This article addresses the mediating effect of corruption on the influence of stringency of environmental regulation on firms' voluntary environmental performance. Using panel data from adoption of the EU Eco-Management and Audit Scheme (EMAS) across European Union countries from 1995 to 2011,...

Studies of second-best environmental regulation of identical polluting agents have invariably ignored potentially welfare-improving asymmetric regulation by imposing equal regulatory treatment of identical firms at the outset. Yet, cost asymmetry between oligopoly firms may well give rise to...

Mainly due to a $300 billion or so shortfall in corporate income tax collection in the USA, US companies operated as ‘offshore' companies in Europe by their European owners are facing increasingly risk harsh scrutiny by the US regulatory bodies for non-compliance with tax regulations. The...