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Title
External Pressures or Internal Governance What Determines the Extent of Corporate Responses to Climate Change?
AuthorDamert, Matthias ; Baumgartner, Rupert J.
Published in
Corporate Social Responsibility and Environmental Management, 2017, Vol. 25, Issue 4, page 473-488
Published2017
Edition
Publisher version
LanguageEnglish
Document typeJournal Article
Keywords (EN)climate change / corporate action / automotive industry / institutional environment / corporate governance / stakeholder
ISSN1535-3966
URNurn:nbn:at:at-ubg:3-4730 Persistent Identifier (URN)
DOI10.1002/csr.1473 
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 The work is publicly available
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Abstract (English)

To prevent adverse effects from climate change, it is vital to involve the private sector in mitigation efforts. So far, however, research has insufficiently addressed the determinants of corporate action in specific industries. Our paper aims at bridging this gap by empirically analyzing the global automotive industry's response to climate change mitigation issues. We use publicly available information from 105 sector leaders to investigate the role of external institutional pressures and intra-organizational governance in the extent of corporate action. Based on a multiple regression analysis, we find that organizational involvement and the integration of climate change into risk management exhibit the greatest influence. Moreover, companies with business activities that necessitate interaction with the end consumer tend to be most active. Our analysis furthermore indicates that neither the stringency of a firm's home country's climate policy regime nor the degree of internationalization is associated with a higher implementation level of response strategies.

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CC-BY-License (4.0)Creative Commons Attribution 4.0 International License