Firm strategic choice and sustainable development: Lessons from large public Latin American firms
Utilizing a conservationist metaphor adapted from Moyle (1997), we observe the strategic "choice" of 207 large Latin American public firms to engage in sustainable development schemas. Specifically, we examine the regional interaction between firm-level mimetic and normative institutional theoretical pillars against global sustainable development (SD) initiatives-the United Nations Global Compact and the Global Report Initiative. Our results indicate global pressures drive normative responses towards the legitimization of firm-level SD initiatives, whereas local pressures influence mimetic responses towards the legitimization of firm-level SD initiatives both within the Latin American region.
Institutional theory, Strategic responses, Sustainable development
Perez-Batres, Luis A., Van V. Miller, and Michael J. Pisani. "FIRM STRATEGIC CHOICE AND SUSTAINABLE DEVELOPMENT: LESSONS FROM LARGE PUBLIC LATIN AMERICAN FIRMS." In Academy of Management Proceedings, vol. 2009, no. 1, pp. 1-6. Briarcliff Manor, NY 10510: Academy of Management, 2009.
Academy of Management 2009 Annual Meeting: Green Management Matters, AOM 2009