Board interlocks, absorptive capacity, and environmental performance
结合资源依赖理论和吸收能力概念,研究董事会连锁如何通过吸收能力影响企业环境绩效,发现连锁多样性(数量、行业内外、与顶尖企业连锁)能提升环境绩效,且吸收能力(研发强度)起调节作用。
Abstract Coupling resource dependence theory with absorptive capacity concepts, we analyze the role absorptive capacity plays as a potential facilitator between board interlocks and environmental performance. Board interlocks act as avenues for knowledge and information that exist outside the organization to become resources to improve environmental performance. However, an organization also needs the ability to utilize knowledge to implement activities that lead to better environmental performance. Our results show that firms with a diversity of interlocks (greater number of board interlocks, interlocks in the same and different industries, and interlocks with top performers) achieve better environmental performance. Furthermore, we find that absorptive capacity, as measured by research and development (R&D) intensity, moderates the relationship between board interlocks and environmental performance.