ISSN / EISSN : 19986041 / 1998605X
Current Publisher: LLC CPC Business Perspectives (10.21511)
Total articles ≅ 136
Latest articles in this journal
Environmental Economics, Volume 11, pp 65-66; doi:10.21511/ee.11(1).2020.06
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Environmental Economics, Volume 11, pp 54-64; doi:10.21511/ee.11(1).2020.05
Corporate social responsibility (CSR) reporting is of high importance for firms that wish to communicate their environmental and social actions to stakeholders and society at large. Of course, the credibility of CSR reporting affects considerably the market reaction to the information provided. Although research on environmental and social reporting is important, empirical evidence regarding the relevance of environmental and social disclosure to firms’ market values is scarce. This paper specifically analyzes the moderating role of external CSR assurance on the relationship between voluntary environmental and social reporting and firm market value. A content analysis index is then developed based on disclosure items specified in the Global Reporting Initiative guidelines. Using hand-collected data on a sample of French companies, the authors find that CSR assurance has a negative moderating effect on the relationship between high environmental and social reporting and firms’ market value, raising questions about the role of external assurance in assessing CSR reporting credibility. AcknowledgmentThe authors sincerely thank three anonymous reviewers of Environmental Economics for their insightful comments on a previous version of the paper.
Environmental Economics, Volume 11, pp 39-53; doi:10.21511/ee.11(1).2020.04
Environmental taxes and subsidies are considered by the economic theory as useful policy instruments to enhance environmental protection, improve the alignment of prices with full social costs, and encourage sustainable modes of consumption and production. In a policy-oriented perspective, the issue of reforming the financial system in an environmental perspective has attracted increasing attention to the international and European agenda in recent decades. Despite these premises, the actual implementation of environmental fiscal reforms (EFRs) has often lagged behind their full potential and premises. This paper analyzes environmental taxes and subsidies applied in Italy in the last decades to identify priorities, opportunities, and barriers to future developments. Data collected in the main national data sources and reports, as the recently established Catalogue of Environmentally Harmful Subsidies (EHSs) and environmentally friendly subsidies (EFSs), reveal how the implementation and design of taxes and subsidies have been, and still are, mainly driven by non-environmental objectives, leading to mixed and not completely satisfactory effects. In conclusion, relying on these results, some key elements – transparency, graduality, and predictability – may help to overcome the existing barriers to implement and achieve a broader and comprehensive EFR in Italy.
Environmental Economics, Volume 11, pp 30-38; doi:10.21511/ee.11(1).2020.03
The article examines the current issues of managing the effectiveness of eco-innovations and their impact on the “company-region-state” system using the example of waste management in Ukraine. The goal of the article is to justify the choice of an effective eco-innovation financing strategy, in which the most significant socio-economic effect is achieved for the investor. Systematization of literary sources and approaches to solving the problems of innovation management enables to determine an appropriate strategy to support resource-efficient activities in the region considering the economic efficiency of eco-innovations. The choice of mathematically sound management decisions in the system “company-region-state” should be made in respect with the consequences for the sustainable development of the region. The article presents the developed approach to calculating the sequence of investment in the management of eco-innovations using the example of solid waste management. The research methods are based on systematic approach, decision theory, and the Bellman dynamic equation. The system of innovations concerning solid waste management in the city of Sumy was profoundly studied. The research empirically confirms that the most effective strategy is to build a waste sorting station using a separate waste collection. The results of the study also substantiate that the implementation of solid waste separate collection in the city of Sumy currently requires a change in investment approach. AcknowledgmentThis research was prepared as a part of the scientific project “Modeling the Transfer of Eco-Innovations in the Enterprise-Region-State System: Impact on Ukraine’s Economic Growth and Security” (No. 0119U100364) and “Development of fundamental principles of reproduction mechanism of the social and economic development during the Third industrial revolution” (No. 0118U003578), which were financed by the state budget of Ukraine.
Environmental Economics, Volume 11, pp 14-29; doi:10.21511/ee.11(1).2020.02
The paper proposes a new approach for dealing with uncertainties in determining the level of sustainability at the national scale. Composite Sustainable Development Index (SDI) is a tool designed to assess comprehensively the progress made by 15 advanced economies and 15 emerging economies since 2004–2018 towards achieving sustainable development goals.The proposed composite index aims to measure and monitor a sustainable development at the national level, and to increase the understanding of sustainability.This method also sheds light on main problems of different economies at the current stage of their development: the methodology considers a set of indicators and arranged into four categories of sustainable development: economy, society, governance, and environment.The present study shows that during the analyzed period, advanced economies had a satisfactory level of sustainability, while the level of SDI of the emerging markets was lower. Also, the obtained results reveal that since the adoption of Paris Agreement under the UN Framework Convention on Climate Change in 2015 developed countries have been showing better performance.Moreover, the paper presents the research design of an optimization model for sustainable development with CO2 emissions consideration.
Environmental Economics, Volume 11, pp 1-13; doi:10.21511/ee.11(1).2020.01
The basis for sustainable and environmentally friendly development is gradually becoming aware of the importance of working more ethically and transparently and in a more humanistic way, as well as addressing the needs of people and society. In this case, the key challenge for higher education institutions (HEIs) is to train the conscious and responsible citizens who can take care of the country’s future. This article focuses on comparing the ability of HEIs in Poland and Ukraine to promote sustainable development (SD) by implementing the concept of social responsibility (SR). The research is based on the methods of statistical analysis, sociological survey, case study, abstract-logical, tabular and graphical method. The paper argues that HEIs have a wide range of tools to promote SD. These tools should be divided into three groups, namely: 1) including SD issues in educational programs; 2) developing knowledge and solutions for SD; 3) creation and participation in SR initiatives. The proposed mechanism of the impact of HEIs on SD through the implementation of the concept of SR will allow HEIs to take an active part in the life of the region and the country, namely: identify the needs, engage the stakeholders, facilitate the interaction, disseminate the effective practices, and develop SD strategies. The practical value of the obtained results is that the implementation of SR initiative by HEIs will promote the environmentally friendly development of the country and regions. As a result, it will increase the impact of HEIs on economic, technology and cultural development, human capital formation, solving social problems, building civil society, improving the environmental status.
Environmental Economics, Volume 10, pp 113-121; doi:10.21511/ee.10(1).2019.09
The article analyzes the need to transfer the environmental innovations effectively in the system “enterprise-region-state” and to establish the relevant innovative changes promotion channels for the country’s sustainable development. The authors study this problem in the context of priority directions of UNO Sustainable Development Strategy and Sustainable Development Strategy “Ukraine – 2020”. Its solution is a key factor of influence on Ukraine’s economic growth and security. The study is based on methods for defining the influence of national economy innovative activity on the choice of relevant ecological modernization state regulation channels for sustainable development. FCM analysis was used for the study. Six groups of instruments were defined and characterized depending on the influence on sustainable development subjects. The system of instruments was formed, and the approach towards making the managerial decisions in order to ensure Ukraine’s national economy sustainable development was proposed. Practical value of the obtained results is that the established relevant channels can ensure the fastest reaction of business environment to state regulatory impact, which is the main constituent of state administration and sustainable development processes regulation system.
Environmental Economics, Volume 10, pp 105-112; doi:10.21511/ee.10(1).2019.08
The activities of forestry enterprises suffer from ecological and economic conflicts of interest that are long- and short-term in nature. As a result, productive forest stands are depleted and forest ecosystem sustainability is reduced. Therefore, this article is aimed at justifying recommendations to evaluate and ensure forest resource security. The article also defines the essence of forest resource security as qualitative and quantitative characteristics of the forest fund that ensure the desired level of economic efficiency of the forestry subject to rational use of forest resources, maintaining the quality of the forest ecosystem and performing all other functions of the forest.Based on the functional and process approach, the methodology of forest-resource safety assessment has been developed, which considers main features of forestry activities and provides for the definition of an integral index of forest resource security as the sum of three groups of indices. The methodology was tested in the context of four forestry enterprises of Volyn and Rivne regions (Ukraine). The results reveal a high level of forest resource security. However, the study identified many problems and, on that basis, the proposals were made to improve forestry practical activities. The results obtained can be considered as the basis for developing environmental policy and taking current and strategic management decisions to ensure the sustainable development of forestry enterprises.
Environmental Economics, Volume 10, pp 93-104; doi:10.21511/ee.10(1).2019.07
The article is devoted to the issues of forming the institutional basis for “green growth” of the Ukrainian Nature Reserve Fund territories in the context of aligning the society’s social, environmental, and economic interests. The methodological approaches to forming the institutional basis for “green growth” of the Ukrainian Nature Reserve Fund territories in conditions of the need to transform the approaches regarding the interaction with small and medium-sized businesses were developed. The main focus is on the issues of studying the existing institutional risks, institutional “traps,” and ensuring the stakeholders’ functional interaction. The proposed scheme for managing and planning the spatial development of the Nature Reserve Fund territories is based on business planning, “micro-K modeling” method, strategic monitoring method. Based on the complex combination of ecosystemic and polyfunctional approaches, the typology of Nature Reserve Fund territories management functions and “green growth” indicators system was defined. The institutional framework was formed, which enables to ensure aligning the society’s social, environmental, and economic interests.
Environmental Economics, Volume 10, pp 79-92; doi:10.21511/ee.10(1).2019.06
The paper aims to highlight the status of the circular economy implementation in the EU and Ukraine, as well as to determine the advantages, challenges, opportunities and barriers to transition to circular supply chains. The main problems of waste management in Ukraine are explored, including faulty legislation, underinvestment, state policies and enlightenment regarding the circular economy, formal approach to the implementation of programs and strategies that should improve economic conditions, dominance of most waste-generative – extractive – industries in the economic structure of Ukraine. It is found out that the legislative framework for circular- and bio-economics in Ukraine does not meet the global challenges and requirements of the Association Agreement between Ukraine and the EU and needs urgent improvement measures. Studying the EU experience allowed describing the advantages and challenges of a circular economy that emerge in Ukraine. The article presents a mathematical model aimed at describing the peculiarities of a circular economy in the countries with low and high levels of industrial ecologization as well as understanding conditions for resource conservation during production processes. An econometrical model of the correlation between the solid waste generation, GDP and capital investment into environmental protection in Ukraine is used to demonstrate the absence of the latter’s influence on the waste generation at the current technological level of the national industries. The research results allow developing recommendations for state policy for the industrial sector and environmental protection that may be implemented at the current stage to achieve Sustainable Development Goals 2030.