Estimating the impact on efficiency of the adoption of a voluntary environmental standard: an empirical study of the global copper mining industry
AbstractThis paper uses data on the world’s copper mining industry to measure the impact on efficiency of the adoption of the ISO 14001 environmental standard. Anecdotal and case study literature suggests that firms are motivated to adopt this standard so as to achieve greater efficiency through changes in operating procedures and processes. Using plant level panel data from 1992 to 2007 on most of the world’s industrial copper mines, the study uses stochastic frontier methods to investigate the effects of ISO adoption. The variety of models used in this study find that adoption either tends to improve efficiency or has no impact on efficiency, but no evidence is found that ISO adoption decreases efficiency. Copyright Springer Science+Business Media, LLC 2013
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Bibliographic InfoArticle provided by Springer in its journal Journal of Productivity Analysis.
Volume (Year): 39 (2013)
Issue (Month): 1 (February)
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Web page: http://www.springerlink.com/link.asp?id=100296
ISO 14001 environmental standard; Firm performance; Stochastic frontier cost function; Copper mining industry; C23; D22; D24; Q52;
Other versions of this item:
- Lise Tole & Gary Koop, 2011. "Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry," Working Papers 11-36, University of Strathclyde Business School, Department of Economics.
- Lise Tole & Gary Koop, 2011. "Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry," Working Papers 1136, University of Strathclyde Business School, Department of Economics.
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
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