scholarly journals Can Environmental Regulations be Good for Business? An Assessment of the Porter Hypothesis

2006 ◽  
Vol 14 (2) ◽  
Author(s):  
Stefan Ambec ◽  
Philippe Barla
Keyword(s):  
Environmental Regulations ◽  
Porter Hypothesis ◽  
Good For

Impacts of Environmental Regulation on Sustainable Economic Growth

2018 ◽  
Vol 9 (9) ◽  
pp. 749-773
Author(s):  
Jonathan Fisher
Keyword(s):  
Economic Growth ◽  
Environmental Regulation ◽  
Technical Change ◽  
Best Practice ◽  
Environmental Regulations ◽  
The European Union ◽  
Porter Hypothesis ◽  
The United Kingdom ◽  
Environment Agency ◽  
Sustainable Economic Growth

There is considerable concern and debate about the economic impacts of environmental regulations. Jonathan Fisher, former Economics Manager at the Environment Agency in England and Wales, reviews the available evidence on this subject. Section 2 presents estimates of the costs and benefits of environmental regulations. Section 3 examines the impacts of environmental regulations on economic growth, innovation and technical change as well as impacts on competitiveness and any movement of businesses to less pollution havens. He questions call for greater certainty regarding future environmental regulations, whereas in fact there should be calls for less uncertainty. This section then suggests how this could be achieved. This section then finishes with an overview of the available evidence. This includes an examination of the Porter Hypothesis that environmental regulations can trigger greater innovation that may partially or more than fully offset the compliance costs. Section 4 then sets out principles for how better environmental regulation can improve its impacts on sustainable economic growth and illustrates how the European Union (EU) Water Framework Directive is a good example of the application of these principles in practice. Section 5 reviews current and recent political perspectives regarding developments in environmental regulations across the EU and shows how the United Kingdom (UK) has successfully positively managed to influence such developments so that EU environmental regulations now incorporate many of these principles to improve their impacts on economic growth. Section 5.1 then examines the implications of Brexit for UK environmental regulations. Finally, Section 6 sets out some best practice principles to improve the impacts of environmental regulation on sustainable economic growth, innovation and technical change.

scholarly journals Environmental Regulation and Financial Performance in China: An Integrated View of the Porter Hypothesis and Institutional Theory

2020 ◽  
Vol 12 (23) ◽  
pp. 10183
Author(s):  
Eunmi Lee
Keyword(s):  
Institutional Theory ◽  
Financial Performance ◽  
Environmental Protection ◽  
Environmental Regulation ◽  
Environmental Regulations ◽  
Command And Control ◽  
Porter Hypothesis ◽  
And Control ◽  
The Relationship ◽  
Positive Impacts

The link between environmental regulations and financial performance has long been studied, but whether command and control environmental regulation or voluntary instruments induce better results is an unsettled question. By drawing on the Porter Hypothesis, this paper examines whether both approaches to environmental protection boost forms of environmental protection regulations that have positive impacts on financial performance. By integrating institutional theory, this study also examines whether ownership structures moderate the relationship between environmental regulation and financial performance. The results from data on 183 firms listed on the Shanghai and Shenzhen Stock Exchanges confirmed that both command and control environmental regulation and voluntary instruments positively affect financial performance. This paper also found that ownership structure strengthens the relationship between command and control environmental regulation and financial performance. The findings enrich the Porter Hypothesis and contribute to environmental research by revealing that properly designed environmental regulations have positive impacts on financial performance. By drawing on institutional theory, this study further contributes to business and management studies by confirming that the specific moderator, China’s state-owned enterprises, is a crucial contributor in achieving robust financial results.

Triggering business responses to climate policy in Australia

2020 ◽  
pp. 031289622097675
Author(s):  
Raymond Markey ◽  
Joseph McIvor ◽  
Martin O’Brien ◽  
Chris F Wright
Keyword(s):  
Environmental Impact ◽  
Climate Policy ◽  
Survey Data ◽  
Environmental Regulations ◽  
Carbon Price ◽  
Jel Classification ◽  
Porter Hypothesis ◽  
Environmental Innovation ◽  
Carbon Reduction ◽  
Anticipation Effects

The ‘Porter hypothesis’ predicts that well-designed environmental regulations will stimulate businesses to innovate to reduce their environmental impact for efficiency reasons. This article analyses the impacts and anticipation effects of Australia’s carbon price on firms’ carbon reduction activities, through survey data on 466 medium-to-large Australian businesses. We build upon the Porter hypothesis by demonstrating that the anticipated impact of regulation may be as important as its implementation in triggering environmental innovation, thus developing the notion of a ‘signal’ effect. JEL Classification: D22 and 033

scholarly journals Financial Development and Environmental Regulations: The Two Pillars of Green Transformation in China

2020 ◽  
Vol 17 (24) ◽  
pp. 9242
Author(s):  
Cong Li ◽  
Xihua Liu ◽  
Xue Bai ◽  
Muhammad Umar
Keyword(s):  
Economic Development ◽  
Environmental Regulation ◽  
Financial Development ◽  
Technological Progress ◽  
Environmental Regulations ◽  
Theoretical Framework ◽  
Porter Hypothesis ◽  
Chinese Enterprises ◽  
The Relationship ◽  
China’S Economy

Awareness of the influence of environmental regulations and financial development on green technological progress by Chinese enterprises will help to promote the green transformation of China’s economy, thereby comprehensively enhancing the quality and competitiveness of its economic development. This paper constructs a theoretical framework to analyze environmental regulation, financial development, and green technological progress and studies the relationship among these three indicators using 2004–2018 data from Shandong province. The results show that environmental regulations and financial development both play roles in promoting green technological progress, but as environmental regulation becomes stronger, the effects of finance on green technological progress begin to differ across regions. The results partially verify the applicability of the Porter hypothesis in China, providing a reference for all levels of government to formulate scientific and reasonable environmental rules and policies.

scholarly journals Do Environmental Regulations Increase Bilateral Trade Flows?

2015 ◽  
Vol 15 (4) ◽  
pp. 1549-1577 ◽  
Author(s):  
Tetsuya Tsurumi ◽  
Shunsuke Managi ◽  
Akira Hibiki
Keyword(s):  
Environmental Regulation ◽  
Indirect Effect ◽  
Bilateral Trade ◽  
Environmental Regulations ◽  
Abatement Cost ◽  
Trade Flows ◽  
Policy Recommendations ◽  
Porter Hypothesis ◽  
Environmental Preservation ◽  
Bilateral Trade Flows

Abstract The argument that stringent environmental regulations are generally thought to harm export flows is crucial when determining policy recommendations related to environmental preservation and international competitiveness. By using bilateral trade data, we examine the relationships between trade flows and various environmental stringency indices. Previous studies have used energy intensity, abatement cost intensity, and survey indices for regulations as proxies for the strictness of environmental policy. However, they have overlooked the indirect effect of environmental regulations on trade flows. If the strong version of the Porter hypothesis is confirmed, we need to consider the effect of environmental regulation on gross domestic product (GDP), because GDP induced by environmental regulation affects trade flows. The present study clarifies the effects of regulation on trade flows by distinguishing between the indirect and direct effects. Our results indicate an observed non-negligible indirect effect of regulation, implying that the overall effect of appropriate regulation benefits trade flows.

scholarly journals Environmental regulations, innovation and firm performance: A revisit of the Porter hypothesis

2017 ◽  
Vol 155 ◽  
pp. 79-92 ◽  
Author(s):  
Ramakrishnan Ramanathan ◽  
Qile He ◽  
Andrew Black ◽  
Abby Ghobadian ◽  
David Gallear
Keyword(s):  
Firm Performance ◽  
Environmental Regulations ◽  
Porter Hypothesis

Seti Figure of Merit

1997 ◽  
Vol 161 ◽  
pp. 711-717 ◽  
Author(s):  
John W. Dreher ◽  
D. Kent Cullers
Keyword(s):  
Figure Of Merit ◽  
Qualitative Difference ◽  
Current Generation ◽  
Detection Range ◽  
Sky Surveys ◽  
Independent Observations ◽  
Good For

AbstractWe develop a figure of merit for SETI observations which is anexplicitfunction of the EIRP of the transmitters, which allows us to treat sky surveys and targeted searches on the same footing. For each EIRP, we calculate the product of terms measuring the number of stars within detection range, the range of frequencies searched, and the number of independent observations for each star. For a given set of SETI observations, the result is a graph of merit versus transmitter EIRP. We apply this technique to several completed and ongoing SETI programs. The results provide a quantitative confirmation of the expected qualitative difference between sky surveys and targeted searches: the Project Phoenix targeted search is good for finding transmitters in the 109to 1014W range, while the sky surveys do their best at higher powers. Current generation optical SETI is not yet competitive with microwave SETI.

Lactamide-MEA Looks Good for Cradle Cap

2006 ◽  
Vol 40 (12) ◽  
pp. 53
Author(s):  
SHARON WORCESTER
Keyword(s):  
Good For
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