We document that localized policies aimed at mitigating climate risk can have unintended consequences due to regulatory arbitrage by firms. Using a difference-in-differences framework to study the impact of the California cap-and-trade program with US plant level data, we show that financially...

На основе анализа международной практики корпоративного управления в сфере охраны окружающей среды, программно-целевых актов Президента и Правительства...

Conservation International (CI) has for many years recognized both the impact private sector development has on global biodiversity and the opportunity companies present to achieving biodiversity conservation results if their resources are properly harnessed. As a result, CI has long engaged...

Over the past year, there have been substantial changes in international climate policy. The negotiations on the Kyoto treaty have coincided with firms shifting their positions, both individually and at the sector level. An increasing number of large firms now support climate measures. In...

Arguments can be made on both sides of the question of whether a stringent, global corporate environmental standard represents a competitive asset or liability for multinational enterprises (MNEs) investing in emerging and developing markets. This paper seeks to answer this question by analyzing...

Arguments can be made on both sides of the question of whether a stringent, global corporate environmental standard represents a competitive asset or liability for multinational enterprises (MNEs) investing in emerging and developing markets. This paper seeks to answer this question by analyzing...