Environmental information provisions and response of the market: Empirical analysis of PRTRs in Japan

Akira Hibiki, Shunsuke Managi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

To explore how information gives firms an incentive to improve environmental performance, we test: (1) whether the financial market values the disclosure of information about the release and transfer of toxic chemical substances; (2) whether market valuation affects an incentive of the firms to reduce their risk and (3) whether the firms with higher releases and transfers have an incentive to reduce their risk even without the market valuation. We find that the Japanese financial market does not value the risk but that, even without market valuation, the firms have an incentive to reduce it.

Original languageEnglish
Title of host publication2006 1st International Symposium on Environment Identities and Mediterranean Area, ISEIM
Pages345-350
Number of pages6
DOIs
Publication statusPublished - 2006 Dec 1
Externally publishedYes
Event2006 1st International Symposium on Environment Identities and Mediterranean Area, ISEIM - Corte-Ajaccio, France
Duration: 2006 Jul 92006 Jul 12

Publication series

Name2006 1st International Symposium on Environment Identities and Mediterranean Area, ISEIM

Other

Other2006 1st International Symposium on Environment Identities and Mediterranean Area, ISEIM
CountryFrance
CityCorte-Ajaccio
Period06/7/906/7/12

ASJC Scopus subject areas

  • Environmental Science(all)
  • Environmental Engineering
  • Geography, Planning and Development
  • Demography

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