- List of Figures
- List of Tables
- List of Abbreviations
- List of Contributors
- Retrospective, Perspective, and Prospective: Introduction to the Oxford Handbook on Business and the Natural Environment
- Competitive Strategy and the Environment: A Field of Inquiry Emerges
- International Business and the Environment
- Environmental Entrepreneurship
- The Value of Managing Stakeholders
- Industry Self-Regulation and Environmental Protection
- Environmental Governance
- Business and Environmental Law
- Cognitive Barriers to Environmental Action: Problems and Solutions
- Intergenerational Beneficence and the Success of Environmental Sustainability Initiatives in Organizational Contexts
- Organizational Culture and Environmental Action
- Institutional Approaches to Organizations and the Natural Environment
- Institutional Pressures and Organizational Characteristics: Implications for Environmental Strategy
- Social Movements, Business, and the Environment
- Greener Supply Chain Management
- Closed-Loop Supply Chains
- Industrial Ecology: Business Management in a Material World
- Information Systems, Business, and the Natural Environment: Can Digital Business Transform Environmental Sustainability?
- From Green Marketing to Marketing for Environmental Sustainability
- Why not Choose Green? Consumer Decision Making for Environmentally Friendly Products
- Using Market Segmentation Approaches to Understand the Green Consumer
- Sustainability and Social Responsibility Reporting and the Emergence of the External Social Audits: The Struggle for Accountability?
- Environmental Management, Measurement, and Accounting: Information for Decision and Control?
- Corporate Environmental Financial Reporting and Financial Markets
- Values-Driven and Profit-Seeking Dimensions of Environmentally Responsible Investing
- Environmental Risks and Financial Markets: A Two-Way Street
- Corporate Decision-Making, Net Present Value, and the Environment
- The Relevance of the Natural Environment for Corporate Social Responsibility Research
- Business, Society, and the Environment
- The New Corporate Environmentalism and the Symbolic Management of Organizational Culture
- Critical Perspectives on Business and the Natural Environment
- Approaching Business and the Environment with Complexity Theory
- Beyond the Brave New World: Business for Sustainability
- Looking Back, Thinking Forward: Distinguishing Between Weak and Strong Sustainability
- Enterprise Sustainability 2.0: Aesthetics of Sustainability
- Tomorrow's C-Suite Agenda
- The Third-Generation Corporation
- Capitalism Critique: Systemic Limits on Business Harmony with Nature
Abstract and Keywords
This article explores how individuals psychologically experience dilemmas in which they face a tradeoff between their own self-interests in the present and the interests of future others. The psychological dynamics that impact individuals' inclinations to sacrifice their present self-interest to protect or promote the interests of future others is investigated. It also discusses the implications of this research for how organizations can promote environmental sustainability. It then evaluates how the independent effects of interpersonal and intertemporal distances in intergenerational contexts can combine to diminish intergenerational beneficence, and thus lead to intergenerational discounting. Intergenerational discounting represents a combined effect of intertemporal and social discounting and its consequences can escalate over time. The legacy motive is closely tied to the concept of generativity. Intergenerational decisions have considerable impact within organizations and society. The study of intergenerational decision-making presents critical insight into the ways that organizations achieve long-term environmental sustainability and viability.
Foster School of Business, University of Washington
Leigh Plunkett Tost, Post-Doctoral Associate, Center for Leadership and Strategic Thinking, Foster School of Business, University of Washington.
Fuqua School of Business, Duke University
Kimberly A. Wade-Benzoni, Associate Professor of Management, and Center of Leadership and Ethics Scholar, Fuqua School of Business, Duke University.
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