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Information As Regulation: The Effect of Community Right to Know Laws on Toxic Emissions
There is growing academic and policy-level interest in the use of information as quasi-regulatory mechanisms, such as toxic release inventory (TRI) and “green labels.” Mandatory disclosure requirements have been touted as “market-based incentives” that may affect firm behavior. We provide new eviden...
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| Published in: | Journal of environmental economics and management 1997-01, Vol.32 (1), p.109-124 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c567t-90c2333d1d9a486fefa00029cbdbbff6de0b8187685be1273f7aec812105ccd43 |
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| cites | cdi_FETCH-LOGICAL-c567t-90c2333d1d9a486fefa00029cbdbbff6de0b8187685be1273f7aec812105ccd43 |
| container_end_page | 124 |
| container_issue | 1 |
| container_start_page | 109 |
| container_title | Journal of environmental economics and management |
| container_volume | 32 |
| creator | Konar, Shameek Cohen, Mark A. |
| description | There is growing academic and policy-level interest in the use of information as quasi-regulatory mechanisms, such as toxic release inventory (TRI) and “green labels.” Mandatory disclosure requirements have been touted as “market-based incentives” that may affect firm behavior. We provide new evidence on the effectiveness of disclosure requirements by examining firm behavior in response to disclosures of TRI emissions. We find that firms with the largest stock price decline on the day this information became public subsequently reduced emissions more than their industry peers. This is consistent with the view that financial markets may provide strong incentives for firms to change their environmental behavior. |
| doi_str_mv | 10.1006/jeem.1996.0955 |
| format | article |
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| fulltext | fulltext |
| identifier | ISSN: 0095-0696 |
| ispartof | Journal of environmental economics and management, 1997-01, Vol.32 (1), p.109-124 |
| issn | 0095-0696 1096-0449 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38922422 |
| source | International Bibliography of the Social Sciences (IBSS); ScienceDirect Freedom Collection 2022-2024 |
| subjects | Access to information Disclosure Emissions Environmental economics Gas Information management Inventory Manycompanies Pollution Public interest Regulation Right to know Statistical analysis Stock prices Studies Toxicity |
| title | Information As Regulation: The Effect of Community Right to Know Laws on Toxic Emissions |
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