Corporate Environmental Management: Regulatory and Market-Based Incentives
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...
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Veröffentlicht in: | Land economics 2002-11, Vol.78 (4), p.539-558 |
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container_title | Land economics |
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creator | Khanna, Madhu William Rose Q. Anton |
description | 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. |
doi_str_mv | 10.2307/3146852 |
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subjects | Business structures Compliance costs Corporate planning Economic regulation Economics Emissions regulations Enterprises Environment Environmental management Environmental management systems Environmental protection Environmental regulation Green businesses Green economics Land economics Market Polls & surveys Pollution control Regulation Studies U.S.A |
title | Corporate Environmental Management: Regulatory and Market-Based Incentives |
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