search query: @author Hart, S. / total: 13
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| Author: | Dowell, G. Hart, S. Yeung, B. |
| Title: | Do corporate global environmental standards create or destroy market value? |
| Journal: | Management Science
2000 : AUG, VOL. 46:8, p. 1059-1074 |
| Index terms: | COMPANY VALUE DEVELOPING COUNTRIES ENVIRONMENTAL POLICY GLOBAL MODELS MULTINATIONAL COMPANIES |
| Language: | eng |
| Abstract: | Arguments can be made on both sides of the question of whether a stringent global corporate environmental standard represents a competitive asset or liability for multinational enterprises (MNEs) investing in emerging and developing markets. Analyzing the global environmental standards of a sample of U.S.-based MNEs in relation to their stock market performance, the authors find that firms adopting a single stringent global environmental standard have much higher market values, as measured by Tobin's q, than firms defaulting to less stringent, or poorly enforced host country standards. |
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