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Corporate Environmental Management in Transition Economies: The Case of Central and Eastern Europe

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Abstract

The authors study the adoption of environmental management practices in the most polluting industrial sectors in Bulgaria, Hungary, Lithuania, Poland, Romania and Slovakia during the first years of transition from central planning to market economies. Despite the stickiness of long established managerial regimes, 51% of the firms in our sample adopted environmental plans and/or established environmental departments in the 1990–1998 period. The authors´ bivariate analysis reveals that some of the most important forces behind adoption are environmental enforcement, export orientation and public disclosure of firm environmental performance.

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Bibliographic Info

Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.

Volume (Year): 59 (2009)
Issue (Month): 5 (December)
Pages: 410-425

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Handle: RePEc:fau:fauart:v:59:y:2009:i:5:p:410-425

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Keywords: environmental management; bivariate analysis; Central and Eastern Europe;

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  1. Henriques, Irene & Sadorsky, Perry, 1996. "The Determinants of an Environmentally Responsive Firm: An Empirical Approach," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 381-395, May.
  2. Madhu Khanna & William Rose Q. Anton, 2002. "Corporate Environmental Management: Regulatory and Market-Based Incentives," Land Economics, University of Wisconsin Press, vol. 78(4), pages 539-558.
  3. J. David Brown & John S. Earle & Almos Telegdy, 2005. "The Productivity Effects of Privatization: Longitudinal Estimates from Hungary, Romania, Russia, and Ukraine," Upjohn Working Papers and Journal Articles 05-121, W.E. Upjohn Institute for Employment Research.
  4. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
  5. Hughes, Gordon, 1991. "Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the Environment," Oxford Review of Economic Policy, Oxford University Press, vol. 7(4), pages 106-36, Winter.
  6. Anton, W.R.Q.Wilma Rose Q. & Deltas, George & Khanna, Madhu, 2004. "Incentives for environmental self-regulation and implications for environmental performance," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 632-654, July.
  7. Dasgupta, Susmita & Hettige, Hemamala & Wheeler, David, 2000. "What Improves Environmental Compliance? Evidence from Mexican Industry," Journal of Environmental Economics and Management, Elsevier, vol. 39(1), pages 39-66, January.
  8. Randall Bluffstone & Thomas Sterner, 2006. "Explaining Environmental Management in Central and Eastern Europe," Comparative Economic Studies, Palgrave Macmillan, vol. 48(4), pages 619-640, December.
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