Understanding Firms' Environmental Performance: Does News Matter?

The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and the other centered on the role of informal regulation that mainly emphasizes the role of communities...

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Main Authors:	Mamingi, Nlandu, Dasgupta, Susmita, Laplante, Benoit, Hong, Jong Ho
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Corporate Culture Social Responsibility M140 Pollution Control Adoption Costs Distributional Effects Employment Effects Q520
Online Access:	http://hdl.handle.net/10986/4740

id	okr-10986-4740
recordtype	oai_dc
spelling	okr-10986-47402021-04-23T14:02:19Z Understanding Firms' Environmental Performance: Does News Matter? Mamingi, Nlandu Dasgupta, Susmita Laplante, Benoit Hong, Jong Ho Corporate Culture Social Responsibility M140 Pollution Control Adoption Costs Distributional Effects Employment Effects Q520 The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and the other centered on the role of informal regulation that mainly emphasizes the role of communities and capital markets. In this report, we analyze the impact of environmental news in print media on firms' environmental performance. Using data from a survey of industrial facilities in the Republic of Korea, multivariate probit estimation results indicate that the publication of a firm's negative environmental news in print media and the firm's awareness of this publication may be as important predictors of a firm's environmental performance as other sources of pressure. This article thus reemphasizes the potentially important role of the public release of environmental information in influencing firms' environmental performance. 2012-03-30T07:29:30Z 2012-03-30T07:29:30Z 2008 Journal Article Environmental Economics and Policy Studies 1432847X http://hdl.handle.net/10986/4740 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Korea, Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Corporate Culture Social Responsibility M140 Pollution Control Adoption Costs Distributional Effects Employment Effects Q520
spellingShingle	Corporate Culture Social Responsibility M140 Pollution Control Adoption Costs Distributional Effects Employment Effects Q520 Mamingi, Nlandu Dasgupta, Susmita Laplante, Benoit Hong, Jong Ho Understanding Firms' Environmental Performance: Does News Matter?
geographic_facet	Korea, Republic of
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and the other centered on the role of informal regulation that mainly emphasizes the role of communities and capital markets. In this report, we analyze the impact of environmental news in print media on firms' environmental performance. Using data from a survey of industrial facilities in the Republic of Korea, multivariate probit estimation results indicate that the publication of a firm's negative environmental news in print media and the firm's awareness of this publication may be as important predictors of a firm's environmental performance as other sources of pressure. This article thus reemphasizes the potentially important role of the public release of environmental information in influencing firms' environmental performance.
format	Journal Article
author	Mamingi, Nlandu Dasgupta, Susmita Laplante, Benoit Hong, Jong Ho
author_facet	Mamingi, Nlandu Dasgupta, Susmita Laplante, Benoit Hong, Jong Ho
author_sort	Mamingi, Nlandu
title	Understanding Firms' Environmental Performance: Does News Matter?
title_short	Understanding Firms' Environmental Performance: Does News Matter?
title_full	Understanding Firms' Environmental Performance: Does News Matter?
title_fullStr	Understanding Firms' Environmental Performance: Does News Matter?
title_full_unstemmed	Understanding Firms' Environmental Performance: Does News Matter?
title_sort	understanding firms' environmental performance: does news matter?
publishDate	2012
url	http://hdl.handle.net/10986/4740
_version_	1764392572531245056

Understanding Firms' Environmental Performance: Does News Matter?

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