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Does ISO14001 raise firms' awareness of environmental protection? The case of Vietnam

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  • Ni, Bin
  • Tamechika, Hanae
  • Otsuki, Tsunehiro
  • Honda, Keiichiro

Abstract

Environmental protection is an issue that all developing countries must cope with when inviting foreign direct investment (FDI). However, the high correlation between FDI and pollution does not necessarily indicate that foreign firms are to blame. In this study, we apply firm-level panel data from Vietnam and unique information on waste discharge to demonstrate that foreign firms are actually more proactive in acquiring ISO14001 certification. ISO14001 is a voluntary environmental standard, the adoption of which improves a firm's performance in terms of waste control, and increases its welfare and productivity level. This study provides robust evidence that firms' efforts toward corporate social responsibility eventually benefit them as well.

Suggested Citation

  • Ni, Bin & Tamechika, Hanae & Otsuki, Tsunehiro & Honda, Keiichiro, 2019. "Does ISO14001 raise firms' awareness of environmental protection? The case of Vietnam," Environment and Development Economics, Cambridge University Press, vol. 24(1), pages 47-66, February.
    • Handle: RePEc:cup:endeec:v:24:y:2019:i:01:p:47-66_00
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    Cited by:

    1. João Bento, 0000. "The moderating effects of FDI on the relationship between democratic institutions and CO2 emissions," Proceedings of Economics and Finance Conferences 14115811, International Institute of Social and Economic Sciences.
    2. , Aisdl, 2020. "Corporate social responsibility and firm financial performance: A literature review," OSF Preprints aymk7, Center for Open Science.
    3. Mattia Ubaldo & Steven McGuire & Vikrant Shirodkar, 2022. "Voluntary programs and emissions revisited: What is the effect of EU trade agreements with environmental provisions?," Journal of International Business Policy, Palgrave Macmillan, vol. 5(4), pages 467-489, December.
    4. Nguyen Phong Nguyen & Samuel Adomako, 2022. "International orientation and environmental performance in Vietnamese exporting small‐ and medium‐sized enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2424-2436, July.
    5. , Aisdl, 2020. "Tổng quan lý thuyết về trách nhiệm xã hội và hiệu quả tài chính của doanh nghiệp," OSF Preprints y5xke, Center for Open Science.

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