What Characteristics Do the Firms Have That Go Beyond Compliance with Regulation in Environmental Protection? A Multiple Discriminant Analysis

Abstract

This paper is focused on analyzing the characteristics of firms that have environmental performance beyond the requirements of regulation in environmental protection. To identify such characteristics, we propose a value and context model building on environmental paradigms as conceptualized by Dryzek’s environmental discourse theory. Using multiple discriminant analysis (MDA) to analyze data collected from a multi-respondent survey of Argentinean polluting firms, we identify distinctive characteristics of firms going beyond regulation and firms that do not comply with regulation. In particular, comparing with other five environmental discourses, endorsement of green growth is evaluated in its connection with compliance patterns. We find that supporting green growth discourse (also known as ecological modernization) is one of the characteristics of those firms that go beyond compliance in their environmental performance.

Development of a Methodology for Forecasting the Sustainable Development of Industry in Russia Based on the Tools of Factor and Discriminant Analysis

“…We do not limit ourselves to assessing the impact of the functioning of industry on the environment, but take into account measures to reduce negative externalities (in the format of environmental innovations and the activity of enterprises in this area). In contrast to a number of approaches highlighted above [45][46][47][48][49] (analysis of financial and economic activity or environmental aspects), we include four aspects of industrial development (economic, innovative, social, and environmental) in the methodology at once. At the global level, the methodology for calculating the Sustainable Society Index is generally recognized.…”

“…The study covers the financial component of the activities of the companies under study Kočišová et al (2014) [48] The discriminant analysis for forecasting the financial condition of companies was refined Vazquez-Brust and Plaza-Úbeda (2021) [49] Discriminant analysis was applied to diagnose companies that excessively pollute the environment Attention is focused on the environmental aspects of development…”

“…The application of discriminant analysis in the context of improving production processes was reflected in the work of Zhang and Luo, where the authors developed an approach to the diagnostics of malfunctions of industrial applications [44]; in a study by Sueyoshi et al they aimed at developing a unified method for assessing the efficiency of the electric power industry [45]; in the scientific article by Rodrigues Luciano and Rodrigues Lucas, who applied discriminant analysis as part of the classification of energy industry enterprises based on an assessment of financial and economic performance [46]; and in the works of Horváthová et al [47] and Kočišová and Mišanková [48] where the main subject of the study was the financial condition of enterprises. In the context of sustainable development, discriminant analysis was applied in the work of Vazquez-Brust and Plaza-Úbeda, where the authors identify the characteristics of organizations that pollute the environment excessively [49].…”

What are the factors that determine differing levels of environmental quality? Evidence from Java and other islands in Indonesia

“…The equation for the estimation of the discriminant function in the two groups in this study uses the discriminant model (Hair, 1998; Vazquez-Brust and Plaza-úbeda, 2021; Wang et al. , 2013):noted as follows:Zjk = discriminant Z score of discriminant function j for Object k,A = intercept,W i = discriminant weight for the independent variable i and X i k = the independent variable i for the object…”

“…The equation for the estimation of the discriminant function in the two groups in this study uses the discriminant model (Hair, 1998;Vazquez-Brust and Plaza-ubeda, 2021;Wang et al, 2013):…”