Impact of green management on CEO compensation: interplay of the agency theory and institutional theory perspectives

There has been growing interest in green management practices among practitioners, researchers and regulators in recent years. However, there is limited research that examines the connection between natural environments and human resource management practices. The current study examined the relationship between Chief Executive Officer (CEO) compensation and green management practices within the agency theory and institutional theory frameworks. Results revealed a significant negative relationship between green management practices and CEO base pay, however, there was not a significant relationship between green management practices and CEO bonuses. In line with previous agency theory research, findings suggest a negative relationship between state regulation and CEO compensation in green states. An important implication for practice is that the negative relationship may strengthen negative perceptions about green management practices among CEOs and reduce willingness to implement green management practices

CSR and environmental responsibility: motives and pressures to adopt green management practices

This paper examines the diffusion of environmental management initiatives in business and the motives and pressures reported by senior executives to adopt these practices in one industry. We frame these sustainable practices under the umbrella of corporate social responsibility (CSR) and examine the causal drivers of environmental behavior. This study used a mixed-methods approach and included a survey and 17 in-depth interviews with professional sports team and league executives. Data revealed both strategic and legitimacy motives to adopt environmental management practices. More specifically, the analysis suggested that strategic motives were the primary reason for adopting an environmental CSR focus. Motives to address institutional pressures were also found, although to a lesser extent. The paper discusses the role and relevance environmentally focused CSR plays in professional sport organizations in North America and presents suggestions for future research in this area. Copyright © 2010 John Wiley & Sons, Ltd and ERP Environment.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/79421/1/229_ftp.pd

Green supply chain management practices: evidence from Malaysia / Noor Sufiawati Khairani, Indra Devi Rajamanoharan and Nagarethnam Thirumanickam.

This study examines the green supply chain management (GSCM) practices found in a manufacturing firm operating in Malaysia. The findings indicate that by integrating ISO 14001 modules as the framework, the case firm has initiated several environmental management practices within the supply chain phases. The findings also indicate that the case firm’s inbound logistics, internal supply chain/production and outbound logistics processes conform to green management practices. However, reverse logistics practice, a key phase in GSCM is not practiced by the case firm. The present study besides adding knowledge to current literature, will also contribute in promoting environmental practice among companies operating in Malaysia, particularly on the effects that these practices have on the environmental, operational & financial performance. This work provides a starting-point for further research in GSCM in Malaysia

USA Triathlon: A Race Toward Sustainability

abstract: The staging of sport events occurs over a fixed duration of time, requiring an influx of resources and human involvement. This situation can result in environmental issues such as excess greenhouse gas emissions and waste generation. Furthermore, economic outcomes are not always equally shared amongst local host communities, and unequal access to participation can manifest in unforeseen ways from the event organizer's perspective. Sports organizations are recognizing the potential for operation related negative impacts, yet most efforts to mitigate these adverse outcomes lack theoretical grounding and holistic approaches aligned with principles of sustainability.  USA Triathlon (USAT) is not exempt from the challenges faced in sustainable event management. With 400,000 plus members, USAT has the largest membership of any sport's governing body in the country. Through managing five owned events and sanctioning over 4,300 on an annual basis, the combined potential for a negative footprint is significant. To temper the potential impacts of USAT events, this project focused on an overarching sustainable event strategy to equip management, operations, and race directors with a suite of resources to manage and mitigate the overall sustainability footprint of events toward desired outcomes that adhere to principles of sustainability

Integrating Environmental Issues Into Corporate Strategy: A Catalyst for Radical Organizational Innovation

This paper presents the results of a study conducted in manufacturing firms operating in the electrical and electronic sectors in Quebec. It investigates the extent to which environmental concerns are integrated into corporate strategy and the entire product development stages. Special attention is paid to the underlying decision process and the benefits derived from being green . Un étude conduite auprès des entreprises québécoises oeuvrant dans les secteur électrique et électronique permet d'évaluer le niveau d'intégration des préoccupations environnementales dans la stratégie corporative et dans les différentes phases du cycle de développement des produits. Les résultats de l'étude analysent les processus décisionnels sous-jacents ainsi que les bénéfices encourus par les entreprises qui ont privilégié une stratégie environnementale plus intense.Electrical indystry; Electronical industry; Environnemental concerns; Product development, Industrie électrique ; Industrie électronique ; Préoccupation environnementales ; Développement des produits

Green Drivers and Green Manufacturing Practices Integration in Agro Processing Industry: Moderating Effect of Sustainability Orientation

Developing a balance between manufacturing and ecological preservation is considered a major issue in every society and so attention must be paid to this relationship to protect plant, animal and human lives. Pressure for manufacturing firms to become green has risen greatly. Green manufacturing has been encouraged, practiced and researched for years but mostly in developed nations, but low in developing countries. This is a follow up study on a previous one conducted by the authors on the direct effects of green drivers on green practices, and this current one aims at the moderating role of sustainability orientation on the effects of driving factors on green practices in Ghana. Analysis was done using structural equation modeling (SEM). Evidently, sustainability orientation (SUO) moderated significantly between driving factors and green design practices, green purchasing practices and green promotion/selling. Green design practices adoption was facilitated most by SUO. Green management practices and green logistics practices were not moderated by SUO. Outcomes of this work could serve as a guide towards decision making by industry actors and government of Ghana on policy formulation and better processes for integrating green practices, not just in the agro processing industry but all others with activities of possible damage to the environment. Keywords: Green drivers, green practices, agro processing, sustainability orientation DOI: 10.7176/JESD/12-12-03 Publication date:June 30th 202

Managerial and financial barriers during the green transition

We use data on 10,852 firms across 22 emerging markets to analyse how credit constraints and deficient firm management inhibit corporate investment in green technologies. For identification, we exploit quasi-exogenous variation in local credit conditions. Our results indicate that both credit constraints and green managerial constraints slow down firm investment in more energy efficient and less polluting technologies. Complementary analysis of data from the European Pollutant Release and Transfer Register (E-PRTR) reveals the pollution impact of these constraints. We show that in areas where more firms are credit constrained and weakly managed, industrial facilities systematically emit more CO2 and other gases. This is corroborated by the finding that in areas where banks needed to deleverage more after the Global Financial Crisis, industrial facilities subsequently reduced their carbon emissions considerably less. On aggregate this kept CO2 emissions 5.6% above the level they would have been in the absence of credit constraints

Best Management Practices in Green Lodging Defined and Explained

Best management practices in green lodging are sustainable or “green” business strategies designed to enhance the lodging product from the perspective of owners, operators and guests. For guests, these practices should enhance their experience while for owners and operators, generate positive returns on investments. Best management practices in green lodging typically starts with a clear understanding of each lodging firm’s role in society, its impact on the environment and strategies developed to mitigate negative environmental externalities generated from the production of lodging goods and services. Negative externalities of hotel operations manifest themselves in energy and water usage, waste generation and air pollution. Hence, best management practices in green lodging are dynamic, cost effective, innovative, stakeholder driven and environmentally sound technical and behavioral solutions that attempt to ameliorate or eliminate the negative environmental externalities associated with lodging operations, while simultaneously generate positive returns on green investments. Thus, best management practices in green lodging should reduce lodging firms’ operating costs, increase guest satisfaction, reduce or eliminate the negative environmental impacts associated with hotel operations while simultaneously enhance business operations

Stakeholders’ environmental influence. An empirical analysis in the Spanish hotel industry

We draw on the insights of stakeholder theory to explore the extent to which environmental management practices are driven by (i) an attempt to enhance a firm’s legitimacy, and (ii) a response to pressures arising from powerful stakeholders. The material for this investigation has been gathered from a sample of 279 Spanish hotels. The hotel industry which is only marginally affected by environmental regulation and is thus a widely neglected setting in this context, could be a particularly interesting subject for investigation, able to throw some light on the extent to which firms produce different responses to the environmental concerns of their stakeholders. Our results reveal that corporate environmental management practices may be a response to genuine environmental concerns, and we then speak of explicit environmental management, or there may also be reasons different from the environmental, in which case we speak of tacit environmental management. Our findings suggest that explicit and tacit environmental management account for a variety of organizational responses to the environmental demands of stakeholders, depending on (i) the stakeholders’ power regarding environmental issues, (ii) the stakeholders’ use of power to protect the environment, and (iii) the perceived economic advantages of environmental management activities.Publicad