The Response of Companies to Information-Based Environmental Policies

34 Pages Posted: 28 Nov 2000

See all articles by Domenico Siniscalco

Domenico Siniscalco

Ministry of Economy and Finance, Italy; Fondazione Eni Enrico Mattei; University of Turin - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Stefania Borghini

Fondazione Eni Enrico Mattei (FEEM), Milan; Bocconi University - Department of Marketing

Marcella Fantini

National Economic Research Associates Inc. (NERA)

Federica Ranghieri

Fondazione Eni Enrico Mattei (FEEM), Milan

Date Written: January 2000

Abstract

This paper investigates the companies' behavioural response to information-based environmental policies. We perform a panel analysis for 39 big companies in 16 countries, in 3 polluting industries (oil & gas, chemicals, power generation) over a 5- year period (1993-1997) to check whether environmental policies (command and control and energy taxation) and the adoption of information-based environmental strategies affect the companies' economic and environmental performance. The results confirm the positive role of self-regulated environmental audits and compensation programmes on corpo rate environmental performance.

Keywords: environmental policy, corporate environmental management, corporate compensation programmes, information-based environmental policies

JEL Classification: D2, J3, L2, M2

Suggested Citation

Siniscalco, Domenico and Borghini, Stefania and Fantini, Marcella and Ranghieri, Federica, The Response of Companies to Information-Based Environmental Policies (January 2000). Available at SSRN: https://ssrn.com/abstract=229132 or http://dx.doi.org/10.2139/ssrn.229132

Domenico Siniscalco (Contact Author)

Ministry of Economy and Finance, Italy ( email )

Via XX Settembre 97
Rome, Rome 00187
Italy

Fondazione Eni Enrico Mattei ( email )

Corso Magenta 63
20123 Milan
Italy
+39 02 5203 6942 (Phone)
+39 02 5203 6946 (Fax)

University of Turin - Department of Economics ( email )

Via Po, 53
Torino, 10124
Italy

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Stefania Borghini

Fondazione Eni Enrico Mattei (FEEM), Milan

Corso Magenta 63
20123 Milan
Italy

Bocconi University - Department of Marketing ( email )

Via Roentgen 1
Milan, 20136
Italy

Marcella Fantini

National Economic Research Associates Inc. (NERA) ( email )

Rome
Italy

Federica Ranghieri

Fondazione Eni Enrico Mattei (FEEM), Milan

Corso Magenta 63
20123 Milan
Italy

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