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

A. Biscione, Dorothee Boccanfuso and A. de Felice

No 1, Working Papers from Africa Institute for Research in Economics and Social Sciences

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: 27 pages
Date: 2021-06
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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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