Firms' environmental performance
Subtitle: does news matter ?
By: Nlandu Mamingi ...[et al.].
Contributors: World Bank
Series: Policy research working paper -- 3888; Policy research working papers (Online) -- 3888.
Publisher: World Bank
Published: 2006
Place of publication: Washington, D.C
Language: eng
Format: [electronic resource] :
Subjects: Environmental indicators; Social responsibility of business
Description: "The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and another centered on the role of informal regulation which mainly emphasizes the role of communities and capital markets.  The authors analyze the impact of environmental news in print media on firms' environmental performance.  Using data from a survey of industrial facilities in the Republic of Korea, probit estimation results indicate that the publication of environmental news in print media and the firm's awareness of this publication are important predictors of a firm's environmental performance, more so than environmental laws, regulations, and environmental training.  This paper thus reemphasizes the key role of media in influencing firms' environmental performance. "--World Bank web site.
Notes: Title from PDF file as viewed on 4/19/2006.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.