Karpoff, Jonathan M; Lott Jr., John R; Wehrly, Eric W - In: Journal of Law and Economics 48 (2005) 2, pp. 653-75
This paper examines the sizes of the fines, damage awards, remediation costs, and market value losses imposed on companies that violate environmental regulations. Firms that violate environmental laws suffer statistically significant losses in the market value of firm equity. The losses,...
