Hazardous waste lawsuits, stockholder returns, and deterrence
Journal Article
·
· Southern Economic Journal; (USA)
- Pittsburgh State Univ., KS (USA)
- LaSalle Univ., Philadelphia, PA (USA)
- Louisiana State Univ., Baton Rouge (USA)
For the RCRA and Superfund Acts, the publicly announced desired effects are the protection of the public and natural resources from, and ultimate cleanup of, hazardous waste materials. If the regulations are working, firms are being deterred from illegal disposal of wastes. If not, the regulations are providing only illusions of improved safety, while the public actually faces a never ending process of site discovery and cleanup. While not addressed in previous empirical literature, the deterrent effects of the RCRA and Superfund Acts are the focus of this paper. The deterrent effects of the RCRA and Superfund Acts stem from the potential for suits against responsible parties seeking an end to violations, site cleanup, and reimbursement for expenditures and damages. This paper measures the impact of hazardous waste mismanagement lawsuits on stockholder returns. Specifically, the standard event-study method is used to directly measure the abnormal losses suffered by stockholders associated with lawsuit filings and settlements between 1977 and 1986.
- OSTI ID:
- 5887477
- Journal Information:
- Southern Economic Journal; (USA), Journal Name: Southern Economic Journal; (USA) Vol. 57:2; ISSN 0038-4038; ISSN SECJA
- Country of Publication:
- United States
- Language:
- English
Similar Records
Economic impact of hazardous-wastes mismanagement lawsuits on stockholders' returns: a capital market approach
Annual committee reports on significant legislative, judicial, and administrative developments in 1981: Solid and Hazardous-Waste Committee
H. R. 3418: a Bill to amend the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to improve the participation of potentially responsible parties in the clean-up of abandoned hazardous waste sites. Introduced in the House of Representatives, Ninety-Ninth Congress, First Session, September 23, 1985
Thesis/Dissertation
·
Wed Dec 31 23:00:00 EST 1986
·
OSTI ID:7226166
Annual committee reports on significant legislative, judicial, and administrative developments in 1981: Solid and Hazardous-Waste Committee
Journal Article
·
Thu Dec 31 23:00:00 EST 1981
· Nat. Resour. Lawyer; (United States)
·
OSTI ID:6545970
H. R. 3418: a Bill to amend the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to improve the participation of potentially responsible parties in the clean-up of abandoned hazardous waste sites. Introduced in the House of Representatives, Ninety-Ninth Congress, First Session, September 23, 1985
Book
·
Mon Dec 31 23:00:00 EST 1984
·
OSTI ID:6473974
Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
ECONOMIC IMPACT
ENVIRONMENTAL POLICY
GOVERNMENT POLICIES
HAZARDOUS MATERIALS
LAWS
LAWSUITS
MANAGEMENT
MATERIALS
POLLUTION LAWS
POLLUTION REGULATIONS
REGULATIONS
RESOURCE RECOVERY ACTS
SUPERFUND
WASTE DISPOSAL
WASTE MANAGEMENT
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
ECONOMIC IMPACT
ENVIRONMENTAL POLICY
GOVERNMENT POLICIES
HAZARDOUS MATERIALS
LAWS
LAWSUITS
MANAGEMENT
MATERIALS
POLLUTION LAWS
POLLUTION REGULATIONS
REGULATIONS
RESOURCE RECOVERY ACTS
SUPERFUND
WASTE DISPOSAL
WASTE MANAGEMENT