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Green Clubs and Voluntary Governance: ISO 14001 and Firms' Regulatory Compliance. Revised version

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dc.contributor.author Potoski, Matthew
dc.contributor.author Prakash, Aseem
dc.date.accessioned 2010-03-19T17:15:21Z
dc.date.available 2010-03-19T17:15:21Z
dc.date.issued 2003 en_US
dc.identifier.uri https://hdl.handle.net/10535/5641
dc.description.abstract "Voluntary programs have become widespread tools for governments and non-governmental actors looking to shape industry behavior. Voluntary programs can be conceptualized as club goods that provide non-rival but potentially excludable benefits to members. For firms, the value of joining an effective green club over taking the same actions unilaterally is to appropriate the club's positive reputation with stakeholders. Our analysis of about 3,800 US facilities indicates that joining ISO 14001, an important non-governmental voluntary program, improves facilities' compliance with government regulations. We conjecture that ISO 14001 's efficacy stems from its relatively open membership standards and its focus on management systems that provide participants with private benefits while addressing the root causes of regulatory non-compliance. Many government sponsored voluntary programs may be designed to fail because their rigid standards exclude all but highly compliant firms and their focus on performance standards ignores key causes of regulatory non-compliance." en_US
dc.language English en_US
dc.subject industry en_US
dc.subject regulation en_US
dc.subject compliance en_US
dc.subject firm en_US
dc.subject business and finance en_US
dc.title Green Clubs and Voluntary Governance: ISO 14001 and Firms' Regulatory Compliance. Revised version en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.type.methodology Case Study en_US
dc.subject.sector Theory en_US
dc.identifier.citationconference Midwest Political Science Association en_US
dc.identifier.citationconfdates April 3-6 en_US
dc.identifier.citationconfloc Chicago, IL en_US


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