Regulations and Corporate Environmental Responsibility: evidence from a panel of firms in Transition Economies

Antonella Biscione (), Dorothee Boccanfuso and Annunziata de Felice ()
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Antonella Biscione: Department of Bioeconomic Strategies in the European Union and in the Balkans CESPIC, Catholic University Our Lady of Good Counsel
Annunziata de Felice: Department of Law, University of Bari Aldo Moro

No 1011, Working Papers from European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'

Abstract: The aim of this study is to investigate how a set of regulations influences the pro-environmental actions of firms in a panel of 25 Transition Countries. For this purpose, we use the enterprise survey data developed by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank Group (WBG). Based on a logit modeling and on the construction of different indicators characterizing the environmental actions of the firms, we find that regulation affects positively the decision of firms to implement an eco-action. Results are confirmed when we examine the different eco-action categories. Findings obtained from the interactions are also worthy of note. In particular, we find that board of directors are more prone to consider shareholder interests, and a strong network effect emerges between EU candidate countries and EU economies.

Keywords: Corporate Environmental Responsibility; Manufacturing Firms; Regulation; Transition countries (search for similar items in EconPapers)
JEL-codes: L60 M14 Q58 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2021-02
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Regulations and Corporate Environmental Responsibility: evidence from a panel of firms in Transition economies (2021)
Working Paper: Regulations and Corporate Environmental Responsibility: Evidence from a panel of firms in Transition Economies (2021)
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