Understanding Firms' Environmental Performance: Does News Matter?
The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and the other centered on the role of informal regulation that mainly emphasizes the role of communities and capital markets. In this report, we analyze the impact of environmental news in print media on firms' environmental performance. Using data from a survey of industrial facilities in the Republic of Korea, multivariate probit estimation results indicate that the publication of a firm's negative environmental news in print media and the firm's awareness of this publication may be as important predictors of a firm's environmental performance as other sources of pressure. This article thus reemphasizes the potentially important role of the public release of environmental information in influencing firms' environmental performance.
Main Authors: | Mamingi, Nlandu, Dasgupta, Susmita, Laplante, Benoit, Hong, Jong Ho |
---|---|
Format: | Journal Article biblioteca |
Language: | EN |
Published: |
2008
|
Subjects: | Corporate Culture, Social Responsibility M140, Pollution Control Adoption Costs, Distributional Effects, Employment Effects Q520, |
Online Access: | http://hdl.handle.net/10986/4740 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Similar Items
-
Why Do Manufacturing Facilities Introduce Environmental Management Systems? Improving and/or Signaling Performance
by: Johnstone, Nick, et al.
Published: (2009) -
Carbon Labelling and Low-Income Country Exports: A Review of the Development Issues
by: Brenton, Paul, et al.
Published: (2009) -
Environmental Policy and Economies of Scope in Facility-Level Environmental Practices
by: Johnstone, Nick, et al.
Published: (2008) -
Understanding Corruption and Firm Responses in Cross-National Firm-Level Surveys
by: Jensen, Nathan M., et al.
Published: (2010) -
Optimal Adaptation and Mitigation to Climate Change in Small Environmental Economies
by: Inter-American Development Bank