The carbon dioxide emissions of firms: A spatial analysis

In order to gain a greater understanding of firms' ‘environmental behaviour’ this paper explores the factors that influence firms' emissions intensities and provides the first analysis of the determinants of firm level carbon dioxide (CO2) emissions. Focussing on Japan, the paper also exam...

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Bibliographic Details
Published in:Journal of environmental economics and management 2013-03, Vol.65 (2), p.290-309
Main Authors: Cole, Matthew A., Elliott, Robert J.R., Okubo, Toshihiro, Zhou, Ying
Format: Article
Language:English
Subjects:
Capital-labour ratio
Carbon dioxide
Carbon emissions
Correlation
Correlation analysis
Determinants
Emissions
Enterprises
Environmental economics
Environmental management
Exports
Firms
Formal and informal regulations
Industrial pollution
Japan
Organizational behavior
Research & development expenditures
Spatial
Spatial analysis
Studies
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Summary:In order to gain a greater understanding of firms' ‘environmental behaviour’ this paper explores the factors that influence firms' emissions intensities and provides the first analysis of the determinants of firm level carbon dioxide (CO2) emissions. Focussing on Japan, the paper also examines whether firms' CO2 emissions are influenced by the emissions of neighbouring firms and other possible sources of spatial correlation. Results suggest that size, the capital–labour ratio, R&D expenditure, the extent of exports and concern for public profile are the key determinants of CO2 emissions. Local lobbying pressure, as captured by regional community characteristics, does not appear to play a role, however emissions are found to be spatially correlated. This raises implications for the manner in which the environmental performance of firms is modelled in future.
ISSN:0095-0696
1096-0449
DOI:10.1016/j.jeem.2012.07.002