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Pollution Abatement Costs, Regulation And Plant-Level Productivity

Gray, Wayne B; Shadbegian, Ronald J - Census Bureau, Department of Commerce - 1994

We analyze the connection between productivity, pollution abatement expenditures, and other measures of environmental regulation for plants in three industries (paper, oil, and steel). We examine data from 1979 to 1990, considering both total factor productivity levels and growth rates. Plants...

Persistent link: https://www.econbiz.de/10005058645

Plant Vintage, Technology, and Environmental Regulation

Gray, Wayne B; Shadbegian, Ronald J - Census Bureau, Department of Commerce - 2001

Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using … annual Census Bureau information on 116 pulp and paper mills’ vintage, technology, productivity, and pollution abatement … include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on …

Persistent link: https://www.econbiz.de/10005058708

Environmental Regulation And Manufacturing Productivity At The Plant Level

Gray, Wayne B; Shadbegian, Ronald J - Census Bureau, Department of Commerce - 1993

steel). We combine productivity data from the Longitudinal Research Database ( LRD ) with pollution abatement expenditures …

Persistent link: https://www.econbiz.de/10005058713

Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence

Phillips, Gordon M; Maksimovic, Vojislav - Census Bureau, Department of Commerce - 1996

We show that the incentives to reorganize inefficient firms and redeploy their assets depend on the change in industry output and industry characteristics. We use plant-level data to investigate the productivity of Chapter 11 bankrupt firms and asset-sale and closure decisions. We find no...

Persistent link: https://www.econbiz.de/10005058744

When Do Firms Shift Production Across States to Avoid Environmental Regulation?

Shadbegian, Ronald J; Gray, Wayne B - Census Bureau, Department of Commerce - 2001

This paper examines whether a firm's allocation of production across its plants responds to the environmental regulation faced by those plants, as measured by differences in stringency across states. We also test whether sensitivity to regulation differs based on differences across firms in...

Persistent link: https://www.econbiz.de/10005058778

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are there Efficiency Gains?

Phillips, Gordon M; Maksimovic, Vojislav - Census Bureau, Department of Commerce - 1999

We analyze the market for firms, divisions, and plants of manufacturing firms using a large sample of plant-level data for the period 1974-92. There is an active market for corporate assets, with over 7 percent of plants transacted through mergers and asset sales in expansion years in the...

Persistent link: https://www.econbiz.de/10005058785

Environmental Regulation, Investment Timing, and Technology Choice

Gray, Wayne B; Shadbegian, Ronald J - Census Bureau, Department of Commerce - 1997

Persistent link: https://www.econbiz.de/10005058798

Do Conglomerate Firms Allocate Resources Inefficiently?

Phillips, Gordon M; Maksimovic, Vojislav - Census Bureau, Department of Commerce - 1999

We develop a profit-maximizing neoclassical of optimal firm size and growth across different industries. The model predicts how conglomerate firms will allocate resources across divisions over the business cycle and how their responses to industry shocks will differ from those of single-segment...

Persistent link: https://www.econbiz.de/10005058813

Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions

Kovenock, Dan; Phillips, Gordon M - Census Bureau, Department of Commerce - 1995

This paper examines whether capital structure decisions interact with product market characteristics to influence plant closing and investment decisions. The empirical evidence in this paper shows that a firm's capital structure, plant level efficiency, and industry capacity utilization are...

Persistent link: https://www.econbiz.de/10005058819

What Determines Environmental Performance at Paper Mills? The Roles of Abatement Spending, Regulation, and Efficiency

Shadbegian, Ronald J; Gray, Wayne B - Census Bureau, Department of Commerce - 2003

This paper examines the determinants of environmental performance at paper mills, measured by air pollution emissions per unit of output. We consider differences across plants in air pollution abatement expenditures, local regulatory stringency, and productive efficiency. Emissions are...

Persistent link: https://www.econbiz.de/10005058870