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The heterogeneous relationship between board social ties and corporate environmental responsibility in an emerging economy

机译：新兴经济中董事会社会关系与企业环境责任之间的异质关系

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摘要

Firms in emerging economies are faced with multiple, incompatible institutional forces in their environmental activities. Which of these forces will be dominant and instantiated within an organization is partly determined by the social relationships that a firm maintains with external actors. This paper investigates the relationship between board social ties and the level of environmental responsibility undertaken by firms in China, an emerging economy, by categorizing board social ties into three types in terms of the three isomorphic forces in the institutional field (coercive, normative and mimetic). Drawing on institutional and agency theories, using a sample of listed firms in environmentally sensitive industries, and a generalized least squares regression method, the results provide empirical evidence that ties that are linked to coercive and normative forces (i.e., political organizations and universities) are related to a higher level of environmental responsibility; however, those that are linked to mimetic forces (i.e., industrial peers) have a negative association with environmental responsibility, which is mitigated by CEO power. These findings suggest that the heterogeneous effects of board social ties on environmental responsibilities experienced by firms in a context of environmentalism are at an early stage.
机译：新兴经济体的公司在环境活动中面临着多种不相容的制度力量。这些力量中的哪一个将在组织内部占主导地位并被实例化，部分取决于企业与外部参与者保持的社会关系。本文通过根据制度领域的三种同构力量（强制性，规范性和模仿性）将董事会社会关系分为三种类型，研究了董事会社会关系与中国新兴经济体企业承担的环境责任水平之间的关系。 ）。利用机构和代理理论，使用对环境敏感的行业中的上市公司样本以及广义最小二乘回归方法，结果提供了经验证据，证明与强制性和规范性力量（即政治组织和大学）相关的联系是与更高级别的环境责任有关；但是，那些与模仿力量相关联的人（即，工业同行）与环境责任之间存在负相关关系，而首席执行官的权力则可以减轻这种负面影响。这些发现表明，董事会社会关系对企业在环境主义背景下所承担的环境责任的异质影响还处于早期阶段。

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