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Voluntary development of environmental management systems: motivations and regulatory implications

Toshihiro Uchida () and Paul Ferraro ()

Journal of Regulatory Economics, 2007, vol. 32, issue 1, 37-65

Abstract: Encouraging firms to develop voluntarily more comprehensive environmental management systems (EMSs) is touted as a policy tool to augment mandatory environmental regulations. Using a unique dataset of environmental management practices of Japanese manufacturers and controlling for self-selection bias in survey responses, we find that proxies for regulatory pressures and consumer pressures are the most important factors that motivate firms toward more comprehensive EMSs. Despite the oft-claimed “voluntary” nature of EMS development, our results show that the government may have a role to play in both directly and indirectly affecting EMS development by firms. Copyright Springer Science+Business Media, LLC 2007

Keywords: Environmental management; Japan; Pollution; Voluntary approaches; Q5; L5 (search for similar items in EconPapers)
Date: 2007
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