The Response of Companies to Information-Based Environmental Policies
34 Pages Posted: 28 Nov 2000
Date Written: January 2000
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
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