Does ISO14001 raise firms f awareness of environmental protection? |Case from Vietnam

Bin Ni, Hanae Tamechika, Tsunehiro Otsuki and Keiichiro Honda
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Bin Ni: Graduate School of Economics, Osaka University
Tsunehiro Otsuki: Graduate School of Economics, Osaka University

No 16-05, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: Environmental protection is an inevitable issue that developing countries all have to deal with during the process of inviting foreign direct investment (FDI). However, high correlation between FDI and pollution doesn ft necessarily indicate that foreign firms are to blame. In this paper, we apply firm-level panel data in Vietnam and unique information on waste discharge to show that foreign firms are actually more active to acquire ISO14001, a voluntary environmental standard. And the adoption will in turn improve firms f performance in waste control. It also increases firms f welfare as well as their productivity level. This paper provides strong evidence that firms f efforts towards corporate social responsibility will eventually benefit themselves as well.

Keywords: FDI; ISO14001; Vietnam; environmental protection (search for similar items in EconPapers)
JEL-codes: D22 F21 F64 Q56 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2016-03
New Economics Papers: this item is included in nep-env and nep-sea
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