The Voluntary Environmentalists : Green Clubs, ISO 14001, and Voluntary Environmental Regulations

Can businesses voluntarily adopt progressive environmental policies? Most environmental regulations are based on the assumption that the pursuit of profit leads firms to pollute the environment, and therefore governments must impose mandatory regulations. However, new instruments such as voluntary programs are increasingly important. Drawing on the economic theory of club goods, this book offers a theoretical account of voluntary environmental programs by identifying the institutional features that influence conditions under which programs can be effective. By linking program efficacy to club design, it focuses attention on collective action challenges faced by green clubs. Several analytic techniques are used to investigate the adoption and efficacy of ISO 14001, the most widely recognized voluntary environmental program in the world. These analyses show that, while the value of ISO 14001's brand reputation varies across policy and economic contexts, on average ISO 14001 members pollute less and comply better with governmental regulations. Drawing On The Economic Theory Of Club Goods, This Text Offers A Theoretical Account Of Voluntary Environmental Programmes By Identifying The Institutional Features That Influence Conditions Under Which Programmes Can Be Effective. Introduction -- Green Clubs : An Institutionalist Perspective -- Iso 14001 And Voluntary Programs -- Adopting Iso 14001 -- Iso 14001 And Firms' Environmental And Regulatory Performance -- Conclusions And Future Directions. Aseem Prakash And Matthew Potoski. Includes Bibliographical References (p. 189-204) And Indexes. Introduction Green clubs ; an institutionalist perspective ISO 14001 and voluntary programs Adopting ISO 14001 ISO 14001 and firms ; environmental and regulatory Performance Conclusions and policy implications References.

a Novel Theoretical Framework To Analyse The Effectiveness Of Voluntary Environmental Programs, Including Iso 14001.