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http://bura.brunel.ac.uk/handle/2438/30929| Title: | Towards the Natural Environment Agency Theory (NEAT) |
| Authors: | Shaukat, A Trojanowski, G Tharyan, R |
| Keywords: | agency theory;stakeholders;natural environment;corporate social responsibility;environmental disclosures;environmental performance;structural equation modelling |
| Issue Date: | 9-Jul-2024 |
| Publisher: | Academy of Management |
| Citation: | Amama Shaukat, Rajesh Tharyan, and Grzegorz Trojanowski (2024) 'Towards the Natural Environment Agency Theory (NEAT)' Academy of Management Proceedings, 2024 (1), pp. 1 - 1. doi: 10.5465/AMPROC.2024.18724abstract. |
| Abstract: | Drawing on insights from theories in management, economics, finance, and accounting, we develop the natural environment agency theory (NEAT) to study the agency relation between business and society in the context of natural environment. Based on public property rights to clean air, water, and land, we argue that a business (agent) has an implicit contract with society (principal). Under this contract, it agrees not to impose on society natural environmental agency costs (NEACs) of pollution, depletion, and degradation while producing and selling goods/services in return for its license to operate. Drawing on stakeholder and agency related concepts, we propose and test the effectiveness of NEAC-reducing mechanisms, including monitoring, bonding, and incentives. We find support for NEAT predictions. Our findings open novel directions for future research and inform policy and practice. |
| Description: | Conference paper presented at the 84th Annual Meeting of the Academy of Management, Chicago, IL, USA, 9-14 August 2024. A preprint version is available at SSRN, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4519832. Date Written: May 28, 2024. JEL Classification: G3, G39, M4, M41, Q5. |
| URI: | https://bura.brunel.ac.uk/handle/2438/30929 |
| DOI: | https://doi.org/10.5465/AMPROC.2024.18724abstract |
| ISSN: | 0065-0668 |
| Other Identifiers: | ORCiD: Amama Shaukat https://orcid.org/0000-0002-5137-7006 |
| Appears in Collections: | Brunel Business School Research Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Embargoed indefinitely. No re-use permitted by Academy of Management. | 666.97 kB | Adobe PDF | View/Open |
| MeetingAbstract.pdf | Copyright © 2024 Academy of Management. All rights reserved. After the embargo period, posting of the Accepted Manuscript is acceptable on an author's website (individual or associated with an institution), institutional repository, or free online through search engines. Contents may not be copied, emailed, posted to a listserv, or otherwise transmitted without the copyright holder’s express written permission. Users may print, download, or email articles for individual use only. REUSE: • Accepted manuscripts will include a CC-BY-NC-ND user license (https://creativecommons.org/licenses/by-nc-nd/4.0/). Authors retain the right to reuse their articles for a wide range of purposes. Authors must appropriately cite the article including the DOI: Amama Shaukat, Rajesh Tharyan, and Grzegorz Trojanowski, 2024: Towards the Natural Environment Agency Theory (NEAT). Proceedings, 2024, https://doi.org/10.5465/AMPROC.2024.18724abstract (see: https://aom.org/research/publishing-with-aom/open-access and https://aom.org/docs/default-source/publishing-with-aom/oa_author_usage.pdf). | 53.19 kB | Adobe PDF | View/Open |
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