RRBM Honor Roll

The RRBM Honor Roll publications have been selected as examples of research that is both rigorous and relevant. The listing below offers credible insights for society.

These publications have been selected for the RRBM Honor Roll by the Selection Board with the exception of 2019 articles selected by a pre-test review panel.


Nature of the publicationJournal article
Title of the publicationMNE Responses to Carbon Pricing Regulations: Theory and Evidence
Journal name/Book publisherJournal of International Business Studies

This paper develops theory suggesting that, relative to purely domestic firms, multinational enterprises (MNE) have greater incentives and strategic and
operational means to respond to expanding carbon emissions constraints. We test our resulting hypotheses with data on changes in carbon emissions by over 6,000 industrial plants during Phase 2 (2008–2012) of the European Union’s Emissions Trading Scheme. We find that MNEs maintain: (1) consistent carbon reductions across institutional contexts, and (2) an overall carbon performance edge over domestic firms. The carbon performance gap between MNEs and domestic firms narrowed, however, in host countries transitioning towards more stringent market regulatory systems. By demonstrating that the effects of national and international carbon regulations on firm behavior interact in important ways with each other and with firm characteristics, this paper
deepens understanding of how institutions are likely to shape the ongoing energy transition towards a low-carbon economy.

Author #1Michael C. Nippa
Affiliation Author #1Faculty of Economics and Management, Free University of Bozen – Bolzano
Author #2Sanjay Patnaik
Affiliation Author #2Bernard L. Schwartz Chair in Economic Policy Development, the director of the Center on Regulation and Markets (CRM) and a fellow in Economic Studies at the Brookings Institution
Author #3Markus Taussig
Affiliation Author #3Department of Management and Global Business, Rutgers Business School