This paper shows a significant and causal positive relationship between good institutions and sustainability. Sustainability is measured by the indicator of adjusted net saving (ANS) and institutional quality by an average of six dimensions of governance. An instrumental variable is used to rule...

This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...

We investigate the impact of environmental regulation on firm performance and Investment behavior. Exploiting the case of a German water withdrawal regulation that is managed on the state level, we analyze firms' reactions to an increase in the water tax using a regression-adjusted...

We investigate the impact of environmental regulation on firm performance and investment behavior. Exploiting the case of a German water withdrawal regulation that is managed on the state level, we analyze firms’ reactions to an increase in the water tax using a regression- adjusted...

Nach Definition der Brundtland-Kommission ist eine Entwicklung nachhaltig, wenn sie "den Bedürfnissen der heutigen Generation entspricht, ohne die Möglichkeiten künftiger Generationen zu gefährden, ihre eigenen Bedürfnisse zu befriedigen und ihren Lebensstil [frei] zu wählen". Diese...

The article proceeds with an introduction into the main definitions of green growth and related concepts and discusses their core defining features. Based thereon, the production framework is introduced and the essential aspects of our definition of green growth are presented. Subsequently, the...