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The impact of organizational resources and managerial interpretation on willingness to participate in carbon market

Ecological Economy 2020年第4期16卷 250-264页

作者： YAN Jing LIU Li-ping ZHOU Yu School of Health Services Management Anhui Medical UniversityHefei 230032CHINA Institute of Urban and Rural Economics Anhui Academy of Social SciencesHefei 230001CHINA School of Management University of Science and Technology of ChinaHefei230001CHINA

On the basis of resource-based view and managerial cognition,this research aims to explore which and how organizational resources facilitate organizational willingness to participate in carbon market(WTP-CM).In particular,it classifies resources into two dimensions,general resources(GR)and professional resources(PR),and investigates how these two types of resources interact with managerial interpretation and then influence organizational WTP-CM using a sample of 222 Chinese industrial firms.The findings show that environmental talents(PR)and low-carbon technologies(PR)have positive influences on organizational WTP-CM not only directly,but also indirectly through accelerating managers to interpret carbon trading as an opportunity,rather than a threat.On the contrary,only via managerial interpretation can capital reserve(GR)and environmental practices(PR)affect organizational WTP_CM positively.Furthermore,the impact of environmental practices on managerial interpretation does not depend on the performance of environmental practices(i.e.,success or failure).It means,regardless of environmental performance,the cumulation of environmental experience would promote managers to interpret carbon market as an opportunity and then advance their WTP-CM.Last,this partial mediating role of managerial interpretation between organizational resources and WTP-CM varies depending on organizational social position.Compared to centralﬁrms,peripheralﬁrms tend to be more responsive to managerial interpretation.The chain from organizational resources,to interpretation of carbon market as an opportunity,andﬁnally to the willingness to participate is stronger for peripheralﬁrms than for central ones.

关键词： willingness to participate carbon market managerial interpretation general resources professional resources

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