Does religious diversity play roles in corporate environmental decisions?

Amal Alabbad, Jafar Al Saleem and M. Kabir Hassan

Journal of Business Research, 2022, vol. 148, issue C, 489-504

Abstract: We examine whether religious diversity influences management decisions concerning the environment. Using a large U.S. sample, we document that the corporate environmental initiatives are positively associated with the religious diversity present in the counties within which that company’s headquarters resides. This positive association persists even after we control for firm characteristics and region demographic factors and after using a variety of robustness checks. In further analysis, we also show that companies in religiously diverse regions tend to support more initiatives that benefit the environment and attempt to resolve their negative impact on the environment. This paper contributes to the literature by examining the extent to which the characteristics of society shape firms’ environmental initiatives.

Keywords: Religious diversity; Corporate behaviors; Environment initiatives; Stewardship theory; Dominion theory (search for similar items in EconPapers)
JEL-codes: D22 M14 N3 P48 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:148:y:2022:i:c:p:489-504

DOI: 10.1016/j.jbusres.2022.04.058

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