TIMING AND INTENSITY EFFECTS OF ENVIRONMENTAL INVESTMENTS

TIMING AND INTENSITY EFFECTS OF ENVIRONMENTAL INVESTMENTS 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Management Journal Wiley

TIMING AND INTENSITY EFFECTS OF ENVIRONMENTAL INVESTMENTS

Strategic Management Journal, Volume 17 (7) – Jul 1, 1996

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Publisher
Wiley
Copyright
Copyright © 1996 John Wiley & Sons, Ltd.
ISSN
0143-2095
eISSN
1097-0266
DOI
10.1002/(SICI)1097-0266(199607)17:7<535::AID-SMJ825>3.0.CO;2-9
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

Strategic Management JournalWiley

Published: Jul 1, 1996

References

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