Environmental Compliance and Firm Performance: Evidence from China

Oxford Bulletin of Economics and Statistics

Volumn 74, Issue 3, 2012, Pages 397-424

  Yang, Xi ^a   Yao, Yang ^b  

^a JOHNS HOPKINS UNIVERSITY   (United States)

^b PEKING UNIVERSITY   (China)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84860432437     PISSN: 03059049     EISSN: 14680084     Source Type: Journal    
DOI: 10.1111/j.1468-0084.2011.00649.x     Document Type: Article

References (33)

1. Ambec, S. and Barla, P. (2006). Can Environmental Regulations be Good for Business? An Assessment of the Porter Hypothesis, Mimeo, Department of Economics, Universite Laval, Quebec.
2. Amiti, M. and Javorcik, B. (2008). 'Trade costs and location of foreign firms in China', Journal of Development Economics, Vol. 85, pp. 129-149.
3. Bansal, P. and Hunter, T. (2003). 'Strategic explanations for the early adoption of ISO14001', Journal of Business Ethics, Vol. 46, pp. 289-299.
4. Berman, E. and Bui, L. (2001). 'Environmental regulation and productivity: evidence from oil refineries', The Review of Economics and Statistics, Vol. 83, pp. 498-510.
5. Brunnermeier, S. and Cohen, M. (2003). 'Determinants of environmental innovation in US manufacturing industries', Journal of Environmental Economics and Management, Vol. 45, pp. 278-293.
6. Capon, N., Farley, J. and Hoenig, S. (1990). 'Determinants of financial performance: a meta-analysis', Management Science, Vol. 36, pp. 1143-1159.
7. Christmann, P. (2000). 'Effects of ''best practices'' of environmental management on cost advantage: the role of complementary assets', The Academic of Management Journal, Vol. 43, pp. 663-680.
8. Dean, J., Lovely, M. and Wang, H. (2009). 'Are foreign investors attracted to weak environmental regulations? evaluating the evidence from China', Journal of Development Economics, Vol. 90, pp. 1-13.
9. Dowell, G., Hart, S. and Yeung, B. (2000). 'Do corporate global environmental standards create or destroy market value?' Management Science, Vol. 46, pp. 1059-1074.
10. Fernández-Val, I. (2007). Fixed Effects Estimation of Structural Parameters and Marginal Effects in Panel Probit Models, Working Paper, Department of Economics, Boston University.
11. Gollop, F. and Roberts, M. (1983). 'Environmental regulations and productivity growth: the case of fossil-fuelled electric power generation', Journal of Political Economy, Vol. 91, pp. 654-674.
12. Gray, W. (1987). 'The cost of regulation: OSHA, EPA and the productivity slowdown', The American Economic Review, Vol. 77, pp. 998-1006.
13. Jaffe, A. and Palmer, K. (1997). 'Environmental regulation and innovation: a panel data study', The Review of Economics and Statistics, Vol. 79, pp. 610-619.
14. Javorcik, B. (2004). 'Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages', American Economic Review, Vol. 94, pp. 605-627.
15. Jiang, R. and Bansal, P. (2003). 'Seeing the need for ISO14001', Journal of Management Studies, Vol. 40, pp. 1047-1067.
16. King, A. and Lenox, M. (2002). 'Exploring the locus of profitable pollution reduction', Management Science, Vol. 48, pp. 289-299.
17. Klassen, R. and McLaughlin, C. (1996). 'The impact of environmental management on firm performance', Management Science, Vol. 42, pp. 1199-1214.
18. Konar, S. and Cohen, M. (2001). 'Does the market value environmental performance?' The Review of Economics and Statistics, Vol. 83, pp. 281-289.
19. Lanoie, P., Patry, M. and Lajeunesse, R. (2008). 'Environmental regulation and productivity: testing the Porter hypothesis', Journal of Productivity Analysis, Vol. 30, pp. 121-128.
20. Miles, M. and Covin, J. (2000). 'Environmental marketing: a source of reputational, competitive, and financial advantage', Journal of Business Ethics, Vol. 23, pp. 299-311.
21. Mohamed, T. (2001). 'The impact of ISO14000 on developing world businesses', Renewable Energy, Vol. 23, pp. 579-584.
22. Murty, N. and Kumar, S. (2003). 'Win-win opportunities and environmental regulation: testing of Porter hypothesis for Indian manufacturing industries', Journal of Environmental Management, Vol. 67, pp. 139-144.
23. Porter, M. (1991). 'American's Green Strategy', Scientific American, Vol. 264, p. 168.
24. Porter, M. and van der Linde, C. (1995). 'Toward a new conception of the environment-competitiveness relationship', Journal of Economic Perspectives, Vol. 9, pp. 119-132.
25. Russo, M. and Fouts, P. (1997). 'A resource-based perspective on corporate environmental performance and profitability', The Academy of Management Journal, Vol. 40, pp. 534-559.
26. SEPA (State Environmental Protection Administration) (2006). The Environmental Protection in China: 1996 - 2005 (White Book), SEPA, Beijing.
27. Shen, Y. and Yao, Y. (2008). CSR and Firm Competitiveness: The Sustainability of Private Sector Development in China, Foreign Language Press, Beijing.
28. Stanwick, S. and Stanwick, P. (2000). 'The relationship between environmental disclosures and financial performance: an empirical study of US firms', Eco-Management and Auditing, Vol. 7, pp. 155-164.
29. Stock, J., Wright, J. and Yogo, M. (2002). 'A survey of weak instruments and weak identification in generalized method of moments', Journal of Business and Economics Statistics, Vol. 20, pp. 518-529.
30. Wang, H. and Jin, Y. (2007). 'Industrial ownership and environmental performance: evidence from China', Environmental and Resource Economics, Vol. 36, pp. 255-273.
31. Wang, H. and Wheeler, D. (2005). 'Financial incentives and endogenous enforcement in China's pollution levy system', Journal of Environmental Economics and Management, Vol. 49, pp. 174-196.
32. Wang, H., Mamingi, N., Laplante, B. and Dasgupta, S. (2003). 'Incomplete enforcement of pollution regulation: bargaining power in Chinese factories', Environmental and Resource Economics, Vol. 24, pp. 245-262.
33. Wu, S., Chu, P. and Liu, T. (2007). 'Determinants of a firm's ISO14001 certification: an empirical study of Taiwan', Pacific Economic Review, Vol. 12, pp. 467-487.