The impact of institutional pressure on the environmental strategy was analyzed and the heterogeneous choices available for corporate environmental strategy. A total of 597 publicly listed companies in heavily polluting industries were selected using multiple Logit models for empirical research. The results show that more companies choose environmental leadership strategies when the policy pressure is greatest; however, more companies choose pollution prevention strategies when the regulatory and public pressures are greatest; finally, organizations with more redundant resources and strong asset specificity are more inclined to choose environmental leadership strategies as institutional pressures increase. The findings provide a decision-making framework to promote environmental protection measures related to policy formulation, government supervision and public participation. Our study also provides empirical evidence to guide environmental strategic choices for heavily polluting enterprises.
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Posted 15 Mar, 2021
Received 12 Mar, 2021
Invitations sent on 12 Mar, 2021
On 10 Mar, 2021
On 24 Feb, 2021
On 17 Feb, 2021
Posted 15 Mar, 2021
Received 12 Mar, 2021
Invitations sent on 12 Mar, 2021
On 10 Mar, 2021
On 24 Feb, 2021
On 17 Feb, 2021
The impact of institutional pressure on the environmental strategy was analyzed and the heterogeneous choices available for corporate environmental strategy. A total of 597 publicly listed companies in heavily polluting industries were selected using multiple Logit models for empirical research. The results show that more companies choose environmental leadership strategies when the policy pressure is greatest; however, more companies choose pollution prevention strategies when the regulatory and public pressures are greatest; finally, organizations with more redundant resources and strong asset specificity are more inclined to choose environmental leadership strategies as institutional pressures increase. The findings provide a decision-making framework to promote environmental protection measures related to policy formulation, government supervision and public participation. Our study also provides empirical evidence to guide environmental strategic choices for heavily polluting enterprises.
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