Abstract
Unlike the relatively static form of regulation that is associated with government controls, voluntary certification, including environmental certification, is based on market mechanisms promoting the development of free and fair competition. Voluntary environmental certification and the use of eco-labels demonstrate the degree of a participating producers’ responsibility regarding the environmental safety of their products and production processes. This invites an improvement in consumer confidence and potentially leads to increased domestic and foreign sales.
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- 1.
An Open joint-stock company, abbreviated to OJSC, is a type of company in many post-Soviet states, in particular in Russia and Ukraine. Its distinguishing feature is the right of stockholders to trade in stocks without the permission of other stockholders.
- 2.
The Snow Maiden, a character in Russian fairy tales.
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Palekhova, L., Pivnyak, G. (2014). Exploring Market Strategies Based on Voluntary Environmental Certification in a Post-Soviet Transition Economy. In: Schmitz-Hoffmann, C., Schmidt, M., Hansmann, B., Palekhov, D. (eds) Voluntary Standard Systems. Natural Resource Management in Transition, vol 1. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-35716-9_11
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DOI: https://doi.org/10.1007/978-3-642-35716-9_11
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