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| Author: | Dasgupta, S. Laplante, B. |
| Title: | Pollution and capital markets in developing countries |
| Journal: | Journal of Environmental Economics and Management
2001 : NOV, VOL. 42:3, p. 310-335 |
| Index terms: | Pollution Capital markets Developing countries |
| Language: | eng |
| Abstract: | The authors show that capital markets in Argentina, Chile, Mexico, and the Philippines react to announcements of environmental events, such as those of superior environmental performance or citizens' complaints. A policy implication is that environmental regulators in developing countries may explicitly harness those market forces by introducing structured programs of information release pertaining to firms' environmental performance: public disclosure mechanisms in developing countries may be useful model to consider given limited government resources. |
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