology/approach – This is a theoretical paper which first investigates three constructs: firm environmental strategy, environmental performance, and economic performance. Scholars have argued for different relationships among the three constructs. The paper then discusses two theoretical lenses (strategic choice and the resource-based view) and two strategic purposes (stakeholder and shareholder) used in the literature. The paper argues that the type of theoretical lens and strategic purpose will impact the way the three constructs (firm environmental strategy, financial performance, and environmental performance) are arranged.

Findings – The paper provides a two-by-two matrix distinguishing between theoretical lens and strategic purpose. The paper argues that the specific choice of theoretical lens and strategic purpose helps define the way firm environmental strategy, financial performance, and environmental performance are arranged.

Originality/value – As different scholars have argued for different relationships among the three constructs, this paper provides a framework that could help justify the seemingly paradoxical relationships. The paper concludes with ideas for future research on these issues.



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