Main Title |
The reputational penalties for environmental violations / |
Author |
Karpoff, Jonathan M.,
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Other Authors |
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Publisher |
[Social Science Research Network], |
Year Published |
2005 |
OCLC Number |
62118156 |
Subjects |
Liability for environmental damages--United States ;
Fines (Penalties)--United States ;
Civil penalties--United States ;
Offenses against the environment--United States
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Internet Access |
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Holdings |
Library |
Call Number |
Additional Info |
Location |
Last Modified |
Checkout Status |
EJBM |
KF1298.K37 2005 |
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Headquarters Library/Washington,DC |
10/21/2005 |
|
Collation |
33 pages ; 28 cm |
Notes |
Forthcoming in the Journal of Law and Economics. "This paper examines the sizes of the fines, damage awards, remediation costs, and market value losses imposed on companies that violate environmental regulations. Firms violating environmental laws suffer statistically significant losses in the market value of firm equity. The losses, however, are of similar magnitudes to the legal penalties imposed; and in the cross section the market value loss is related to the size of the legal penalty. Thus, environmental violations are disciplined largely through legal and regulatory penalties, not through reputational penalties."--Abstract. |
Place Published |
{Seattle, WA : |
Access Notes |
Also available on the Internet. Viewed: 10/20/2005. |
PUB Date Free Form |
2005} |
BIB Level |
m |
Cataloging Source |
OCLC/T |
OCLC Time Stamp |
20051020090701 |
Language |
eng |
Origin |
OCLC |
Type |
CAT |
OCLC Rec Leader |
01667nam 2200289Ka 45020 |