Working Paper: CEPR ID: DP3557
Authors: Dietrich Earnhart; Lubomir Lizal
Abstract: This Paper analyses the effects of ownership structure on corporate environmental performance and examines the link from financial performance to environmental performance in a transition economy. In particular, it analyses these ownership effects and this performance link using an unbalanced panel of Czech firms for the years 1993 to 1998. It considers state ownership and various types of private ownership, while contrasting concentrated and diffuse forms of private ownership. Additionally, it examines whether or not successful financial performance begets or undermines good environmental performance.
Keywords: Czech Republic; Environmental Protection; Financial Status; Ownership; Pollution
JEL Codes: D21; D62; G39; Q25
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| private ownership (P14) | environmental performance (Q56) |
| concentrated ownership (G34) | environmental performance (Q56) |
| state ownership (H13) | emissions (Q52) |
| emissions (Q52) | financial performance (G32) |
| ownership structure (G32) | environmental performance (Q56) |
| financial performance (G32) | emissions (Q52) |
| financial performance (G32) | environmental performance (Q56) |