20.500.12556/RUL-168032 Drivers of environmental regulation costs and their perception by firms evidence from Slovenia This study explores the driving forces behind environmental regulation costs and the factors influencing managers’ perceptions of these costs. Drawing from a literature review, a theoretical model was constructed to identify factors influencing the size of environmental regulation costs and firms’ perceptions thereof. The study uses data from a survey of 198 Slovenian firms subject to environmental regulations. Structural equation modeling (SEM) was applied to test and estimate the causal relationships among the identified factors. The results reveal that environmental regulatory obligations and firm size are the most dominant factors affecting the costs of environmental regulation. Regulatory complexity has the greatest impact on firms’ cost perceptions, followed by firm size, institutional quality, and actual costs of environmental regulation, with the latter having a surprisingly weak impact on perceptions. Following managerial cognition theory, the study recommends simplifying regulations while integrating financial and non-financial measures and environmental awareness into regulatory frameworks and corporate strategies to encourage a more proactive environmental performance. This approach aims to enhance firms’ management of environmental regulation costs and perceptions, offering a comprehensive framework for understanding their multifaceted nature. environmental regulatory costs environmental regulation Slovenian firms institutional theory resource-based view stroški okoljskih predpisov okoljska regulativa energijski prehod institucionalna teorija na virih temelječ pogled true false true Angleški jezik Slovenski jezik Članek v reviji 2025-03-26 09:36:43 2025-03-26 09:36:47 2025-03-27 03:56:19 0000-00-00 00:00:00 2025 0 0 10 str. art. 145274 Vol. 501 10 Apr. 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 504.05:658.14/.17:005.96(497.4) 1879-1786 10.1016/j.jclepro.2025.145274 229957891 1-s2.0-S0959652625006249-main.pdf 1-s2.0-S0959652625006249-main.pdf 1 56145A0F043EB16DC6F4E978EAD13AB1 215d240b99d23e80e837e1b47a896cf0b34fff1380fe79238fa14a051ddddb17 dabc5fd3-0a1c-11f0-b232-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=201015 https://www.sciencedirect.com/science/article/pii/S0959652625006249 1 6c5519f5-0a1c-11f0-b232-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=201014 Fakulteta za upravo 0 0 0