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,...

Manufacturers have been increasingly relying on environmental management systems (such as ISO 14001 based ones) to comply with government regulations and reduce waste. In this paper, we investigated the impact of ISO 14001 certification on manufacturers' toxic release by release level. We...

Agro-biodiversity can provide natural insurance to risk averse farmers. We employ a conceptual ecological-economic model to analyze the choice of agrobiodiversity by risk averse farmers who have access to financial insurance. We study the implications for individually and socially optimal...

Market-based approaches to environmental management, such as payment for environmental services (PES), have attracted unprecedented attention during the past decade. PES policies, in particular, have emerged to realign private and social benefits such as internalizing ecological externalities...

The subject of this paper is the contemporary use of the circular economy in business practice. The topicality of this theme was the reason for resolving the main objectives, which were to determine how enterprises in the Czech Republic are currently involved in the circular economy. The authors...

We measure eco-efficiency of an economy by means of an augmented Leontief input-output model extended by constraints for primary inputs. Using a multi-objective optimization model, the eco-efficiency frontier of the economy is generated. The results of these multi-objective optimization problems...

In addition to promote economic growth, industrialization had caused negative impacts on the environment. It was required a lot of efforts to overcome negative impacts, although the results were still not as expected. Starting from this condition this research aimed to design an environmental...

The bioeconomy-specific paradigm has changed the perception of economic growth in the sense that the growth limits do not matter, but new growth opportunities. These are focused on: knowledge, investment in research, innovation and technological performance, which give meaning to the concept of...

The high level of negative impact on the environment and the deterioration of its quality necessitate the greening of production and economic activities. The purpose of this study was to determine the direction and degree of the causal relationship between the environmental and financial...

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty prior to decision-making, collecting new data may help arrive at more informed decisions. Whether any resulting improvement in the decision will outweigh the cost of collecting the...