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The appeal of voluntary environmental programs: which firms participate and why?

Videras, J ; Alberini, A

Contemporary economic policy, 2000-10, Vol.18 (4), p.449-460 [Periódico revisado por pares]

Oxford, UK: Blackwell Publishing Ltd

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  • Título:
    The appeal of voluntary environmental programs: which firms participate and why?
  • Autor: Videras, J ; Alberini, A
  • Assuntos: Business enterprises ; Economic policy ; Environmental policy ; Environmental protection ; Environmental Protection Agency ; Policy studies ; Regulation ; Social aspects ; U.S.A
  • É parte de: Contemporary economic policy, 2000-10, Vol.18 (4), p.449-460
  • Notas: ark:/67375/WNG-K0LGCZTM-R
    istex:622F06A268F63286C8D36C3AF9BC91043383A8E0
    ArticleID:COEP449
    This is a revision of a paper presented at the 74th Annual Meeting of the Western Economic Association, July 8, 1999, San Diego, in a session organized “Canada and United States Environmental Poricy: Voluntary Programs for Environmental Protection.” The authors thank the Investors Responsibility Research Center (IRCC), from which we acquired our data. All opinions are ours and do not represent the IRRC's official views
    ObjectType-Article-2
    SourceType-Scholarly Journals-1
    ObjectType-Feature-1
    content type line 23
  • Descrição: Why do firms participate in the EPA's voluntary environmental programs? Possible reasons include: (1) to appeal to consumers who demand ‘green’ products; (2) to preempt government regulation; (3) to seek regulatory relief from the agency; and (4) to gain a competitive advantage over competitors. This article examines the determinants of participation in voluntary environmental programs, focusing on testing hypotheses 1 and 3. To test 2, a different approach is used than in previous literature. The focus is on a specified universe of firms (manufacturing firms in the Standard & Poor 500), and their participation in each of three EPA voluntary programs (33/50, Green Lights, and WasteWi$) referring to differently regulated pollutants is analyzed. Our empirical analyses reveal that (1) publicity is an important component of participation; (2) the worse the environmental track record of the firm, the more likely the firm is to participate, but only in programs directly related to highly regulated pollutants; and (3) firms that scrutinize their environmental performance more carefully are wary of newer programs with uncertain reach of the public and uncertain benefits. Firms appear to value the information/technology transfer aspect of joining a program.
  • Editor: Oxford, UK: Blackwell Publishing Ltd
  • Idioma: Inglês

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