Critics assert that globalization is detrimental to the environment because it encourages location of poluting industries in countries with low environmenta regulations. We suggest that globalization might also have positive environmental effects because global ties increase self-regulation...

Firms pursue third-party certification to private standards to reduce firm-level information asymmetries of certain unobservable characteristics and thus obtain legitimacy. However, when the private standard’s legitimacy dilutes, those same firms have reasons to abandon certifications...

Globalization increases concerns about national governments’ ability to regulate firms’ environmental conduct because firms can avoid complying with stringent environmental regulations by locating polluting operations in countries with low regulations. Business self-regulation is...

Critics assert that globalization is detrimental to the environment because it encourages location of polluting industries to countries with low environmental regulations. We suggest that globalization might also have positive environmental effects because global ties increase self-regulation...