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Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well-designed regulation could actually enhance competitiveness. The traditional view of...
Persistent link: https://www.econbiz.de/10013068650
Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well designed regulation could actually enhance competitiveness. The traditional view of...
Persistent link: https://www.econbiz.de/10014044692
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, namely from the viewpoint of the induced innovation theory – authored by J.R. Hicks in 1932, later developed and presented in …
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are induced by regulations. However, innovation that increases a firm's material or energy efficiency in terms of material … voluntary innovations, although the effect is significantly larger for regulation-driven innovation. We conclude that the Porter … hypothesis does not hold in general for its strong version but has to be qualified by the type of environmental innovation. Our …
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