Regional environmental and energy policies: are they effective for the sustainable transition of listed companies?

Donatella Baiardi and Maria Gaia Soana

Regional Studies, 2023, vol. 57, issue 5, 961-975

Abstract: We test the effectiveness of environmental and energy policies, complying with legal requirements and followed voluntarily, on endeavours towards green and energy transitions. With this aim, a sample of Italian listed firms in the period 2008–19 is investigated. The empirical framework is developed by means of a propensity score matching analysis with multiple treatments, implemented in both a panel data and cross-sectional contexts. Our results show that regional interventions operate as a push/pull mechanism in driving companies to be more environmentally friendly. This is important for identification of policy-driven changes which make some regions more successful than others in sustainability transition.

Date: 2023
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DOI: 10.1080/00343404.2022.2147918

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