This paper presents empirical evidence on the effects of environmental regulation announcements on corporate performance in China when performance is proxied by stock returns. While some results indicate the effectiveness of environmental regulation, others point to the opposite. The perverse...

'Here finally is a book that educates us deeply about the economic costs and gains of cleaning up the environment and of finally coming to terms with the costs of human induced climate at the micro- and macro-economic level. Replete with case studies from China, Australia and the USA,...

This paper investigates the impact of announcements of European environmental regulations on the French equity market. Using event study methodology and asset pricing models, we assess whether announcements of stringent and lax policies affect returns of environmentally-friendly businesses and...