Abstract
We examine differences in environmental performance among Fortune 500 companies by asking: what factors might explain differences between poor and strong performance? Does industry matter? And what can explain discrepancies in firms’ accounts of their performance when compared to the actual performance? In this exploratory, theory generating study we apply an embedded mixed method approach to address these questions by using four data sets: (a) firm’s environmental performance as reported by Newsweek statistics, (b) firm’s safety performance as reported to OSHA, (c) a survey conducted among top executives of the Fortune 500 companies, and (d) interviews with one of the top 5 executives in Fortune 500 companies. We find that high-performing manufacturing companies have higher ability to transfer knowledge across functional boundaries and source and exploit new knowledge. They also seek to challenge the status quo to show elevated concerns for employee safety. Poorly performing manufacturing companies share...
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