Timing and intensity effects of environmental investments
Article Abstract:
A study was conducted to investigate the investment timing and intensity conditions under which financial benefits may be enjoyed by a firm investing in pollution-minimizing manufacturing technologies that generate salable product while reducing pollution. The study gathered data from 50 manufacturers of chemical bleached paper pulp in eight countries to examine the relationship between investment timing, intensity and the interaction of timing and intensity, and growth in the profits. Results showed that pioneering investors in pollution-reducing processing equipment benefit from higher profit growth than later investors. Mixed findings were found for intensity of investment in pollution-reducing capabilities and for the interaction between timing and intensity. Environmental regulations did not have a significant impact.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1996
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Environmental regulation, capital intensity, and cross-sectional variation in market returns
Article Abstract:
The relevance of capital intensity with regard to variations in market returns to chemical industry firms after the Bhopal, India chemical leak.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2000
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Environmental contingencies and sustainable modes of corporate governance
Article Abstract:
Corporate governance systems are examined in the context of environmental contingencies.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2000
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