Conference Programme
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available). Note that the schedule is subject to changes.
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Daily Overview |
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Parallel Session 09: Public Policies & Decarbonization Location: Seminar Room 6 (Level 2) Session Chair: Caroline Flammer, Columbia University | |
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Public Policy and Private-Sector Prosocial Efforts: The Case of Greenhouse Gas Emissions Peking University HSBC Business School, China, People's Republic of Do public policies necessarily foster private-sector prosocial behaviour? Using the adoption of greenhouse gas emissions reduction targets across nine U.S. states as an empirical setting, I find that firms in adopting states exhibit weaker voluntary motives to reduce emissions, as reflected in fewer emissions-related shareholder proposals and lower voting support. Despite policy incentives, these firms do not achieve greater emissions reductions relative to their peers. The policy is least effective for firms with stronger pre-policy voluntary motives, consistent with a crowding-out mechanism. Overall, the findings suggest that when public policy crowds out private-sector voluntary motives, it may undermine policy effectiveness. | |