000166074 001__ 166074
000166074 005__ 20260119170325.0
000166074 0247_ $$2doi$$a10.1002/bse.70484
000166074 0248_ $$2sideral$$a147477
000166074 037__ $$aART-2025-147477
000166074 041__ $$aeng
000166074 100__ $$0(orcid)0000-0003-4045-5918$$aSuárez-Perales, Inés$$uUniversidad de Zaragoza
000166074 245__ $$aHow are large firms integrating environmental requirements? stakeholders' engagement, environmental disclosure, and financial value creation
000166074 260__ $$c2025
000166074 5060_ $$aAccess copy available to the general public$$fUnrestricted
000166074 5203_ $$aIn recent years, companies have been subjected to great pressures from different stakeholders, including the integration of environmental requirements and the need to disclose information related to these environmental changes. In addition, the conflict of interests existing has led some large companies to integrate the interests of certain stakeholders in a superficial or symbolic way, without carrying out the required integration process within the strategic decisions. From the theoretical approaches of agency and stakeholders, bridging the gap between governance theory and stakeholder engagement literature, this paper delves into the phenomenon known as stakeholders' engagement and the company's response to this integration, in a superficial or deep way, through the disclosure of environmental information. The results of an analysis of a sample of 540 large US companies over a 13‐year period reveal that independent directors play a dual role: promoting environmental communication with stakeholders' expectations and subsequently driving substantive environmental strategies that go beyond mere regulatory compliance. The article thus presents a progressive model in which effective environmental disclosure depends on the integration of stakeholder interests into corporate strategy. Our results also contribute to extend Porter's hypothesis by demonstrating that long‐term value creation associated with environmental performance depends on the substantive nature of the company's environmental strategy, which is actively facilitated by independent directors.
000166074 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S42-23R-CREVALOR$$9info:eu-repo/grantAgreement/ES/MICINN/PID2020-113338RB-I00$$9info:eu-repo/grantAgreement/EUR/MICINN/TED2021-130238B-I00
000166074 540__ $$9info:eu-repo/semantics/embargoedAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000166074 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000166074 700__ $$0(orcid)0000-0001-9319-5895$$aRivera-Torres, Pilar$$uUniversidad de Zaragoza
000166074 700__ $$0(orcid)0000-0001-5003-4039$$aGarcés-Ayerbe, Conchita$$uUniversidad de Zaragoza
000166074 700__ $$aBeortegui Díaz, Rafael
000166074 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000166074 7102_ $$14011$$2095$$aUniversidad de Zaragoza$$bDpto. Direc.Mark.Inves.Mercad.$$cÁrea Comerci.Investig.Mercados
000166074 773__ $$g(2025), [13 pp.]$$pBus. strat. environ.$$tBusiness Strategy and the Environment$$x0964-4733
000166074 8564_ $$s424371$$uhttps://zaguan.unizar.es/record/166074/files/texto_completo.pdf$$yPostprint$$zinfo:eu-repo/date/embargoEnd/2027-12-04
000166074 8564_ $$s1670678$$uhttps://zaguan.unizar.es/record/166074/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint$$zinfo:eu-repo/date/embargoEnd/2027-12-04
000166074 909CO $$ooai:zaguan.unizar.es:166074$$particulos$$pdriver
000166074 951__ $$a2026-01-19-14:39:28
000166074 980__ $$aARTICLE