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Chapter
| Governance for the Environment: New Perspectives
| 2009
Self-regulatory Institutions for Solving Environmental Problems: Perspectives and Contributions from the Management Literature
by
Andrew A. King and Michael W. Toffel
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Abstract
Scholars of management have long considered how institutions can help resolve market imperfections and thereby improve human welfare. Most previous research has emphasized the use of for-profit firms. Such institutions cannot effectively address many environmental problems, however, because environmental problems often transcend firm boundaries. As a result, management scholars have begun to explore the use of more distributed institutional forms. In this article, we review the emerging scholarship on the formation and function of self-regulatory institutions.
Keywords: For-Profit Firms;
Investment;
Governing Rules, Regulations, and Reforms;
Corporate Social Responsibility and Impact;
Environmental Sustainability;
Competitive Advantage;