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Regulations and Corporate Environmental Responsibility: Evidence from a panel of firms in Transition Economies

Author

Listed:
  • A. Biscione
  • D. Boccanfuso
  • A. de Felice

Abstract

The aim of this study is to investigate 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 modeling and on the construction of different indicators characterizing the environmental actions of the firms, we find that regulation affects positively 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

  • A. Biscione & D. Boccanfuso & A. de Felice, 2021. "Regulations and Corporate Environmental Responsibility: Evidence from a panel of firms in Transition Economies," Working Papers 1, Africa Institute for Research in Economics and Social Sciences.
    • Handle: RePEc:aof:wpaper:wp-0001
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    Cited by:

    1. Antonella Biscione & Dorothée Boccanfuso & Annunziata de Felice & Francesco Porcelli, 2023. "Barriers to firms’ energy efficiency in transition countries," Applied Economics, Taylor & Francis Journals, vol. 55(36), pages 4258-4272, August.
    2. Xiangan Ding, 2025. "“Disclosure more” or “authentic effort”: an empirical investigation of Chinese companies after being imposed with environmental administrative penalties," Economic Change and Restructuring, Springer, vol. 58(1), pages 1-24, February.
    3. Lim, King Yoong, 2024. "Heterogeneous environmental consciousness, carbon permit adoption, and endogenous growth: A case of China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 734-751.
    4. Dogah, Kingsley E. & Jiang, Shang & Kuscevic, Casto Martín Montero & Lim, King Yoong, 2025. "Environmental policy and distance to firms: An analysis of publicly listed firms in China," Energy Economics, Elsevier, vol. 144(C).
    5. 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.

    More about this item

    Keywords

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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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