Title: Motivation for Firms to Adopt Environmental Self-regulation and Its Policy Implications
Abstract: Environmental self-regulation solves the problems of incentives and asymmetric information in traditional regulation.Therefore it has become an efficient part of the whole environmental regulation system.Motivations for a firm to adopt self-regulation origins from four targets: to increase productivity,to cater to the green customers,to relieve external press,and to take as a strategy for government regulation and market competition.Moreover,environmental self-regulation is affected by firm size,RD capability and former environmental performance.It is difficult for the majority of Chinese firms to adopt environmental self-regulation.However,policies are suggested to taken including information release and guiding the investors.The government should change its role in environmental regulation and help the firms in improving their environmental standards.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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Cited By Count: 1
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