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 another centered on the role of informal regulation which mainly emphasizes the role of communities and capital markets. The authors 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, probit estimation results indicate that the publication of environmental news in print media and the firm's awareness of this publication are important predictors of a firm's environmental performance, more so than environmental laws, regulations, and environmental training. This paper thus reemphasizes the key role of media in influencing firms' environmental performance.

Bibliographic Details

Main Authors:	Mamingi, Nlandu, Dasgupta, Susmita, Laplante, Benoit, Hong, Jong Ho
Language:	English
Published:	World Bank, Washington, DC 2006-04
Subjects:	ADOPTION OF PROPANE, AIR POLLUTION, AIR POLLUTION REGULATION, BETTER ENVIRONMENTAL PERFORMANCE, BRICK MAKERS, CAPITAL MARKETS, CLEAN TECHNOLOGY, COMMUNITY RIGHT TO KNOW, ECOLOGICAL ECONOMICS, ECONOMETRICS, ECONOMICS, ELASTICITIES, EMISSION, EMPIRICAL ANALYSIS, EMPIRICAL STUDIES, ENFORCEMENT ACTIVITIES, ENVIRONMENTAL, ENVIRONMENTAL AUTHORITIES, ENVIRONMENTAL CHANGE, ENVIRONMENTAL DEPARTMENT, ENVIRONMENTAL ECONOMICS, ENVIRONMENTAL GROUPS, ENVIRONMENTAL INCIDENTS, ENVIRONMENTAL INFORMATION, ENVIRONMENTAL LAW, ENVIRONMENTAL LAWS, ENVIRONMENTAL MANAGEMENT, ENVIRONMENTAL PERFORMANCE, ENVIRONMENTAL PROBLEMS, ENVIRONMENTAL REGULATIONS, ENVIRONMENTAL TRAINING, ENVIRONMENTAL VIOLATIONS, HAZARDOUS WASTE, HAZARDOUS WASTE LAWSUITS, INDUSTRIAL FACILITIES, INDUSTRIAL POLLUTION, INFORMAL REGULATION, MEDIA, PAPER INDUSTRY, POLITICAL ECONOMY, POLLUTION, POLLUTION CONTROL, POLLUTION CONTROL EQUIPMENT, POLLUTION CONTROL LAWS, POLLUTION REGULATION,
Online Access:	http://documents.worldbank.org/curated/en/2006/04/6731235/firms-environmental-performance-news-matter https://hdl.handle.net/10986/8714
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