Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry

Lise Tole () and Gary Koop
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Lise Tole: Department of Economics, University of Strathclyde

No 11-36, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: This paper uses data on the worldÂ's copper mining industry to measure the impact on efficiency of the adoption of the ISO 14001 environmental standard. Anecdotal and case study literature suggests that fiÂ…rms are motivated to adopt this standard so as to achieve greater efficiency through changes in operating procedures and processes. Using plant level panel data from 1992-2007 on most of the worldÂ's industrial copper mines, the study uses stochastic frontier methods to investigate the e¤ects of ISO adoption. The variety of models used in this study fiÂ…nd that adoption either tends to improve efficiency or has no impact on efficiency, but no evidence is found that ISO adoption decreases efficiency.

Keywords: ISO 14001 environmental standard; Â…firm performance; stochastic frontier cost function; copper mining industry (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011-06
New Economics Papers: this item is included in nep-eff and nep-env
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Related works:
Journal Article: Estimating the impact on efficiency of the adoption of a voluntary environmental standard: an empirical study of the global copper mining industry (2013)
Working Paper: Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry (2012)
Working Paper: Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry (2011)
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