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Green Management Matters Only If It Yields More Green: An Economic/Strategic Perspective

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  • Donald Siegel

    ()
    (School of Business University at Albany, SUNY)

Abstract

This essay was written in response to the theme of this years Academy of Management Meeting, Green Management Matters. I assert that firms should adopt green management practices only if such activities complement the organizations business and corporate-level strategies and ultimately, enhance profitability or shareholder wealth. To illustrate this, I outline an economic/strategic perspective on green management practices, focusing on the strategic benefits and competitive dynamics associated with this activity. I also identify specific tactics firms can employ to achieve such strategic goals, as well as the functional areas affected by these decisions.

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File URL: http://www.jimsisrael.org/pdf/ampgreensiege53109.pdf
File Function: First version, 2009
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Bibliographic Info

Paper provided by Jerusalem Institute for Market Studies (JIMS) in its series Working Papers with number 8.

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Length: 28 pages
Date of creation: May 2009
Date of revision:
Publication status: Forthcoming, Academy of Management Perspectives
Handle: RePEc:jms:wpaper:8

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Web page: http://www.jims-israel.org
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Related research

Keywords: Green Management; Corporate-level Strategies; Profitability; Shareholder Wealth;

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References

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  1. David P. Baron, 2001. "Private Politics, Corporate Social Responsibility, and Integrated Strategy," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(1), pages 7-45, 03.
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  3. Catherine J. Morrison-Paul & Donald S. Siegel, 2006. "Corporate Social Responsibility and Economic Performance," Rensselaer Working Papers in Economics 0605, Rensselaer Polytechnic Institute, Department of Economics.
  4. Donald S. Siegel & Donald F. Vitaliano, 2006. "An Empirical Analysis of the Strategic Use of Corporate Social Responsibility," Rensselaer Working Papers in Economics 0602, Rensselaer Polytechnic Institute, Department of Economics.
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  8. Terlaak, Ann & King, Andrew A., 2006. "The effect of certification with the ISO 9000 Quality Management Standard: A signaling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 60(4), pages 579-602, August.
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  14. Nelson, Philip, 1974. "Advertising as Information," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 729-54, July/Aug..
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  16. Alfred A. Marcus & Marc H. Anderson, 2006. "A General Dynamic Capability: Does it Propagate Business "and" Social Competencies in the Retail Food Industry?," Journal of Management Studies, Wiley Blackwell, vol. 43(1), pages 19-46, 01.
  17. Besley, Timothy & Ghatak, Maitreesh, 2007. "Retailing public goods: The economics of corporate social responsibility," Journal of Public Economics, Elsevier, vol. 91(9), pages 1645-1663, September.
  18. David A. Waldman & Donald S. Siegel & Mansour Javidan, 2006. "Components of CEO Transformational Leadership and Corporate Social Responsibility," Journal of Management Studies, Wiley Blackwell, vol. 43(8), pages 1703-1725, December.
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  20. Paton, David & Siegel, Donald S., 2005. "The economics of corporate social responsibility: an overview of the special issue," Structural Change and Economic Dynamics, Elsevier, vol. 16(3), pages 309-312, September.
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Citations

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Cited by:
  1. Mabaya, Edward & Tihanyi, Krisztina Z. & Nwoga, Michelle & Cacho, Joyce, 2013. "Next Steps: The Evolution of CSR at Novus International, Inc," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 16(3).
  2. Isabel Lourenço & Manuel Branco & José Curto & Teresa Eugénio, 2012. "How Does the Market Value Corporate Sustainability Performance?," Journal of Business Ethics, Springer, vol. 108(4), pages 417-428, July.
  3. McGuire, Jean & Dow, Sandra & Ibrahim, Bakr, 2012. "All in the family? Social performance and corporate governance in the family firm," Journal of Business Research, Elsevier, vol. 65(11), pages 1643-1650.
  4. Noushi Rahman & Corinne Post, 2012. "Measurement Issues in Environmental Corporate Social Responsibility (ECSR): Toward a Transparent, Reliable, and Construct Valid Instrument," Journal of Business Ethics, Springer, vol. 105(3), pages 307-319, February.
  5. Isabel Lourenço & Jeffrey Callen & Manuel Branco & José Curto, 2014. "The Value Relevance of Reputation for Sustainability Leadership," Journal of Business Ethics, Springer, vol. 119(1), pages 17-28, January.
  6. Rachel Bocquet & Caroline Mothe, 2013. "Profils des entreprises en matière de RSE et innovation technologique," Post-Print hal-00950166, HAL.
  7. Haylee Uecker-Mercado & Matthew Walker, 2012. "The Value of Environmental Social Responsibility to Facility Managers: Revealing the Perceptions and Motives for Adopting ESR," Journal of Business Ethics, Springer, vol. 110(3), pages 269-284, October.
  8. Timo Busch & Nils Lehmann & Volker H. Hoffmann, 2012. "Corporate Social Responsibility, Negative Externalities, and Financial Risk: The Case of Climate Change," Tinbergen Institute Discussion Papers 12-102/IV/DSF40, Tinbergen Institute.
  9. Maria Joutsenvirta, 2013. "Executive Pay and Legitimacy: Changing Discursive Battles Over the Morality of Excessive Manager Compensation," Journal of Business Ethics, Springer, vol. 116(3), pages 459-477, September.
  10. Francesco Perrini & Angeloantonio Russo & Antonio Tencati & Clodia Vurro, 2011. "Deconstructing the Relationship Between Corporate Social and Financial Performance," Journal of Business Ethics, Springer, vol. 102(1), pages 59-76, March.
  11. René Bohnsack & Jonatan Pinkse & Ans Kolk, 2014. "Business models for sustainable technologies: Exploring business model evolution in the case of electric vehicles," Grenoble Ecole de Management (Post-Print) hal-00936886, HAL.
  12. Lee, Ki-Hoon & Farzipoor Saen, Reza, 2012. "Measuring corporate sustainability management: A data envelopment analysis approach," International Journal of Production Economics, Elsevier, vol. 140(1), pages 219-226.
  13. David Waldman, 2011. "Moving Forward with the Concept of Responsible Leadership: Three Caveats to Guide Theory and Research," Journal of Business Ethics, Springer, vol. 98(1), pages 75-83, January.
  14. Metaxas, Theodore & Tsavdaridou, Maria, 2011. "A comparative content analysis of CSR strategies oriented to environmental issues between Greek and European CSR practices," MPRA Paper 41022, University Library of Munich, Germany, revised 2011.
  15. repec:hal:gemwpa:hal-00961226 is not listed on IDEAS

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