What Determines Chinese Firms’ Decision on Implementing Voluntary Environmental Schemes?
نویسندگان
چکیده
Understanding why firms choose to implement voluntary environmental schemes in a large polluted country like China is important for both environmental economists and policy makers. In this paper, we utilize unique plant-level survey data of 270 Chinese firms in manufacturing industry to identify the key determinants of their decisions on certifying ISO 14001 environmental management standard and the Chinese Environmental Label. The empirical results exhibit that while there are a number of factors (e.g., ownership, firm size, target market, and the number of rivals) having similar effects on the certification decisions between the two examined programs, the unique factors that only affect the decision of certifying one program (i.e., ISO 14001 or the Chinese Environmental Label) are also observed.
منابع مشابه
Voluntary disclosure of internal control and auditor’s attestation: evidence from China
We examine what determines a firm’s decision to disclose a self-assessment report on its internal control (IC) system and to further attain an auditor’s attestation on the report, using a sample of firms from the Shanghai Stock Exchange during the period 2006–2010. We hypothesize and find supporting evidence that the likelihood of having voluntary disclosure of IC self-assessment with an audito...
متن کاملVoluntary Disclosure in a Changing Regulatory Environment – Evidence from Chinese Stock Market
This paper investigates the voluntary disclosure made by 297 Chinese listed firms in their 1995-2006 annual reports. It aims to determine how firms in the Chinese stock market have responded to the coercive pressure exerted upon them by the market regulatory body, the Chinese Security Regulatory Commission (CSRC) in terms of providing transparent information to the stock market. The findings sh...
متن کاملAlternative Pollution Control Policies in Developing Countries: Informal, Informational, and Voluntary
In developing countries, weak environmental regulatory institutions often undermine conventional command-and-control policies. As a result, these countries are increasingly experimenting with alternative approaches that aim to leverage nonregulatory “green” pressures applied by local communities, capital markets, and consumers. This article reviews three strands of the empirical literature on t...
متن کاملCorporate environmentalism and environmental innovation.
Several papers have explored the effect of tighter environmental standards on environmental innovation. While mandatory regulation remains the central tenet of US environmental policy, the regulatory landscape has changed since the early 1990s with the increased recourse by federal and state agencies to corporate environmentalism--voluntary pollution prevention (P2) by firms--to achieve environ...
متن کاملWhy Japanese Firms Choose to Certify: A Study of Managerial Responses to Environmental Issues
This paper examines empirically the determinants that led large Japanese manufacturers Ž . Ž . to 1 incorporate environmental goals in their decisions, 2 obtain environmental certificaŽ . Ž . tion ISO 14001 , and 3 become early adopters of environmental certification. We estimate Ž . Ž . two sets of models: 1 models based on a profit maximization assumption and 2 models which incorporate utilit...
متن کامل