@article{Michalisin_Stinchfield_2010, place={Huntsville, Texas}, title={Climate Change Strategies and Firm Performance: An Empirical Investigation of The Natural Resource-Based View of The Firm}, volume={27}, url={https://jbs-ojs-shsu.tdl.org/jbs/article/view/103}, DOI={10.54155/jbs.27.2.123-149}, abstractNote={<p>There is widespread consensus that human activity has had a significant im­pact on global <br>climatic patterns which will have important consequences for much of society. Although there <br>has been much research on the relationship between cor­porate environmental performance and <br>corporate financial performance, empirical testing of the association between proactive <br>corporate climate-change strategies and financial (or accounting) performance is still in its <br>infancy. Based on the logic em­bodied in the Natural Resource-Based View (NRBV) of the firm, firms <br>that success­ fully implement strategies to lessen their effect on climate change should outperform <br>competitors who are less proactive in such efforts. This study uses a matched-pair design to <br>empirically demonstrate that firms with proactive climate change strate­gies achieved <br>significantly higher levels of accounting performance than competi­tors that were less <br>proactive, thus providing additional support for the NRBV.</p>}, number={2}, journal={Journal of Business Strategies}, author={Michalisin, Michael and Stinchfield, Bryan}, year={2010}, month={Oct.}, pages={123–149} }