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August 1997
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5 Reads
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2 Citations
This paper suggests that a firm's strategic orientation constrains its core resource base and influences the pattern of technology relationships that it undertakes. The research results suggest that strategic configuration theory, resource-based theory, and industry-level technology evolution models are consistent, and combine to explain a firm's pattern of technology relationships
June 1997
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171 Reads
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3,055 Citations
Academy of Management Journal
June 1997
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10,194 Reads
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3,308 Citations
Academy of Management Journal
Drawing on the resource-based view of the firm, we posited that environmental performance and economic performance are positively linked and that industry growth moderates the relationship, with the returns to environmental performance higher in high-growth industries. We tested these hypotheses with an analysis of 243 firms over two years, using independently developed environmental ratings. Results indicate that "it pays to be green" and that this relationship strengthens with industry growth. We conclude by highlighting the study's academic and managerial implications, making special reference to the social issues in management literature. We wish to express our appreciation to the Franklin Research and Development Corporation for allowing us to use their proprietary database and to Roger Chope and Steven Matsunaga for assistance with methodological issues. We also thank Thomas Dean, Neil Fargher, David Levy, John Mahon, Alan Meyer, Peter Mills, Richard Mowday, and the anonymous reviewers for helpful comments.
... Managing carbon emissions is both an environmental necessity and a driver of sustainable business practices. Implementing carbon emission reduction measures can optimize energy usage, reduce operational costs, and enhance a firm's competitiveness by meeting regulatory requirements and customer expectations [37]. The reduction of carbon emissions also helps mitigate the risks associated with extreme weather events and protect global ecosystems [38]. ...
June 1997
Academy of Management Journal
... this group of studies also encompasses seminal works from various theories frequently adopted to investigate the construct of absorptive capacity in a green context, including the resource-based view (Barney, 1991), the natural-resource-based view (hart, 1995), the knowledge-based theory (grant, 1996;lane & lubatkin, 1998;March, 1991), and dynamic capabilities (eisenhardt & Martin, 2000;teece et al., 1997). significant studies, such as those by Delmas et al. (2011), Russo and Fouts (1997), and sharma and Vredenburg (1998) further extend the application of these theoretical frameworks into the green context, emphasizing the integration of environmental sustainability into strategic management. Overall, researchers seeking to understand the dynamics of absorptive capacity in the green context should first review this group of studies, as they form the basis for understanding absorptive capacity and offer theoretical perspectives for investigating this construct. ...
June 1997
Academy of Management Journal
... In fact, it is practically impossible for a single firm to internally create all the knowledge required [9]. Hence, a continuous exchange of knowledge is needed with external sources, and it is only by means of collaborative arrangements with other companies that internal and external complementary competencies can be combined [2,8,10]. ...
August 1997
