Environmental protection expenditures and EU ETS: Evidence from Romania

被引：8

作者：

Purcel, Alexandra-Anca ^{[1
,2
]}

机构：

[1] Babes Bolyai Univ, Fac Econ & Business Adm, Dept Stat Forecasts Math, 58-60 Teodor Mihali Str, Cluj Napoca 400591, Romania

[2] Babes Bolyai Univ, Interdisciplinary Ctr Data Sci, 68 Avram Iancu Str,4th Floor, Cluj Napoca 400083, Romania

来源：

FINANCE RESEARCH LETTERS | 2023年 / 58卷

关键词：

Environmental expenditures and investments; EU ETS; Firms; Climate policy; Panel analysis; POLLUTION-ABATEMENT EXPENDITURE; PORTER HYPOTHESIS; INNOVATION; IMPACT; OWNERSHIP; PLANTS; FIRMS;

D O I：

10.1016/j.frl.2023.104418

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the impact of the European Union Emissions Trading System (EU ETS) on environmental protection expenditures over 2014-2015 for a representative sample of firms, which activate on Romanian territory. First, the findings reveal that EU ETS positively impacts current expenditures, namely, the short-time behavior of firms. Second, the results based on the in-vestments selection model show that EU ETS has no statistically significant effect on the likelihood to invest, and the amount invested (i.e., long-term behavior). Overall, these results suggest that the EU ETS is a viable instrument, acting as a pivotal incentive for firms to undertake environmental expenditures.

引用

页数：12

共 36 条

[1] What is driving the pollution abatement expenditure behavior of manufacturing plants in Korea? [J].