This paper aims at exploring the relationship between ownership concentration and firm value by using panel data for firms listed on the Bucharest Stock Exchange (BSE). Additionally, we investigate the influence of ownership origin on firm value. Results drawn from a longitudinal analysis of a...

Mitigation pledges put forward by countries under the UNFCCC process are "made to measure" in that they are tailored to fit each country's individual circumstances. However, the pledges also need to be made to be measured so that we have a full understanding of how the various commitments add up...

Market-based mechanisms offer a number of advantages to other regulatory approaches for GHG mitigation such as technology or performance standards and feed-in tariffs. Advantages include their ability to attain an emissions goal at lower cost and to create incentives for innovation among sources...

Market-based instruments such as Renewable Energy Certificate (REC) are increasingly favoured as an alternative to command-and-control legislation to increase the uptake of renewable energy. Focusing on the renewable energy industry and policy situation in Asia, this paper analysed the strengths...

This paper surveys the existing empirical evidence on the unintended consequences of food aid. Micro-level evidence is presented on the impacts of food aid deliveries on household labour supply, production incentives, consumption patterns and natural resource use. At the meso-level, evidence on...

The impact of payment for environmental services (PES) on poverty varies. Generally, PES is good for landowners and may negatively affect consumers if food demand is inelastic. Impacts also depend on the correlation between poverty and environmental amenities. If the richer farmers also provide...

Several countries are responding to the climate change threat with various policy measures (e.g., taxes, permit trading, regulations, information campaigns, etc). While the effectiveness of different measures (instruments) has been studied extensively, very little research exists related to...

Forestry as a large industry has significant impacts on the quality of forest landscapes in boreal forests. In Finland, the rapid growth of nature-based tourism has expanded tourism and outdoor recreation activities from protected areas into commercial forests, especially in northern Finland....

Forestry has significant impacts on the quality of the forest landscape for recreation and naturebased tourism. In Finland, the rapid growth of nature-based tourism has expanded outdoor recreation activities from protected areas into timber production forests both in private and public lands,...