In recent times the academic world has focused increasing attention on the challenges of corporate sustainability. While the concept of corporate sustainability originated in the context of environmental impact and natural resources, in recent years the concept has been broadened to include various social concerns ranging from animal welfare, human rights and labor conditions, to issues of inequality and social justice. There is now a large literature that provides many insights into the factors driving firms to become more sustainable, the key steps they take to do so, and the impacts of these actions.
This interdisciplinary 4-volume major work brings together the most significant papers from the body of literature on corporate sustainability, drawing from a wide range of research journals. The introductory chapter written by the major work’s editors explores the highlights of the literature therein and identifies directions for future research.
Volume 1: Concepts
Volume 2: Drivers
Volume 3: Strategy
Volume 4: Consequences
About the Author
Daniel Diermeier serves as the thirteenth Provost of the University of Chicago. As Provost, Diermeier has responsibility for academic and research programs across the University and oversees the University’s budget. Prior to his appointment as Provost, Diermeier was Dean of the Harris School of Public Policy from 2014-2016. He is the David Lee Shillinglaw Distinguished Service Professor at the Harris School and the College and a member of the Board of the University of Chicago Medical Center, the Board of Governors for Argonne National Laboratory, and the Board of Trustees of NORC.
Table of ContentsVOLUME ONE: CONCEPTSPart One: The Meaning of Sustainability Sustainability: An Economist's Perspective - Robert Solow Toward Some Operational Principles of Sustainable Development - Herman Daly A General Framework for Analyzing Sustainability of Social-Ecological Systems - Elinor Ostrom Intergenerational Equity and the Investment of Rents from Exhaustible Resources - John Hartwick Capital Theory and the Measurement of Sustainable Development: An Indicator of “Weak” Sustainability - David Pearce and Giles Atkinson Innovative Responses to Materials Shortages - Nathan Rosenberg Social Capital and the Collective Management of Resources - Jules Pretty Social Sustainability: A Catchword between Political Pragmatism and Social Theory - Beate Littig and Erich Grießler The Economics of Resources and the Resources of Economics - Robert SolowPart Two: Sustainability and Governance The Struggle to Govern the Commons - Thomas Dietz, Elinor Ostrom and Paul C. Stern Informational Regulation of Environmental Risks - Paul Kleindorfer and Eric Orts Institutional Evolution and Change: Environmentalism and the US Chemical Industry - Andrew HoffmanPart Three: Concepts of Corporate Sustainability A Natural-Resource-based View of the Firm - Stuart Hart Sustainability and the Firm - Forest Reinhardt Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving - James Andreoni Incentives and Prosocial Behavior. - Roland Benabou and Jean Tirole A Modigliani–Miller Theory of Altruistic Corporate Social Responsibility - Joshua Zivin and Arthur SmallVOLUME TWO: DRIVERSPart One: Private Politics Strategic Activism and Nonmarket Strategy - David Baron and Daniel Diermeier Trouble in Store: Probes, Protests, and Store Openings by Wal-Mart, 1998–2007 - Paul Ingram, Lori Qingyuan Yue and Hayagreeva Rao Private Environmental Activism and the Selection and Response of Firm Targets - Michael Lenox and Charles EesleyPart Two: Regulatory Pressure Compliance and Enforcement: Air Pollution Regulation in the U.S. Steel Industry - Wayne Gray and Mary Deily Enforcement and Over-Compliance - Jay Shimshack and Michael Ward The Impacts of the “Right to Know”: Information Disclosure and the Violation of Drinking Water Standards - Lori Bennearand Sheila Olmstead Self-Regulation and Social Welfare: The Political Economy of Corporate Environmentalism - John Maxwell, Thomas Lyon and Steven Hackett Organizational Responses to Environmental Demands: Opening the Black Box - Magali Delmas and Michael ToffelPart Three: Consumer Demand Why We Boycott: Consumer Motivations for Boycott Participation - Jill Gabrielle Klein, N. Craig Smith and Andrew John Green Markets and Private Provision of Public Goods - Mathew Kotchen Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility - Sankar Sen and C.B. Bhattacharya Private Provision of Environmental Public Goods: Household Participation in Green-Electricity Programs - Matthew Kotchen and Michael Moore Eco-Labeling Strategies and Price Premium: The Wine Industry Puzzle - Magali Delmas and Laura GrantPart Four: Employees and Management Why Companies Go Green: A Model of Ecological Responsiveness - Pratima Bansal and Kendall Roth A Positive Theory of Moral Management, Social Pressure, and Corporate Social Performance - David Baron Attracting Responsible Employees: Green Production as Labor Market Screening - Kjell Arne Brekke and Karine Nyborg Managerial Interpretations and Organizational Context as Predictors of Corporate Choice of Environmental Strategy - Sanjay SharmaVOLUME THREE: STRATEGYPart One: Environmental Management and Cost Leadership Effects of “Best Practices” of Environmental Management on Cost Advantage: The Role of Complementary Assets - Petra Christmann Exploring the Locus of Profitable Pollution Reduction - Andrew King and Michael Lenox Green Clubs and Voluntary Governance: ISO 14001 and Firms’ Regulatory Compliance - Matthew Potoski and Aseem Prakash Part Two: Green Markets, Product Differentiation and Ecolabeling Selling to Socially Responsible Consumers: Competition and the Private Provision of Public Goods - Mark Bagnoli and Susan Watts Label Confusion: The Groucho Effect of Uncertain Standards - Rick Harbaugh, John Maxwell and Beatrice Rousillon Can Eco-Labels Tune a Market? Evidence from Dolphin-Safe Labeling - Mario Teisl, Brian Roe and Robert Hicks Greenwash: Corporate Environmental Disclosure under Threat of Audit - Thomas Lyon and John Maxwell Tilting at Windmills? The Environmental Movement and the Emergence of the U.S. Wind Energy Sector - Wesley Sine and Brandon LeePart Three: Activists, Private Politics and Self-Regulation The Industrial Organization of Private Politics - David BaronPart Four: Industry self-Regulation Industry Self-Regulation without Sanctions: The Chemical Industry's Responsible Care Program - Andrew King and Michael Lenox Self-Regulation, Taxation, and Public Voluntary Environmental Agreements - Thomas Lyon and John Maxwell Testing the Effects of Self-Regulation on Industrial Accidents - Steven Finger and Shanti Gamper-RabindranPart Five: Political Strategy Toward a More General Theory of Regulation - Sam Peltzman Quality Leadership When Regulatory Standards are Forthcoming - Stefan Lutz, Thomas Lyon and John Maxwell Corporate Environmentalism and Environmental Statutory Permitting - Christopher DeckerVOLUME FOUR: CONSEQUENCESPart One: Corporate Financial Performance The Effect of Socially Activist Investment Policies on the Financial Markets: Evidence from the South African Boycott - Teoh Siew Hong, Ivo Welch and Paul Wazzan Do Corporate Global Environmental Standards Create or Destroy Market Value? - Glen Dowell, Stuart Hart and Bernard YeungPart Two: Investors Do Stock Markets Penalize Environment-Unfriendly Behaviour? Evidence From India - Shreekant Gupta and Bishwanath Goldar Misery Loves Companies: Rethinking Social Initiative by Business - Joshua Margolis and James Walsh Talking Trash: Legitimacy, Impression Management, and Unsystemmatic Risk in the Context of the Natural Environment - Pratima Bansal and Iain Clelland Social Movements as Extra-Institutional Entrepreneurs: The Effect of Protests on Stock Price Returns - Brayden King and Sarah Soule Doing Well by Doing Good? Green Office Buildings - Piet Eichholtz, Nils Kok and John Quigley Environmental Disclosure: Evidence from Newsweek’s Green Companies Rankings - Thomas Lyon and Jay himshackPart Three: Corporate Social and Environmental Performance Informal Regulation of Industrial Pollution in Developing Countries: Evidence from Indonesia - Sheoli Pargal and David Wheeler Information as Regulation: The Effect of Community Right to Know Laws on Toxic Emissions - Shameek Konar and Mark Cohen How Firms Respond to Mandatory Information Disclosure - Anil R. Doshi, Glen W.S. Dowell and Michael W. Toffel Public Disclosure of Industrial Pollution: The PROPER Approach for Indonesia? - Jorge H. García, Thomas Sterner and Shakeb Afsah Voluntary Compliance, Pollution Levels, and Infant Mortality in Mexico - Andrew Foster, Emilio Gutierrez and Naresh Kumar Multinationals and Anti-Sweatshop Activism - Ann Harrison and Jason Scorse