Corporate Environmentalism and Environmental Statutory Permitting
Studies have shown that despite infrequent inspections and low penalties for statutory violations, a large fraction of firms comply with environmental restrictions. What then motivates compliance? I investigate this question by focusing on the length of time it takes environmental agencies to process and issue new source construction permits pursuant to Clean Air Act regulations and new industrial discharge permits pursuant to Clean Water Act regulations. I find that plants (or firms) with fewer instances of noncompliance receive permits for major projects more quickly. In addition, I find that permit delays are sensitive to economic conditions as well, such as local area unemployment. As far as voluntary pollution control behavior is concerned, I find that regulators that issue permits for plant modifications focus primarily on statutory compliance, but when permitting new plant construction, where there is no plant compliance history to go on, voluntary pollutant releases do matter.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:ucp:jlawec:y:2003:v:46:i:1:p:103-29. 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: (Journals Division)
If references are entirely missing, you can add them using this form.