3540510

2745

In this paper we explore the motivation for the introduction of environmental management systems, and their certification. A distinction is drawn between their role in bringing about better compliance or improved performance, and as external indicators of good environmental practices to both other market participants and regulatory authorities. Drawing upon a database of approximately 4000 facilities in seven OECD countries, empirical evidence is found for the role that both factors play in encouraging the adoption and certification of EMSʹs, but that the relative importance of different factors varies according to facility size.

719

Q50 (environmental economics) , M14 (social respons , Signaling , ISO14001 , Environmental Management System , Asymmetric information , Corporate social responsibility , environmental policy , D82 (asymmetric and private information) , L15 (information and product quality)

Studia Iranica

730

730