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Environmental regulations and market competitiveness: some empirical evidence from electric utilities

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dc.contributor.authorRaneses, Anthony Riveraen
dc.contributor.committeechairWentzler, Nancy A.en
dc.contributor.committeememberPorter, William R.en
dc.contributor.committeememberReid, Brian K.en
dc.contributor.departmentEconomicsen
dc.date.accessioned2014-03-14T21:49:00Zen
dc.date.adate2008-11-07en
dc.date.available2014-03-14T21:49:00Zen
dc.date.issued1996-12-25en
dc.date.rdate2008-11-07en
dc.date.sdate2008-11-07en
dc.description.abstractThere has been a recurring debate on whether or not environmental regulations indirectly affect a firm's cost structure by motivating it to engage in technological innovation. Accordingly, innovation would eventually play a key role in a firm's market competitiveness or profitability. The Porter hypothesis therefore presents an interesting paradigm that through regulatory impetus, firms can be motivated to pursue innovation and strengthen it's market performance. However, opponents of the Porter hypothesis argue that increasing the stringency of regulations does not necessarily equate to greater profitability. This paper tests the Porter hypothesis by using an augmented version of Repetto's model. The empirical results show that while the sign of the correlation coefficients tend to validate those of the Porter hypothesis, the association between environmental and economic performance is either subject to a spurious correlation problem when they are significant or is insignificant even when the effects of extraneous variables are netted out.en
dc.description.degreeMaster of Artsen
dc.format.extentvi, 64 leavesen
dc.format.mediumBTDen
dc.format.mimetypeapplication/pdfen
dc.identifier.otheretd-11072008-063154en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-11072008-063154/en
dc.identifier.urihttp://hdl.handle.net/10919/45454en
dc.language.isoenen
dc.publisherVirginia Techen
dc.relation.haspartLD5655.V855_1996.R3639.pdfen
dc.relation.isformatofOCLC# 36516412en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectenvironmental performanceen
dc.subjecttechnological innovationen
dc.subjectprofitabilityen
dc.subject.lccLD5655.V855 1996.R3639en
dc.titleEnvironmental regulations and market competitiveness: some empirical evidence from electric utilitiesen
dc.typeThesisen
dc.type.dcmitypeTexten
thesis.degree.disciplineEconomicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Artsen

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