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date: 30 November 2020

Abstract and Keywords

This article emphasizes the neoinstitutional theory in organizational analysis. It evaluates the gaps and opportunities for the study of institutional dynamics at the interface of business and the environment. Institutional theoretic approaches address the sources and consequences of institutions, and can be harnessed for both normative and positive approaches. Moreover, it briefly covers the works that focus on regulatory, normative, and cognitive institutional forces within this school of thought. The subject matter of organizations and the natural environment inherently lends itself to institutional analysis. The four main research foci that attracted concentrated attention from organizational scholars is considered: how corporations respond to environmental problems, the organizational dimensions of the environmental movement, environmental justice, and sustainability. Furthermore, the article reports the opportunities to expand the scope of research on institutional dynamics by addressing greenwashing, climate change, movements and counter-movements, and policy.

Keywords: neoinstitutional theory, institutional dynamics, business, natural environment, organizations, environmental justice, sustainability, greenwashing, climate change, policy

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