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Public disclosure of environmental violations in the Republic of Korea

Author

Listed:
  • Jong Ho Long
  • Laplante, Benoit
  • Meisner, Craig

Abstract

Since 1989, environmental authorities of the Republic of Korea have published on a monthly basis a list of enterprises violating the country's environmental rules and regulations. This may be the longest environmental public disclosure program currently in existence. Over the period 1993-2001 in excess of 7,000 violations have been recorded in these monthly violation lists, involving more than 3,400 different companies. In this paper, the authors provide a comprehensive descriptive analysis of this dataset. Results suggest that the news media have given an important, though perhaps declining coverage, to the violation lists, with a focus on publicly traded companies, failures to operate pollution abatement equipment, and prosecutions.

Suggested Citation

  • Jong Ho Long & Laplante, Benoit & Meisner, Craig, 2003. "Public disclosure of environmental violations in the Republic of Korea," Policy Research Working Paper Series 3126, The World Bank.
  • Handle: RePEc:wbk:wbrwps:3126
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    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/09/23/000094946_03091104060048/Rendered/PDF/multi0page.pdf
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    References listed on IDEAS

    as
    1. Lanoie, Paul & Laplante, Benoit & Roy, Maite, 1998. "Can capital markets create incentives for pollution control?," Ecological Economics, Elsevier, vol. 26(1), pages 31-41, July.
    2. Foulon, Jerome & Lanoie, Paul & Laplante, Benoit, 2002. "Incentives for Pollution Control: Regulation or Information?," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 169-187, July.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dasgupta, Susmita & Hong, Jong Ho & Laplante, Benoit & Mamingi, Nlandu, 2006. "Disclosure of environmental violations and stock market in the Republic of Korea," Ecological Economics, Elsevier, vol. 58(4), pages 759-777, July.
    2. Dasgupta, Susmita & Jong Ho Hong & Laplante, Benoit & Mamingi, Nlandu, 2004. "Disclosure of environmental violations and the stock market in the Republic of Korea," Policy Research Working Paper Series 3344, The World Bank.

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