Department of Accounting and Financial Management, Newcastle Business School, Northumbria University, Newcastle, NE1 8ST, UK; Department of Accounting, Faculty of Commerce, Zagazig University, Zagazig, Egypt.
Leicester Castle Business School, De Montfort University, The Gateway, Leicester, LE1 9BH, United Kingdom; Faculty of Economics, Misurata University, Misurata City, PO Box 2478, Libya.
J Environ Manage. 2023 Sep 1;341:118063. doi: 10.1016/j.jenvman.2023.118063. Epub 2023 May 3.
This study aims to examine the potential impact (substantive or symbolic) of firms' anti-bribery and corruption commitments (ABCC) on environmental management performance (ENVS). We also seek to explore whether this link is contingent on corporate social responsibility (CSR) accountability and executive compensation governance. To achieve these aims, we use a sample of 2151 firm-year observations representing 214 FTSE 350 non-financial companies from 2002 to 2016. Our findings support a positive association between firms' ABCC and ENVS. In addition, our evidence shows that CSR accountability and executive compensation governance are significant substitutes for ABCC to engender enhanced ENVS. Our study highlights practical implications for organisations, regulators and policymakers, and suggests several avenues for future environmental management research. Overall, our findings are unsensitive to alternative measures of ENVS, different types of multivariate regression methods, namely ordinary least squares (OLS) and two-step generalized method of moments (GMM) regressions, and controlling for industry environmental risk and the implementation of the UK Bribery Act 2010.
本研究旨在考察企业反贿赂和反腐败承诺（ABCC）对环境管理绩效（ENVS）的潜在影响（实质性或象征性）。我们还试图探讨这种联系是否取决于企业社会责任（CSR）问责制和高管薪酬治理。为了实现这些目标，我们使用了 2002 年至 2016 年间代表 214 家富时 350 家非金融公司的 2151 个公司年度观测值的样本。我们的研究结果支持企业 ABCC 与 ENVS 之间存在积极关联。此外，我们的证据表明，CSR 问责制和高管薪酬治理是 ABCC 的重要替代品，可以提高 ENVS。本研究为组织、监管机构和政策制定者提供了实际意义，并为未来的环境管理研究提出了几个途径。总的来说，我们的研究结果对替代的 ENVS 衡量标准、不同类型的多元回归方法（即普通最小二乘法（OLS）和两步广义矩法（GMM）回归）以及控制行业环境风险和英国 2010 年《反贿赂法》的实施均不敏感。
