What is Driving the Pollution Abatement Expenditure Behavior of Manufacturing Plants in Korea?

Aden, Jean; Ahn, Kyu-Hong; Rock, Michael T.

doi:10.1016/s0305-750x(99)00046-7

Cited by 41 publications

(34 citation statements)

References 6 publications

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“…Yet, it is unclear whether these results reflect increasing compliance or increasing CSR. Aden, Ahn, and Rock (1999) provide some suggestive evidence. They show that Korean regulators appear to engage in a tit for tat strategy with firms, where facilities that perform well are subsequently rewarded with more lenient regulatory oversight and treatment.…”

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confidence: 86%

“…Studies more directly investigating relationships between private politics and CSR include Aden, Ahn, and Rock (1999), which finds that the number of community complaints or firm-community agreements affects abatement expenditures in Korea. show that capital markets in Argentina, Chile, Mexico, and the Philippines react to citizen complaints and high profile environmental spills.…”

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confidence: 99%

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Economic Perspectives on Corporate Social Responsibility

Kitzmueller

Shimshack

2012

Journal of Economic Literature

903

439

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confidence: 86%

mentioning

confidence: 99%

Economic Perspectives on Corporate Social Responsibility

Kitzmueller

Shimshack

2012

Journal of Economic Literature

903

439

View full text Add to dashboard Cite

show abstract

“…A few quantitative firm-level studies have focused on local communities and societal stakeholders (Aden et al, 1999;Becker, 2003;Mazzanti and Zoboli, 2009), but typically bundled these different actors altogether. In sum, work in environmental economics seems to have so far overlooked the distinctive role of ENPOs, although the salience of this societal stakeholder has increased drastically in the last couple of decades .…”

Section: Background Literature and Hypothesesmentioning

confidence: 99%

“…The few aggregate analyses, which have investigated the role of local societal stakeholders as a relevant force driving firms' environmental behavior, have either focused on local communities, or bundled ENPOs together with other societal stakeholders (Aden et al, 1999;Bernauer et al, 2013;Cribb, 1990;Epstein and Schnietz, 2002;Fredriksson et al, 2005;Neumayer and Perkins, 2004;Triguero et al, 2013). The distinctive role of ENPOs gains great relevance in connection to different organizational forms and to family firms especially, because these are the dominant organizational form around the world (Gersick et al, 1997;Porta et al, 1999) and have been found to be more responsive to local societal pressure (Berrone et al, 2010;Gómez-Mejía et al, 2007).…”

Section: Introductionmentioning

confidence: 99%

Local Environmental Non-Profit Organizations and the Green Investment Strategies of Family Firms

Maggioni

Santangelo

2017

Ecological Economics

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A B S T R A C TWe add to the debate on the determinants of firms' green investment strategies (GIS) by looking at societal stakeholders and explicitly testing the role of local environmental non-profit organizations (ENPOs) in GIS engagement by family and non-family firms. We argue that ENPOs favor GIS engagement only by family firms, which, due to their resource constraints, risk aversion and local embeddedness, are more sensitive to ENPOs normative pressure. We also suggest that the role of ENPOs is especially important for family firms' GIS in those sectors with less stringent regulations, where ENPOs may act as a substitute for the coercive pressure of regulation, and promote firms' self-regulatory behaviors. We test and find support for our arguments on a sample of about 2000 Italian manufacturing firms over the period [2001][2002][2003]. Our results are robust to the control of observable omitted variables, reverse causality and to alternative model specifications.

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“…There is also lively debate within Asia about the relative importance of command-and-control policies, market-based regulatory instruments, information disclosure, pollution prevention, clean production, and other aspects of environmental regulatory practice. Although actual results vary widely from country to country, evidence suggests that enhancements in regulatory activity are yielding important incremental improvements in the environmental performance of industrial firms within the region (Aden & Rock 1999;Aden et al 1999;O'Connor, 1996;Rock 1996b;USAEP 1997;Vincent, 1997). Source: Lohani (1998) What these regulatory initiatives have not done is change the basic structural relationship between urban-industrial growth and the environment, and the attendant trajectory of increased energy and materials use, pollution and resource depletion.…”

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confidence: 99%

Toward clean shared growth in Asia

Angel¹,

Rock²,

Feridhanusetyawan³

Asia's Clean Revolution: Industry, Growth and the Environment

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SUMMARYWe outline a policy approach to promoting clean, shared growth among the newly industrializing economies of Asia. By clean, shared growth, we mean a process of sustainable economic development that yields both improvements in environmental quality (locally and globally) and continued enhancement of socio-economic welfare. The critical challenge is that of reducing the energy, materials, pollution and waste intensity of urban-industrial activity. The critical opportunity lies in influencing the technology choices and management of new urban and industrial investment. To meet this challenge, public policy must go beyond controlling pollution to the adoption of policies that drive down the energy, materials, pollution and waste intensity of urban-industrial activity in a dynamic of continuous improvement and superior performance. For this to succeed, the policy response must go beyond environmental regulation to encompass a coordinated array of interventions in industrial, technology, trade and urban policy, and promote pro-environmental forces emerging in civil society, the private sector, and global governance. Public policy must promote performance measurement as a basis for harnessing market forces, community engagement, and private ordering to the goal of clean shared growth in Asia. Once identified, measured and tracked as an issue of economic performance, then the environmental intensity of economic activity becomes more susceptible to the force of the market and of society at large, whether this be through consumer demand, community pressure, or supply chain management. The openness of East Asian economies to trade, investment and technology, combined with growing public concern with the environment, and the increasing globalization of markets and information flows, suggest that these latter forces can be powerful drivers of improved environmental performance. Public policy has a key role to play in bringing these drivers to bear on the investment and technology decisions of private industry, and in fostering a clear performance orientation among firms. THE CHALLENGE OF CLEAN SHARED GROWTH IN ASIAThe environmental problems of developing Asia are now well documented. The combination of rapid urban-industrial growth and de facto 'grow now and clean up later' environmental strategies have resulted in low energy efficiency within industry, natural resource depletion, materials-intensive production, polluted rivers and ground-water supplies, and unhealthy air in many Asian cities. According to the Asian Development Bank (Lohani 1998), average levels of air particulates in Asia over the period 1991-95 were approximately five-fold higher than in OECD countries and twice the world average (see Table 1). Measures of water pollution, such as BOD levels and levels of suspended solids, were also substantially above world averages. Prior to the current crisis, energy demand in Asia was doubling every 12 years and demand for electricity was growing two to three times faster than GDP, resulting in major increases i...

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What is Driving the Pollution Abatement Expenditure Behavior of Manufacturing Plants in Korea?

Cited by 41 publications

References 6 publications

Economic Perspectives on Corporate Social Responsibility

Economic Perspectives on Corporate Social Responsibility

Local Environmental Non-Profit Organizations and the Green Investment Strategies of Family Firms

Toward clean shared growth in Asia

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