EFFECTS OF "BEST PRACTICES" OF ENVIRONMENTAL MANAGEMENT ON COST ADVANTAGE: THE ROLE OF COMPLEMENTARY ASSETS.
2000/08/01 by P. Christmann, Petra Christmann · 1,801 citations
Business, Management and Accounting · Engineering · #Business #Competitive advantage #Economics #Environmental Sustainability in Business #Environmental resource management #Industrial organization #Management #Marketing #Operations management #Organizational effectiveness #Process management #Sustainable Building Design and Assessment #Sustainable Supply Chain Management
paper · doi:10.2307/1556360
published in Academy of Management Journal 43(4), 663-680 (Academy of Management)
openalex publication_date 2000/08/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/26
Abstract
Research on the effects on firm performance of “best practices” of environmental management, which are supposed to enable firms to simultaneously protect the environment and reduce costs, has so far ignored the roles of existing firm resources and capabilities. Drawing on the resource-based view of the firm, this study analyzes whether complementary assets are required to gain cost advantage from implementing best practices. Results based on survey data from 88 chemical companies indicate that capabilities for process innovation and implementation are complementary assets that moderate the relationship between best practices and cost advantage, a significant factor in determining firm performance.
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