• Title/Summary/Keyword: Environmental Regulation of Government

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The Role of Government Regulations in Enhancing Corporate Social Responsibility Disclosure and Firm Value

  • FAISAL, Faisal;SITUMORANG, Lilis Suryani;ACHMAD, Tarmizi;PRASTIWI, Andri
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.509-518
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    • 2020
  • This study investigates, first, whether the extent of corporate social and environmental responsibility disclosure (CSERD) differs between 2010 and 2014; second, whether government regulation affects the extent of CSERD; and, third, whether the CSERD is valued by investors. Content analysis method was used to extract 466 companies' annual reports to measure the extent of social and environmental responsibility disclosure based on the Global Reporting Initiative (GRI) checklist. Independent sample t-test and multivariate regression analysis were also conducted to test the differences of the extent of CSERD as well as determinants and consequence of CSERD. Our results show that the extent of CSERD in 2014 is 21.60 percent higher than in 2010 (13.39 percent). Government regulation has a significant effect on the extent of CSERD. This study also finds that market values positively CSER information disclosed by company. Given that government regulation has a positive impact, however, the findings of this study suggests that the extent of CSERD is still low. To enhance CSERD, government should continuously encourage companies to abide by the regulations as mandated. This study provides a more comprehensive insights of CSRED practices from an emerging country and the effect of government regulation in enhancing CSERD.

Impacts of Corporate Network Building and Strategic Learning for Environmental Management on Business Performance

  • Kim, Youngshim;Jung, Hyung-Shik
    • Journal of Multimedia Information System
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    • v.8 no.4
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    • pp.267-276
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    • 2021
  • This study discovered the effects of strategic learning and network building on a company's environmental management performance. According to the results, the environmental awareness of the company and competition threats within the industry did not significantly affect the establishment of environmental strategy, whereas the consumer's sensitivity to the environment and the environmental regulation of the government did. The environmental awareness of the company and the consumer's sensitivity to the environment were found to greatly impact a company's network building. which is closely related with the utilization of multimedia system and technology. In addition, it was found that the establishment of corporate environmental strategy had a significant effect on network building and strategic learning, but network building did not significantly affect strategic learning, indicating a difference. Finally, corporate strategic learning affected environmental management performance, suggesting an importance in accumulating strategic learning capabilities to increase environmental management performance.

The Influence Factors on the Adoption of Environmental Management Systems in Korean Manufacturing Firms (우리나라 제조기업의 환경경영시스템 도입에 대한 영향요인 연구)

  • Choe, Jong-Min
    • Korean Management Science Review
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    • v.31 no.2
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    • pp.15-32
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    • 2014
  • This research empirically investigated the influence factors on the adoption of environmental management systems (EMS) in Korean manufacturing firms. In this study, the external factors (cause factors), the internal factors (facilitating factors) and the firm specific characteristics were integrally considered. In the factor analysis, the third item (regional society) of the external factors and the first item (environmental law) of government regulation were confounded with the items of the other factors. Thus, the confounded items were removed. In the second factor analysis, no items were replicated. The results of a multiple regression analysis showed that the influence factors such as government regulation, normative pressure, top management support, environmental strategy and employees' recognition, and ratio of large shareholders have a significant impact on the construction of EMS. However, the effects of the other firm specific characteristics were not statistically significant. We also examined whether both the number of environmental personnel and the allocation of environmental resources, which are directly related with the adoption of EMS, have a moderating impact on the relationships between other internal factors and the construction of EMS. With a subgroup analysis, the moderating roles of the number of environmental personnel were empirically confirmed. Through a multiple regression analysis, the direct effects of the external factors on the adoption or construction of the internal factors were demonstrated. The effects of government regulation, normative pressure and imitative pressure on the internal factors were significant and positive. Finally, in this study, the fact that the adoption of EMS can improve the environmental performance of a firm was also empirically found.

Confrontation Strategy of International Environmental Regulation (외국의 환경규제에 대한 대응전략)

  • Lee, Hyeon-Yong;Song, Jun-Yeop;Lee, Seung-U;Ryu, Byeong-Sun
    • Proceedings of the Safety Management and Science Conference
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    • 2006.11a
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    • pp.361-365
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    • 2006
  • Air pollution problem has been one of the most urgent global environmental problems since UN Framework Convention on Climate Change accepted in Rio Conference, 1992. International environmental regulations of global community to reduce the green house gases have Influenced the domestic environmental policies. Recently, various policy have been made to cope with foreign environment restrction and active supports for development of related technology have been carried out in our government confrontation strategy still leaves much to be desired. In this paper, government confrontation program to climate agreement, counter strategies in motor and also electrics, electronics industries are investigated and discussed.

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Making an Odorless City: The 1988 Seoul Olympic Games and the Transformation of Urban Odor Regulation (악취 없는 도시 만들기: 서울 올림픽과 도시 악취 규제의 전환)

  • WON, Chuyoung
    • Journal of Science and Technology Studies
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    • v.20 no.1
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    • pp.1-38
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    • 2020
  • This paper examines how South Korean government regulators and environmental scientists endeavored to improve the environmental quality of Seoul in preparation for the Olympic Games in 1988. When Seoul was nominated as a host city of the Summer Games in 1981, it was suffering from severe environmental pollution. The municipal government of Seoul and the Ministry of Environment initiated a series of pollution survey projects, which were followed by relevant regulatory procedures. One of the outcomes of these projects was the beginning of odor pollution regulation that used the Environmental Official Testing Method. Although the Pollution Prevention Act of 1963 made odor pollution such as unpleasant order, stench, and stink subject to environmental regulation, proper administrative procedures to reduce odor pollution were not in place until the 1980s. In order to reduce odor pollution in urban areas, governmental officers and environmental scientists tried to regulate odor-causing chemicals from factories. In June 1988, however, severe odor pollution was detected not from factories but from unregulated areas in Seoul, such as the waterside parks of the Han river, the downtown, and the marketplaces. The local regulators and scientists were concerned that the odor pollution could make a "wrong" impression on foreign athletes and visitors about the degree of "modernity" of Korea. This paper shows that the 1988 Summer Olympics was a transition point in the early history of odor regulation in South Korea, when the scope of odor regulation could be expanded.

The Influence Factors on the Activation of Environmental Innovations in Manufacturing Firms (제조기업의 환경혁신에 대한 원인요인과 촉진요인)

  • Choe, Jong-min
    • Korean Management Science Review
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    • v.32 no.3
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    • pp.71-89
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    • 2015
  • This research empirically investigated the influence factors on the activation of environmental innovations (EI) in Korean manufacturing firms. In this study, external factors (compulsory demand, government regulation, normative pressure and imitative pressure) and internal factors (environmental resources, top management support, integration of environmental tasks, capabilities of environmental personnel, and environmental strategy/environmental management systems) were totally considered. The results of a multiple regression analysis showed that influence factors such as top management support, environmental resources and integration of environmental tasks have a significant and positive impact on levels of EI. However, the effects of external factors were not statistically significant. We also examined whether capabilities of environmental personnel as well as environmental resources, which are directly related with degrees of EI, have a moderating impact on relationships between other internal factors and levels of EI. With a subgroup analysis, the moderating role of abilities of environmental personnel were empirically confirmed. Through a multiple regression analysis, the direct effects of external factors on the adoption or construction of internal factors were demonstrated. The effects of government regulation, normative pressure and imitative pressure on internal factors were significant and positive. It was also found that external factors have indirect effects on EI through internal factors. Finally, the results of multiple regression analyses indicated that EI positively influences the achievement of environmental competitive benefits, and environmental competitive advantages can improve the organizational performance of a firm.

Environmental Quality in Indonesia: Disruption by Economic Agents

  • AZWARDI, Azwardi;SUKANTO, Sukanto;ADNAN, Nazeli;KURNIAWAN, Arika
    • Asian Journal of Business Environment
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    • v.12 no.1
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    • pp.17-24
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    • 2022
  • Purpose: This study aims to determine the effect of economic agents, such as the amount of government expenditure on the environment, households, manufacturing industry, and shipping activities; on environmental degradation in Indonesia. Research design, data, and methodology: This study is conducted with 264 observations from panel data of 33 provinces during 2010-2017. Environmental degradation is measured by using the environmental quality index collected from Indonesian Ministry of Forestry and Indonesian Central Bureau of Statistics. Three testing models are used to test the panel data, namely Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM). Results: The research findings show that the amount of government expenditure on the environment, households, and shipping activities have a negative and significant effects on environmental degradation, while the number of manufacturing industry has positive and significant effect on environmental degradation. Unlike the previous studies, the result also shows that government expenditure on environmental has a positive and significant effect on environmental quality index. Conclusion: It can be concluded that even though Indonesian government spent a low budget on environment, their environmental regulation has succeeded both in reducing environmental degradation and increasing the environmental quality as indicated by Indonesian environmental quality index.

A Study of Appropriate Devolution of Environmental Administrative Functions in Korea - Focused on the Transition of Environmental Official's Perception between 2001 and 2003 years - (한국 환경행정기능의 정부간 적정배분에 관한 연구 - $2001{\cdot}2003$년 환경행정공무원의 인식에 대한 비교를 중심으로 -)

  • Chung Yong-Taik;Lee Sung-Bock;Kim Jong-O;Son Bu-Soon
    • Journal of environmental and Sanitary engineering
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    • v.20 no.4 s.58
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    • pp.31-37
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    • 2005
  • The objective of this study is to analyze and suggest the policy on devolution of environmental administrative function between central and local government in Korea. This study also research to make the prospect of power from central government to local government's officers by analyzing the characteristics and contents, standards of local devolution and the attitudes of central and local governments on its process from September 2001 to April 2003. The date collected from the more than 675 questionnairs of government officers included as the Ministry of Environment and local government. The date also collected from interview and field survey. The questionnaire had collected in two times between 2001 and 2003. The environmental administrative function has reallocated from central government to local government since 2001. The devolution focused on simple implemental services and institutional delegated services might result in the lack of initiative and locality of local governments. Therefore, devolution should be proceed towards reinforcing the decision-making capacity and financial and manpower of local government. This paper also showed the weakness on speciality and experience on local bureaucratic in Korean society. This study announced that local government's officer has appeared the negative impact on environmental regulation and the conflict between central and local government.

Regulation Standard of Fine Particles and Control Techniques of Emission Sources (미세먼지 관리기준과 발생원별 관리방안)

  • Park, Haewoo;Jo, Young Min
    • Journal of Korean Society for Atmospheric Environment
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    • v.29 no.4
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    • pp.486-503
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    • 2013
  • This paper has comprehensively reviewed fine dust control technology from emission sources. Owing to the stringent national regulation, domestic industries have made consistent efforts to develop the high efficiency facilities since 1960s. In these days, harmful particulate pollutants including dioxins and PAHs as well as $PM_{2.5}$ are also of critical interests in government and civic groups. In addition, simultaneous treatment of gas and particles is being widely studied. It is believed that hybrid facilities which integrate a few advanced equipment may meet the atmospheric guidelines.

An Analysis of the Influence of Korean Environmental Sectoral System of Innovation on Innovative Performances (한국 환경산업혁신체제의 혁신성과에 대한 영향 분석)

  • Ryu, Jae-Ho;Kim, Geun-U;Park, Jung-Gu
    • Journal of Energy Engineering
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    • v.29 no.1
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    • pp.85-99
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    • 2020
  • This article analyzes the influence of sectoral system of innovation(i.e. technological regime, market demand, networks, and institution) on innovative performances(i.e. product-, process-, organizational-, marketing-, and environmental- innovation) in Korean environmental industry, conducting a multiple regression analysis based on survey data from 201 Korean environmental companies. As the results, product innovation is positively influenced by internal technology accumulation and market demand response, while not affected by external knowledge utilization, market competition, networks among market and non-market agents, government support and regulation. Process innovation is positively influenced by internal technology accumulation, networks among non-market agents and regulation, but not by external knowledge utilization, market demand response, market competition, networks among market agents, and government support. While organizational innovation is positively influenced by internal technology accumulation, external knowledge utilization and regulation, it is not affected by market demand response, market competition, networks among market and non-market agents, and government support. While marketing innovation is positively influenced by internal technology accumulation, networks among non-market agents, and government support, it is not affected by external knowledge utilization, market demand response, market competition, networks among market agents, and regulation. Environmental innovation is positively influenced by external knowledge utilization and regulation, but negatively influenced by market competition. It is not affected by internal technology accumulation, market demand response, networks among market and non-market agents, and government support. Such results suggests the following policy implications. First, it is necessary to expand the sphere of relating markets through the application of convergence technology, new regulations, and overseas markets. Second, reinforcing ecosystems among environmental market agents through demand-linked joint R&D should be revitalized. Third, it is needed to strengthen more supporting policies rather than regulation. This article has the limitation of using the survey data. And further researches on the environmental sectoral system of innovation structure itself will be tried.