The Response of Companies to Information-Based Environmental Policies
Date
01.01.2000
01.01.2000
Authors
Domenico Siniscalco
JEL Code
D2,J3,L2,M2
D2,J3,L2,M2
Keywords:
Environmental policy,corporate environmental management,corporate compensation programmes,information-based environmental policies
Environmental policy,corporate environmental management,corporate compensation programmes,information-based environmental policies
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Fausto Panunzi
Fausto Panunzi
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 corporate environmental performance.