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Title: Environmental consciousness, reputation and voluntary environmental investment
Authors: Liu, C.-Y.;Wu, Chi-Hsin
Contributors: 經濟學系
Date: 2009
Issue Date: 2015-10-19 14:55:36 (UTC+8)
Abstract: This note attempts to explore the driving force behind firms' voluntary environmental investment and to provide an alternative viewpoint to the traditional notion of environmental investment. We show that, if consumers are environmentally conscious, then firms' environmental investment will enhance their environmentally-based reputation and effectively stimulate consumer demand for the product. Thus, some firms will voluntarily engage in environmental investment. In addition, it is also found that when consumers become more environmentally conscious, in the steady state a high level of environmental investment may be associated with higher output. This result potentially provides an explanation as to why environmental quality may increase with output. © 2009 University of Adelaide and Flinders University and Blackwell Publishing Asia Pty Ltd.
Relation: Australian Economic Papers,48(2),124-137
Data Type: article
DOI 連結:
Appears in Collections:[經濟學系] 期刊論文

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