Walking the talk, but above all, talking the walk: Looking green for market stakeholder engagement

Javier Amores‐salvadó, Gregorio Martin‐de Castro and Elisabeth Albertini ()
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Javier Amores‐salvadó: UCM - Universidad Complutense de Madrid = Complutense University of Madrid [Madrid]
Gregorio Martin‐de Castro: UCM - Universidad Complutense de Madrid = Complutense University of Madrid [Madrid]
Elisabeth Albertini: IAE Paris - Sorbonne Business School

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Abstract: In recent years, corporate environmental commitment is showing different postures going from greenwashing to undue modesty and from environmental excellence to environmental inaction. In this paper, we go a step beyond the most recent research work on the dichotomy greenwashing-brownwashing and develop a more comprehensive model that reflect more subtly four main corporate environmental strategic positions based on both firm's environmental performance and disclosure achievements. Jointly with their characterization, and adopting a question-driven approach we add to the literature on environmental disclosure-firm performance proposing an explorative research question that consider cluster membership on market firm performance under the general assumption that, at least theoretically, each of the four main corporate environmental strategic positions under analysis can result in market performance improvements. Our empirical results from a panel data of international industrial companies show very interesting and novel insights, highlighting the fact that being green is good, but above all, it is good to look green.

Keywords: brownwashing; environmental disclosure; environmental performance; greenwashing; market performance; panel data; question-driven approach; stakeholder engagement (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ene and nep-env
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03760088v1
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Citations: View citations in EconPapers (2)

Published in Corporate Social Responsibility and Environmental Management, 2022, ⟨10.1002/csr.2364⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03760088

DOI: 10.1002/csr.2364

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