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In Asia, private sector has been the engine of much of recent economic growth, while its regional growth has kept the entire world growing. However, this expansion also came with a cost of environmental sustainability　that starts shaking the development process itself. Increasing awareness and growing public concerns about the negative...

Focusing on 278 listed corporations in Japan, the present study tests the hypothesis that robust environmental conservation activities have a positive effect on their financial performance. It also examines the role played by the environmental policies introduced and strengthened by the government since the end of the 1990s. By a statistical...