The role of carbon transition risks in corporate strategic decisions
In this research project, we delve into the relationship between non-market risks and corporate-level strategy in the context of increasing carbon transition risks associated with carbon emissions. The proposal for this project was awarded the esteemed Research in Strategic Management Program (RSM) grant.
2. Local ownership and facility environmental performance (with Jiao Luo, University of Minnesota)
This research project is based on my doctoral dissertation. In this project, we study the impact of corporate ownership and community conditions on firm environmental pollution. While the existing literature often thinks of environmental pollution as a unitary construct, we emphasize the distinction between toxic emissions, which have immediate but locally bounded impact, and greenhouse gas (GHG) emissions which have gradual but global impact, producing climate change. Leveraging within-facility changes in ownership status, we show that locally owned firms have lower levels of toxic emissions, but they are also less likely to report GHG emissions, and have higher levels of such emissions when they do report them, with these effects being stronger where the owner is not only headquartered locally, but has operations limited to that state. These results suggest that while the pressures of local embeddedness may drive firms to be more environmentally responsible towards their local community, they also make firms more indifferent to their global environmental impact.
Main data sets: US EPA Greenhouse Gas Reporting Program (GHGRP) and Toxic Release Inventory (TRI)
The earlier version of the paper was among finalists of That's interesting award of the AIB 2021
3. The environmental implications of facility unionization (with Dong Hyun Shin, City Univ. of Hong Kong)
In this research project, we explore the implications of facility unionization on facility environmental performance, using US EPA TRI database and Federal Mediation and Conciliation Service (FMCS). Preliminary results are available upon request.
