Title

Corporate environmental management: Regulatory and market-based incentives

Authors

Authors

M. Khanna;W. R. Q. Anton

Comments

Authors: contact us about adding a copy of your work at STARS@ucf.edu

Abbreviated Journal Title

Land Econ.

Keywords

33/50 PROGRAM; PROTECTION; FIRMS; COMPETITIVENESS; PARTICIPATION; INFORMATION; TECHNOLOGY; POLLUTION; POLICY; IMPACT; Economics; Environmental Studies

Abstract

The corporate approach to environmental protection has been evolving from a regulation-driven reactive mode to a more proactive approach involving voluntarily adopted management systems that integrate environmental concerns with traditional managerial functions. Several hypotheses about the factors explaining the diversity in the environmental management systems adopted by firms are tested using survey data for a sample of S&P 500 firms. The analysis shows that the threat of environmental liabilities, high costs of compliance, market pressures, and public pressures on firms with high on-site toxic emissions per unit output create incentives for adopting a more comprehensive environmental management system.

Journal Title

Land Economics

Volume

78

Issue/Number

4

Publication Date

1-1-2002

Document Type

Article

Language

English

First Page

539

Last Page

558

WOS Identifier

WOS:000180656700006

ISSN

0023-7639

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