Keywords
Citation
(2013), "Environmental capabilities and corporate strategy: exploring acquisitions among US manufacturing firms", Strategic Direction, Vol. 29 No. 1. https://doi.org/10.1108/sd.2013.05629aaa.004
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited
Environmental capabilities and corporate strategy: exploring acquisitions among US manufacturing firms
Article Type: Abstracts From: Strategic Direction, Volume 29, Issue 1
Berchicci L. Dowell G. King A.A.Strategic Management Journal, Sep 2012, Vol. 33 Issue: 9 Start Page: 1053 No of pages: 19
In this article, we investigate whether environmental capabilities influence firms’ corporate strategies, a topic that has received little attention to date. We hypothesize that firms are more likely to acquire facilities when ownership facilitates the transfer of capabilities either to or from the facility. Using a panel from the US government’s Toxics Release Inventory Program, we find firms with superior environmental capabilities are significantly more likely to acquire physically proximate facilities with inferior environmental capabilities and vice versa. Our results extend theories of both corporate and environmental strategy. Article type: Research paper ISSN: 0143-2095 Reference: 41AT542
Keywords: Acquisitions, Corporate strategy, Environmental capabilities, Geographic distance, Ownership change