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pollution are low. In this case RJVs fully share information and internalize the associated externality. However when the level …
Persistent link: https://www.econbiz.de/10012471483
, and reduced corporate pollution among firms that (a) release the specific chemicals covered by Apex and (b) are close to … suggest that creditors rapidly responded to Apex and successfully induced firms to reduce pollution …
Persistent link: https://www.econbiz.de/10012938709
We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then match this management data to production and energy usage information for establishments owned by these firms. We find that establishments in better managed firms are significantly...
Persistent link: https://www.econbiz.de/10012464253
This study provides new evidence on the impact of air pollution in London over the century from 1866-1965. To identify … weeks with elevated pollution levels I use new data tracking the timing of London's famous fog events, which trapped … emissions in the city. These events are compared to detailed new weekly mortality data. My results show that acute pollution …
Persistent link: https://www.econbiz.de/10012453227
pollution in generating this pattern, due largely to a lack of direct pollution measures. I overcome this problem by combining … polluting inputs. Using this new measure, I show that pollution had a strong impact on mortality as far back as the 1850s …. Industrial pollution explains 30-40% of the relationship between mortality and population density in 1851-60, and nearly 60% of …
Persistent link: https://www.econbiz.de/10012457022
This paper explores abatement investment and location responses to environmental policy, which takes the form of emission taxes or tradeable emission permits and subsidies against the costs of abatement investment, under uncertainty and irreversibility. Uncertainty is associated with output...
Persistent link: https://www.econbiz.de/10012471512
Investing according to environmental, social, and governance (ESG) criteria is gaining momentum. Most environmental performance indices focus only on the tonnage of carbon dioxide (CO₂) emissions. This paper proposes an index covering eight pollutants expressed in monetary damage. Inclusion of...
Persistent link: https://www.econbiz.de/10012696363
exists an evident heterogeneous effect across industries with different pollution intensities. Stricter environmental …
Persistent link: https://www.econbiz.de/10012480484
Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...
Persistent link: https://www.econbiz.de/10012482725
This paper treats programs in which firms voluntarily agree to meet environmental standards as "green clubs": clubs, because they provide non-rival but excludable reputation benefits to participating firms; green, because they also generate environmental public goods. The model illuminates a...
Persistent link: https://www.econbiz.de/10012462031