Determinants of Corporate Environmental Measures: Public Policy, Community Pressure and Self-Enforcement
16 Pages Posted: 20 Feb 2008
Date Written: February 20, 2008
Drawing upon data collected from over 4,000 manufacturing facilities across the OECD this paper examines the factors which determine the likelihood of having undertaken significant measures with respect to air pollution, wastewater effluent, and solid waste. The roles played by the public policy framework, informal stakeholder pressures, and internal management practices are examined. While the role of public policy (perceived stringency and inspection frequency) is significant, an important role is also played by self-enforcement mechanisms through environmental management. Stakeholder pressures are not significant, except in the case of employees.
Keywords: environmental policy, environmental management, air and water pollution, corporate social responsibility
JEL Classification: M140, Q530, Q560, Q580
Suggested Citation: Suggested Citation