دانلود مقاله ISI انگلیسی شماره 51826
عنوان فارسی مقاله

حاکمیت شرکتی، مقررات زیست محیطی و تغییرات فناوری

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
51826 2015 26 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Corporate governance, environmental regulations, and technological change
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : European Economic Review, Volume 80, November 2015, Pages 36–61

کلمات کلیدی
مقررات زیست محیطی؛ تغییرات تکنولوژیکی؛ فرضیه پورتر ؛ حاکمیت شرکتی
پیش نمایش مقاله
پیش نمایش مقاله حاکمیت شرکتی، مقررات زیست محیطی و تغییرات فناوری

چکیده انگلیسی

This paper investigates the relationship between environmental regulations and innovation by focusing on the automobile industry in a cross-country setting. We provide empirical evidence that the presence of agency problems mitigates the negative effects of environmental regulations on overall R&D activity, which leads to full compensation when the degree of agency problems is sufficiently high. Guiding our empirical analysis, we provide a general model consistent with the structure of existing ownership data. Specifically, we model ownership structure as a combination of two extreme corporate governance types. On the one extreme there are profit maximizers, and on the other extreme there are managers who are only concerned with their private benefits. The model leads to a simple country level ownership indicator and shows that if an economy is dominated by firms with higher agency problems, then pollution tax might even increase overall R&D, while reducing pollution. According to our estimations, such an outcome is possible only for out-of-sample values of the ownership indicator, where the degree of agency problems is extremely high.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.