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Regulations and Corporate Environmental Responsibility: evidence from a panel of firms in Transition economies

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  • Antonella Biscione
  • Dorothée Boccanfuso
  • Annunziata De Felice

Abstract

This study investigates how a set of regulations influences the pro-environmental actions of firms in a panel of 25 Transition Countries. For this purpose, we use the enterprise survey data developed by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank Group (WBG). Based on a logit modelling and on the construction of different indicators characterizing the environmental actions of the firms, we find that regulation positively affects the decision of firms to implement an eco-action. Results are confirmed when we examine the different eco-action categories. Findings obtained from the interactions are also worthy of note. In particular, we find that board of directors are more prone to consider shareholder interests, and a strong network effect emerges between EU candidate countries and EU economies.

Suggested Citation

  • Antonella Biscione & Dorothée Boccanfuso & Annunziata De Felice, 2021. "Regulations and Corporate Environmental Responsibility: evidence from a panel of firms in Transition economies," Applied Economics, Taylor & Francis Journals, vol. 53(54), pages 6286-6299, November.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:54:p:6286-6299
    DOI: 10.1080/00036846.2021.1937506
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    1. Antonella Biscione & Dorothee Boccanfuso & Annunziata de Felice & Francesco Porcelli, 2021. "Barriers to Firms Energy Efficiency in Transition Countries," Working Papers 1014, European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'.
    2. Antonella Biscione & Annunziata de Felice & Teodoro Gallucci, 2022. "Energy Saving in Transition Economies: Environmental Activities in Manufacturing Firms," Sustainability, MDPI, vol. 14(7), pages 1-17, March.

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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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