Ilaria Solito, post doc at RITM, has participated to the 32nd Annual Conference of the European Association of Law and Economics (EALE) hold on September 17-19, 2015 at the University of Vienna. She presented the paper “Does Eco Management and Audit Scheme (EMAS) improve the environmental compliance?”, co-written with Grazia Cecere and Nicoletta Corrocher.
Abstract: The paper examines the environmental compliance behavior of 1048 firms and aims at providing new evidence on the effect of the Eco Management and Audit Scheme (EMAS) certification on the environmental compliance of certified firms. The results show that EMAS firms exhibit a higher infraction rate with respect to firms belonging to the control group. This may be due to the higher inspection rate faced by EMAS certified firms with respect to non-certified firms, since they are subject to environmental authorities’ inspections plus EMAS Committee inspections, but they do not have extra incentives to comply or to disclose infractions before institutional discover.