Corporate environmental management: Regulatory and market-based incentives

    Authors

    M. Khanna;W. R. Q. Anton

    Comments

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    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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