首页> 外文期刊>Journal of Environmental Economics and Management >EPA's Voluntary 33/50 Program: Impact on Toxic Releases and Economic Performance of Firms
【24h】

EPA's Voluntary 33/50 Program: Impact on Toxic Releases and Economic Performance of Firms

机译:EPA的自愿性33/50计划:对公司有毒物质排放和经济绩效的影响

获取原文
获取原文并翻译 | 示例
       

摘要

The paper examines the motivations for participation in the voluntary 33/50 Program and the program's impact on the toxic releases and economic peroformance of fimrs in the U.S. chemical industry. It demonstrates that the benefits dur to public recognition and the potentially avoided costs of liablities and compliance under mandatory environmental regulations provide strong incentives for participation. After controlling for sample selection bias and the impact of other firm-specific characteristics, this paper shows that program participation led to a statically significant decline is toxic releases over the period 1997-93. The program also had a statistically signficant negative impact on the current return on investment of firms, but its impace on the expected long run profitablity of firms was positive and statistically significant.
机译:本文研究了参与自愿性33/50计划的动机以及该计划对美国化学工业中有毒物质的有毒物质释放和经济表现的影响。它表明,获得公众认可的好处以及在强制性环境法规下可能避免的法律责任和合规成本可为参与提供强大动力。在控制了样本选择偏差和其他公司特定特征的影响之后,本文表明,计划参与导致静态显着下降的是1997-93年期间的有毒物质释放。该计划对公司的当前投资回报也有统计上显着的负面影响,但它对公司预期的长期获利能力的影响是积极的,并且具有统计意义。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号