Munich Personal RePEc Archive

Profitable and desirable corporate environmentalism in a delegation contract under incentive subsidy on abatement technologies

Lee, Sang-Ho and Park, Chul-Hi (2017): Profitable and desirable corporate environmentalism in a delegation contract under incentive subsidy on abatement technologies.

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Abstract

This study investigates corporate environmentalism in a managerial delegation contract and shows that a well-designed subsidy scheme can enhance business profitability and thus, an environmental policy could lead to both social and private benefits. This analysis allows us to better understand the Porter’s concept of environmental policy and firm’s profitability.

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