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  • 标题:THE PUBLIC POLICY EFFECTS ON THE FIRM'S ENVIRONMENTAL PERFORMANCE IN ACCORDANCE WITH U.E. REGULATIONS
  • 本地全文:下载
  • 作者:Robert SOVA ; Anamaria SOVA
  • 期刊名称:Constantin Brancusi University's Annals, Letters and Social Sciences Serie
  • 印刷版ISSN:1844-6051
  • 出版年度:2007
  • 期号:2
  • 出版社:Academica Brancusi Publisher
  • 摘要:Romania, like other countries of Central and Eastern Europe, has made efforts of approximating its environmental legislation with the European Union. Thus it is probable that substantial and even fundamental changes will be required at the plant level as a result of this process. The compliance cost require that firms make efforts to adjust themselves to the norms and rules set in the regulation and so goes toward improving the environmental performance. These efforts are concretised in a two directions a capital expenditure and operating costs both associated with pollution abatement efforts. If the benefits of pollution control, that is, the damages avoided, are lower than the respective private control costs, polluters will lack incentives to undertake it. So pollution control is a typical case of governmental intervention to correct a market failure.
  • 关键词:Pollution Abatement Expenditure; Manufacturing; Environmental Regulation
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