This paper examines the investment timing and intensity conditions under which advantages may exist for first movers in environmental investments. The potential advantages on which the paper focuses are timing and intensity of investments in recent pollution‐reducing manufacturing technologies that produce salable product at the same time that they reduce pollution. The data come from 50 chemical bleached paper pulp manufacturers in eight countries. The model measures the impact of the independent variables on growth in profits from the mid‐1980s to the early 1990s, controlling for national differences in environmental regulations, among other variables. Results indicate a positive relationship between timing of investments and profit growth. There is also evidence that more intense investment patterns, when not tempered by sufficient time to absorb the investments, may lead to lower profit growth.
Strategic Management Journal – Wiley
Published: Jul 1, 1996
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera