2012 Fiscal Year Final Research Report
Voluntary approaches and behavior of firms
| Project/Area Number |
23710065
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Environmental impact assessment/Environmental policy
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| Research Institution | Fukuoka Institute of Technology |
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Principal Investigator |
IWATA Hiroki 福岡工業大学, 公私立大学の部局等, 助教 (90511692)
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| Project Period (FY) |
2011 – 2012
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| Keywords | 環境経済 / 環境政策 / 自主的取組 / 環境情報 / 環境対応 |
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| Research Abstract |
Our analysis examines the effects of environmental performance on financial performance using the data of Japanese manufacturing firms. Our estimation results show the different effects of each environmental performance on financial performances. Next, we analyze whether environmental information of firms should be mandatorily disclosed or disclosed voluntarily. Our model shows that voluntary approach may induce firms to invest more than mandatory disclosure policies because the effects of asymmetric information exist.
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