Advanced Search
MyIDEAS: Login

Incentives for environmental self-regulation and implications for environmental performance

Contents:

Author Info

  • Anton, W.R.Q.Wilma Rose Q.
  • Deltas, George
  • Khanna, Madhu

Abstract

The increasing reliance of environmental policy on market-based incentives has led firms to shift from regulation-driven management approaches to proactive strategies involving the voluntary adoption of environmental management systems (EMSs). We examine the factors leading to differences in the quality of EMSs adopted by a sample of S&P 500 firms and the implications of EMS quality for their environmental performance measured by toxic releases per unit sales. We show that a threat of liabilities and pressures from consumers, investors and the public are motivating EMS adoption. Further, the effect of consumer pressure on EMS is stronger for firms with a lower propensity to adopt: that is, consumer pressure raises the EMS quality of firms that would otherwise be low adopters. With regard to environmental performance, a higher quality EMS leads to lower toxic emissions per unit output, particularly for firms that had higher past pollution intensity. We also find that EMSs result in reductions in both off-site transfers and on-site releases per unit output but not in hazardous air pollutants per unit output. Regulatory and market based pressures are not found to have a direct impact on toxic release performance. Rather, the effect of regulatory and market pressures on toxic releases is indirect, i.e., by encouraging institutional change as manifested by the increase in EMS quality.

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6WJ6-49NRKWR-3/2/00f327d208bf63d785b8baea79d36325
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 48 (2004)
Issue (Month): 1 (July)
Pages: 632-654

as in new window
Handle: RePEc:eee:jeeman:v:48:y:2004:i:1:p:632-654

Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622870

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:48:y:2004:i:1:p:632-654. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.