This paper explores the operational and market efficiencies of various biotechnological company formats in Taiwan during the period 2006 to 2008 by adopting the two-stage directional distance function and the meta-frontier concept. It conducts an efficiency assessment by taking into account a...

Due to the effects of global warming, environment change has increasingly become a critical research issue and then environment change may be derived from excessive industry development, deforestation, and pollution. In this study, we attempt to evoke people's reflection on environmental...

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980 follows the "polluter pays" principle by placing retroactive liability on responsible firms. Yet this cost is borne by current shareholders who did not benefit from past low-cost waste management. This...