The Law and Corporate Environmental Responsibility: An Analysis of Pakistani Listed Oil Refineries

Clicks: 7
ID: 336499
2025
Free PDF
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This article has not been analysed, so there is no overall score — reader engagement is measured and shown alongside.
AI Quality Assessment
Not analyzed
Readership in this journal
Emerging

Ranked #319 of 953 articles by views in Pakistan Social Sciences Review

Most read Least read

Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 953 in total.

Mint this article as an NFT
Not yet minted

Create a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.

5 SUSD one-off · no wallet required
Sign in to mint
Abstract
This study investigates the extent, reasons for, and consequences of environmental laws, rules, and regulations on corporate environmental abuses. The study limits its scope to the oil refineries listed on the Pakistan Stock Exchange. In light of state regulations and accountability through litigation, the effectiveness of the law on corporate environmental responsibility is explored. Environment means Air, water, land, buildings, structures, roads, all social and economic conditions affecting community life etc. Its importance was recognized post industrialization, when the world became a global village. Where the globalization leads to the development, it also badly damages the environment. And now environmental protection has become a sensitive global issue. There are number of endogenous and exogenous factors that effects the environment Apart from these only the state regulations and the rule of law is considered in this study. To explain the relationship and significance of the law on corporate environmental responsibility, a regression analysis based on panel data is applied. The explanatory variables include the rule of law, state regulations, and corporate accountability through litigation. The results depict a contrary relationship. The rule of law is positively associated, whereas state regulations and accountability through litigation have an inverse relationship with corporate environmental responsibility. Litigation is found to be insignificant and shows a 53% deviation from the mean value. This indicates that the judicial system of Pakistan is not very effective; however, improvements in the rule of law can encourage oil companies to ensure their environmental responsibilities. There is a need of one law that deals with all the constituents of environment. The implementation of environmental regulations must be ensured by the state or government agencies, and the law should prevail and rules shall be applied irrelevant to the status and position of the wrongdoer.
Reference Key
imported_1793230833_6ae287f108be6 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Mian Tariq Javed
Are you one of these authors? Claim your profile
Journal Pakistan Social Sciences Review
Year 2025
DOI
10.35484/pssr.2025(9-II)17
URL
https://ojs.pssr.org.pk/journal/article/view/974
Keywords Keywords not found

Citations

No citations found. To add a citation, contact the admin at info@scimatic.org

Comments

No comments yet. Be the first to comment on this article.