Multinational Companies and the Natural Environment: Determinants of Global Environmental Policy
基于化工行业调查数据，分析了跨国公司环境政策全球标准化的决定因素，发现不同外部利益相关者的压力促使公司标准化不同维度的环境政策，且公司特征也影响标准化程度。
This study analyzes the determinants of global standardization of multinational companies’ environmental policies. Survey data from the chemical industry show that MNCs standardize different environmental policy dimensions in response to pressures from different external stakeholders. MNC characteristics also affect environmental policy standardization. Findings demonstrate that the nature of stakeholder demands affects firms’ responses to stakeholder pressures. Because environmental policy standardization reduces MNCs’ ability to exploit cross-country differences in environmental regulations, these findings also have important implications for the self-regulation of MNCs’ environmental conduct.