The carbon dioxide emissions of firms: A spatial analysis

Matthew A. Cole, Robert J.R. Elliott, Toshihiro Okubo, Ying Zhou

Research output: Contribution to journalArticle

46 Citations (Scopus)

Abstract

In order to gain a greater understanding of firms' 'environmental behaviour' this paper explores the factors that influence firms' emissions intensities and provides the first analysis of the determinants of firm level carbon dioxide (CO2) emissions. Focussing on Japan, the paper also examines whether firms' CO2 emissions are influenced by the emissions of neighbouring firms and other possible sources of spatial correlation. Results suggest that size, the capital-labour ratio, R&D expenditure, the extent of exports and concern for public profile are the key determinants of CO2 emissions. Local lobbying pressure, as captured by regional community characteristics, does not appear to play a role, however emissions are found to be spatially correlated. This raises implications for the manner in which the environmental performance of firms is modelled in future.

Original languageEnglish
Pages (from-to)290-309
Number of pages20
JournalJournal of Environmental Economics and Management
Volume65
Issue number2
DOIs
Publication statusPublished - 2013 Mar 1

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Keywords

  • Carbon dioxide
  • Firms
  • Formal and informal regulations
  • Japan
  • Spatial

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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