The Reputational Penalties for Environmental Violations: Empirical Evidence*

By Jonathan M. Karpoff, John R. Lott, Jr., Eric W. Wehrly. Journal law and economy, 2005

668 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Nature and Landscape Conservation, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/21b8d88318139c9566178267e2aff2f0690cc133

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Citations in the corpus

Climate Regulatory Risks and Corporate Bonds (2020, neutral): “Of course, these plans would be expected to include a regulatory (17)Although Karpoff et al. (2005) conclude there are no reputational losses for EPA violations in their sample period, investors, including institutional investors, have become much more concerned about firms’ environmental activities”
Corporate Socially Responsible Investments: CEO Altruism, Reputation, and Shareholder Interests (2014, neutral): “Relatedly, recent work by Hutton et al. (2010) finds that a manager's political orientation can have important influences on his or her decision-making.”
The Cost to Firms of Cooking the Books (2008, neutral): “…(Peltzman (1981)), product recalls (Jarrell and Peltzman (1985)), air safety disasters (Mitchell and Maloney (1989)), frauds of private parties (Karpoff and Lott (1993), Alexander (1999), and Murphy, Shrieves, and Tibbs (2009)), investigations of IPO underwriters (Beatty, Bunsis, and Hand…”
How do investors respond to Green Company Awards in China (2013, methodology): “event studies, as applied by Hamilton (1995), Khanna et al. (1998), Dasgupta et al.”
Signaler Credibility, Signal Susceptibility, and Relative Reliance on Signals: How Stakeholders Change their Evaluative Processes After Violation of Expectations and Rehabilitative Efforts (2017, background): “, 2008a), and lead to loweredmarket value (Davidson& Worrell, 1988, 1992; Karpoff et al., 2005).”
Corporate Fraud and the Value of Reputations in the Product Market (2014, positive): “For instance, Karpoff et al. (2005) state that “over 90% of the penalties imposed on firms committing frauds reflect lost reputation.””
Carbon risk and corporate capital structure (2020, neutral): “Heavy emitters are more likely to face environmental challenges such as climate change, which may have negative financial effects in the form of carbon-related management and accounting costs, clean-up costs, compliance and litigation costs, or reputation damage (Barth & McNichols 1994; Clarkson et ”