Firms'environmental performance: does news matter ?

Nlandu Mamingi, Susmita Dasgupta (), Benoit Laplante and Jong Ho Hong

No 3888, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Environmental Economics&Policies; Green Issues; Educational Technology and Distance Education; Brown Issues and Health; Environmental Governance (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env
Date: 2006-04-01
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