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successfully who caused a pollution or an environmental accident so as to sue the guilty and to settle an appropriate compensation …
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The ongoing SARS-CoV-2 pandemic is stressing the world population, health care system and economies at a level not experienced since WWII or the last “Spanish flu” pandemic of 1918. This shock provides a real-life test of the resilience of human societies, challenging our understanding and...
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We explore the relationship between managerial incentives and environmental harm. We find that high-powered executive compensation packages can increase the odds of environmental law-breaking by 40-60% and the magnitude of environmental harm by over 100%. We document similar results for the...
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This paper investigates the effect of financial constraints on pollution abatement methods. Using unique plant … discourage pollution prevention and have no impact on pollution treatment without environmental laws. First, financially … constrained firms are less likely to invest in pollution prevention but not in pollution treatment. Second, by applying a …
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