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What Characteristics Do the Firms Have That Go Beyond Compliance with Regulation in Environmental Protection? A Multiple Discriminant Analysis

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  • Diego A. Vazquez-Brust

    (Faculty of Business and Law, Portsmouth University, Richmond Building, Portland Street, Portsmouth P01 3DE, UK
    Federal University of Santa Catarina (UFSC), Florianopolis 88040-900, Brazil)

  • José Antonio Plaza-Úbeda

    (Economics and Business Department, University of Almeria, Ctra. Sacramento s/n, 04120 La Cañada de San Urbano, Spain)

Abstract

This paper is focused on analyzing the characteristics of firms that have environmental performance beyond the requirements of regulation in environmental protection. To identify such characteristics, we propose a value and context model building on environmental paradigms as conceptualized by Dryzek’s environmental discourse theory. Using multiple discriminant analysis (MDA) to analyze data collected from a multi-respondent survey of Argentinean polluting firms, we identify distinctive characteristics of firms going beyond regulation and firms that do not comply with regulation. In particular, comparing with other five environmental discourses, endorsement of green growth is evaluated in its connection with compliance patterns. We find that supporting green growth discourse (also known as ecological modernization) is one of the characteristics of those firms that go beyond compliance in their environmental performance.

Suggested Citation

  • Diego A. Vazquez-Brust & José Antonio Plaza-Úbeda, 2021. "What Characteristics Do the Firms Have That Go Beyond Compliance with Regulation in Environmental Protection? A Multiple Discriminant Analysis," Sustainability, MDPI, vol. 13(4), pages 1-27, February.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:4:p:1873-:d:496293
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    References listed on IDEAS

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