Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry

Lise Tole, Gary Koop

Research output: Working paperDiscussion paper

Abstract

This paper uses data on the world’s copper mining industry to measure the impact on efficiency of the adoption of the ISO 14001 environmental standard. Anecdotal and case study literature suggests that firms are motivated to adopt this standard so as to achieve greater efficiency through changes in operating procedures and processes. Using plant level panel data from 1992- 2007 on most of the world’s industrial copper mines, the study uses stochastic frontier methods to investigate the effects of ISO adoption. The variety of models used in this study find that adoption either tends to improve efficiency or has no impact on efficiency, but no evidence is found that ISO adoption decreases efficiency.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-28
Number of pages29
Volume11
Publication statusPublished - 2011

Fingerprint

Environmental standards
Empirical study
Copper
Mining industry
Panel data
Stochastic frontier

Keywords

  • ISO 14001 environmental standard
  • firm performance
  • stochastic frontier cost function
  • copper mining industry

Cite this

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title = "Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard: An Empirical Study of the Global Copper Mining Industry",
abstract = "This paper uses data on the world’s copper mining industry to measure the impact on efficiency of the adoption of the ISO 14001 environmental standard. Anecdotal and case study literature suggests that firms are motivated to adopt this standard so as to achieve greater efficiency through changes in operating procedures and processes. Using plant level panel data from 1992- 2007 on most of the world’s industrial copper mines, the study uses stochastic frontier methods to investigate the effects of ISO adoption. The variety of models used in this study find that adoption either tends to improve efficiency or has no impact on efficiency, but no evidence is found that ISO adoption decreases efficiency.",
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Estimating the Impact on Efficiency of the Adoption of a Voluntary Environmental Standard : An Empirical Study of the Global Copper Mining Industry. / Tole, Lise; Koop, Gary.

36. ed. Glasgow : University of Strathclyde, 2011. p. 1-28.

Research output: Working paperDiscussion paper

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