Can Capital Markets Create Incentives For Pollution Control
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Can Capital Markets Create Incentives For Pollution Control
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Author : Paul Lanoie
language : en
Publisher: World Bank Publications
Release Date : 1997
Can Capital Markets Create Incentives For Pollution Control written by Paul Lanoie and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Capital market categories.
Can Capital Markets Create Incentives For Pollution Control
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Author : Paul Lanoie
language : en
Publisher:
Release Date : 2016
Can Capital Markets Create Incentives For Pollution Control written by Paul Lanoie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Private firms reluctant to invest in pollution abatement when the penalty for noncompliance falls short of the cost of abatement may be more willing to invest in pollution abatement when enforcement is tougher or when information is released that allows capital markets to react to ranking of firms in terms of their environmental performance.After weighing the costs and benefits of pollution control, profit-maximizing firms sometimes choose not to invest in pollution abatement because the penalty they expect regulators to impose for noncompliance falls short of the cost of abatement. To improve incentives for pollution control, regulators have recently embarked on a strategy to release information to communities and markets (investors and consumers) about firms' environmental performance.Drawing on evidence from American and Canadian studies, Lanoie, Laplante, and Roy report that capital markets do react to the release of such information. The evidence suggests that heavy polluters are affected more significantly than minor polluters. And firms whose market values are hurt most by the release of this information are most likely to invest in pollution abatement.The firms' greater willingness to invest in pollution abatement seems to result from the regulators' willingness to undertake strong enforcement actions combined with the possibility of capital markets reacting to public ranking of firms in terms of their environmental performance. This paper - a product of the Environment, Infrastructure, and Agriculture Division, Policy Research Department - is part of a larger effort in the department's ongoing work on industrial pollution and also to study whether capital markets in developing countries can provide the incentives needed for pollution control. The study was funded by the Bank's Research Support Budget under the research project Incentives for Pollution Control in Developing Countries: The Role of Capital Markets (RPO 680-76).
Can Capital Markets Create Incentives For Pollution Control
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Author : Paul Lanoie
language : en
Publisher:
Release Date : 1997
Can Capital Markets Create Incentives For Pollution Control written by Paul Lanoie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Capital market categories.
Capital Market Responses To Environmental Performance In Developing Countries
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Author : Susmita Dasgupta
language : en
Publisher: World Bank Publications
Release Date : 1998
Capital Market Responses To Environmental Performance In Developing Countries written by Susmita Dasgupta and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Capital market categories.
Disclosure Of Environmental Violations And The Stock Market In The Republic Of Korea
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2004
Disclosure Of Environmental Violations And The Stock Market In The Republic Of Korea written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Industrial management categories.
Using Economic Policy To Improve Environmental Protection In Pakistan
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Author : Rashid Faruqee
language : en
Publisher: World Bank Publications
Release Date : 1997
Using Economic Policy To Improve Environmental Protection In Pakistan written by Rashid Faruqee and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Agricultura - Pakistan categories.
Regulating Land And Pollution In China
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Author : Benjamin van Rooij
language : en
Publisher: Amsterdam University Press
Release Date : 2006
Regulating Land And Pollution In China written by Benjamin van Rooij and has been published by Amsterdam University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Law categories.
Annotation. Many of China's rivers and lakes are strongly polluted, the air in cities is amongst the worst in the world, while some have warned that if the country is not careful it may soon have insufficient arable land to feed its population. This book looks at why the protection of natural resources through stricter legislation and more stringent law enforcement has been so difficult. It does so through a combination of a local case with comparative and theoretical insights about lawmaking, compliance and enforcement. It offers a unique view on how law functions in the world's largest legal system, and how such law interacts with the social, economic and political circumstances at hand. This book offers an incomparable body of empirical and theoretical knowledge for those interested in how law functions in China, as well as those interested in the workings of regulatory lawmaking, compliance, and enforcement in a comparative perspective. This title can be previewed in Google Books - http://books.google.com/books?vid=ISBN9789087280130.
Opportunities For Improving Environmental Compliance In Mexico
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Author : Susmita Dasgupta
language : en
Publisher: World Bank Publications
Release Date : 1999
Opportunities For Improving Environmental Compliance In Mexico written by Susmita Dasgupta and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Environmental education categories.
"One of the main reasons for noncompliant firms' poor environmental performance is the information gap on Mexico's environmental policy. Pollution control could be improved through systematically fuller communication targeted to noncompliant firms-- including more environmental education, especially of senior managers"--Cover.
Environmental Regulation In The New Global Economy
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Author : Rhys Jenkins
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-07-29
Environmental Regulation In The New Global Economy written by Rhys Jenkins and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-07-29 with Business & Economics categories.
This book attempts to answer these questions using case studies of three pollution-intensive industries: iron and steel, leather tanning, and fertilizers. Based on in-depth interviews with managers and regulators in Western and Eastern Europe, Asia, Africa and Latin America, the book illustrates the variety of responses to the conflicting pressures of globalization and environmental protection at corporate and industry levels.
Firms Environmental Performance
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2006
Firms Environmental Performance written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economia ambiental categories.
"The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and another centered on the role of informal regulation which mainly emphasizes the role of communities and capital markets. The authors analyze the impact of environmental news in print media on firms' environmental performance. Using data from a survey of industrial facilities in the Republic of Korea, probit estimation results indicate that the publication of environmental news in print media and the firm's awareness of this publication are important predictors of a firm's environmental performance, more so than environmental laws, regulations, and environmental training. This paper thus reemphasizes the key role of media in influencing firms' environmental performance. "--World Bank web site.