Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125742165> ?p ?o ?g. }
Showing items 1 to 74 of
74
with 100 items per page.
- W3125742165 abstract "We examine the effect of firm ownership status on three environmentally relevant variables: energy efficiency, toxic emissions and spending on pollution abatement. Prior research has demonstrated that public firms invest less than private firms and suggests this difference is due pressure from investors to strongly favor short over long-term earnings. We extend this logic to other firm behavior, examining whether publicly owned facilities invest in energy efficiency and pollution reduction differently than privately owned facilities. Using data from the US Census of Manufactures from 1980-2009, information on pollution from the EPA Toxic Release Inventory (TRI) and pollution abatement spending from the PACE survey, we find that facilities switching to public ownership are less energy efficient and spend less on pollution abatement than their privately owned counterparts. However, we also find that facilities switching to public ownership have lower toxic emissions than other facilities. We also examine how different sources of external pressures alter these results and find that increased regulatory scrutiny is correlated with increased energy efficiency, toxic emissions and abatement spending. More concentrated institutional ownership in public firms is associated with lower energy efficiency as is a greater brand focus. These latter results are broadly consistent with the idea that publicly owned firms respond to pressures from investors with a reduced focus on environmentally relevant variables. However, since facilities switching to public ownership have lower toxic emissions, this suggests that there are two competing pressures in publicly owned facilities: cost pressures, consistent with lowered energy efficiency, and public perceptions, consistent with lower toxic emissions, particularly since TRI data became available. In this sense, the combination of ownership and transparency of information appears to influence how firms prioritize different stakeholders." @default.
- W3125742165 created "2021-02-01" @default.
- W3125742165 creator A5022473752 @default.
- W3125742165 creator A5064852443 @default.
- W3125742165 date "2018-01-01" @default.
- W3125742165 modified "2023-09-27" @default.
- W3125742165 title "Public vs. Private Firms: Energy Efficiency, Toxic Emissions and Abatement Spending" @default.
- W3125742165 doi "https://doi.org/10.2139/ssrn.3125155" @default.
- W3125742165 hasPublicationYear "2018" @default.
- W3125742165 type Work @default.
- W3125742165 sameAs 3125742165 @default.
- W3125742165 citedByCount "0" @default.
- W3125742165 crossrefType "journal-article" @default.
- W3125742165 hasAuthorship W3125742165A5022473752 @default.
- W3125742165 hasAuthorship W3125742165A5064852443 @default.
- W3125742165 hasConcept C100001284 @default.
- W3125742165 hasConcept C10138342 @default.
- W3125742165 hasConcept C119599485 @default.
- W3125742165 hasConcept C127413603 @default.
- W3125742165 hasConcept C144133560 @default.
- W3125742165 hasConcept C162324750 @default.
- W3125742165 hasConcept C175605778 @default.
- W3125742165 hasConcept C17744445 @default.
- W3125742165 hasConcept C18903297 @default.
- W3125742165 hasConcept C199539241 @default.
- W3125742165 hasConcept C2742236 @default.
- W3125742165 hasConcept C2776050585 @default.
- W3125742165 hasConcept C2781426361 @default.
- W3125742165 hasConcept C47737302 @default.
- W3125742165 hasConcept C521259446 @default.
- W3125742165 hasConcept C86803240 @default.
- W3125742165 hasConceptScore W3125742165C100001284 @default.
- W3125742165 hasConceptScore W3125742165C10138342 @default.
- W3125742165 hasConceptScore W3125742165C119599485 @default.
- W3125742165 hasConceptScore W3125742165C127413603 @default.
- W3125742165 hasConceptScore W3125742165C144133560 @default.
- W3125742165 hasConceptScore W3125742165C162324750 @default.
- W3125742165 hasConceptScore W3125742165C175605778 @default.
- W3125742165 hasConceptScore W3125742165C17744445 @default.
- W3125742165 hasConceptScore W3125742165C18903297 @default.
- W3125742165 hasConceptScore W3125742165C199539241 @default.
- W3125742165 hasConceptScore W3125742165C2742236 @default.
- W3125742165 hasConceptScore W3125742165C2776050585 @default.
- W3125742165 hasConceptScore W3125742165C2781426361 @default.
- W3125742165 hasConceptScore W3125742165C47737302 @default.
- W3125742165 hasConceptScore W3125742165C521259446 @default.
- W3125742165 hasConceptScore W3125742165C86803240 @default.
- W3125742165 hasLocation W31257421651 @default.
- W3125742165 hasOpenAccess W3125742165 @default.
- W3125742165 hasPrimaryLocation W31257421651 @default.
- W3125742165 hasRelatedWork W1920443140 @default.
- W3125742165 hasRelatedWork W2012186366 @default.
- W3125742165 hasRelatedWork W2024457203 @default.
- W3125742165 hasRelatedWork W2097323834 @default.
- W3125742165 hasRelatedWork W2238162726 @default.
- W3125742165 hasRelatedWork W2260031690 @default.
- W3125742165 hasRelatedWork W2293785128 @default.
- W3125742165 hasRelatedWork W2577756820 @default.
- W3125742165 hasRelatedWork W2905677624 @default.
- W3125742165 hasRelatedWork W2912556297 @default.
- W3125742165 hasRelatedWork W3035452373 @default.
- W3125742165 hasRelatedWork W3121330502 @default.
- W3125742165 hasRelatedWork W3122624247 @default.
- W3125742165 hasRelatedWork W3122980948 @default.
- W3125742165 hasRelatedWork W3123849025 @default.
- W3125742165 hasRelatedWork W3125407928 @default.
- W3125742165 hasRelatedWork W3125595110 @default.
- W3125742165 hasRelatedWork W3167641337 @default.
- W3125742165 hasRelatedWork W3186350945 @default.
- W3125742165 hasRelatedWork W2736401213 @default.
- W3125742165 isParatext "false" @default.
- W3125742165 isRetracted "false" @default.
- W3125742165 magId "3125742165" @default.
- W3125742165 workType "article" @default.