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Regional environmental and energy policies: are they effective for the sustainable transition of listed companies?

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  • Donatella Baiardi
  • Maria Gaia Soana

Abstract

We test the effectiveness of environmental and energy policies, complying with legal requirements and followed voluntarily, on endeavours towards green and energy transitions. With this aim, a sample of Italian listed firms in the period 2008–19 is investigated. The empirical framework is developed by means of a propensity score matching analysis with multiple treatments, implemented in both a panel data and cross-sectional contexts. Our results show that regional interventions operate as a push/pull mechanism in driving companies to be more environmentally friendly. This is important for identification of policy-driven changes which make some regions more successful than others in sustainability transition.

Suggested Citation

  • Donatella Baiardi & Maria Gaia Soana, 2023. "Regional environmental and energy policies: are they effective for the sustainable transition of listed companies?," Regional Studies, Taylor & Francis Journals, vol. 57(5), pages 961-975, May.
    • Handle: RePEc:taf:regstd:v:57:y:2023:i:5:p:961-975
    DOI: 10.1080/00343404.2022.2147918
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