Benefits of compliance with local environmental regulations: MNC perspectives

Abstract

The current study seeks to assess the perceived benefits of compliance with environmental regulations by multinational corporations (MNCs) operating in Vietnam. Scott's (2001) principle of ?three pillars of institutions{norm of matrix} is used to synthesize literature on compliance into a conceptual framework of the benefits of compliance with environmental laws and regulations. The study was based on face-to-face interviews with environmental managers of MNCs operating in Vietnam. The mean importance rating, t-test of the mean and factor analysis were used to test the validity of the benefits identified in the literature. It was found that firms had derived benefits from environmental compliance which were driven by cost-benefit calculations, moral values and social pressures. © 2009 Nova Science Publishers, Inc. All rights reserved.