How does board interlock network matter for sustainability? A social learning approach to corporate environmental performance
研究从社会学习视角出发，利用S&P 1500公司数据，分析董事会连锁网络如何通过直接和间接学习过程影响企业环境绩效，并发现与高连接性公司的连锁会增强这种学习效果。
Abstract The study proposes a social learning perspective for corporate environmental performance (CEP), drawing on the social network approach. We examine how a firm's board interlock connections affect its CEP through direct and indirect social learning processes. Moreover, we argue that a firm's board interlock ties to other well‐connected firms amplify the effects of social learning on CEP. Empirical analyses with a unique dataset of the S&P 1500 firms support our hypotheses. This research clarifies the network mechanisms underlying the firms' social learning on environmental performance. We also provide practical implications about boards as a reservoir for firms' learning of environmentally beneficial activities in inter‐corporate networks.