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Regulations and Corporate Environmental Responsibility: evidence from a panel of firms in Transition Economies

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  • Antonella Biscione

    (Department of Bioeconomic Strategies in the European Union and in the Balkans CESPIC, Catholic University Our Lady of Good Counsel)

  • Dorothée Boccanfuso

    (Faculté de Gouvernance, Sciences Economiques et Sociales, Université Mohammed VI Polytechnique)

  • Annunziata de Felice

    (Department of Law, University of Bari Aldo Moro)

Abstract

The aim of this study is to investigate how a set of regulations influences the pro-environmental actions of firms in a panel of 25 Transition Countries. For this purpose, we use the enterprise survey data developed by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank Group (WBG). Based on a logit modeling and on the construction of different indicators characterizing the environmental actions of the firms, we find that regulation affects positively the decision of firms to implement an eco-action. Results are confirmed when we examine the different eco-action categories. Findings obtained from the interactions are also worthy of note. In particular, we find that board of directors are more prone to consider shareholder interests, and a strong network effect emerges between EU candidate countries and EU economies.

Suggested Citation

  • Antonella Biscione & Dorothée Boccanfuso & Annunziata de Felice, 2021. "Regulations and Corporate Environmental Responsibility: evidence from a panel of firms in Transition Economies," Working Papers 1011, European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'.
    • Handle: RePEc:pea:wpaper:1011
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    Cited by:

    1. Antonella Biscione & Dorothée Boccanfuso & Annunziata de Felice & Francesco Porcelli, 2023. "Barriers to firms’ energy efficiency in transition countries," Applied Economics, Taylor & Francis Journals, vol. 55(36), pages 4258-4272, August.
    2. Lim, King Yoong, 2024. "Heterogeneous environmental consciousness, carbon permit adoption, and endogenous growth: A case of China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 734-751.
    3. Antonella Biscione & Annunziata de Felice & Teodoro Gallucci, 2022. "Energy Saving in Transition Economies: Environmental Activities in Manufacturing Firms," Sustainability, MDPI, vol. 14(7), pages 1-17, March.

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    More about this item

    Keywords

    Corporate Environmental Responsibility; Manufacturing Firms; Regulation; Transition countries;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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