Type of Document Master's Thesis Author Raneses, Anthony Rivera URN etd-11072008-063154 Title Environmental regulations and market competitiveness :some empirical evidence from electric utilities Degree Master of Arts Department Economics Advisory Committee
Advisor Name Title Wentzler, Nancy A. Committee Chair Porter, William R. Committee Member Reid, Brian Committee Member Keywords
- environmental performance
- technological innovation
Date of Defense 1996-12-25 Availability unrestricted Abstract
There 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.
Filename Size Approximate Download Time (Hours:Minutes:Seconds)
28.8 Modem 56K Modem ISDN (64 Kb) ISDN (128 Kb) Higher-speed Access LD5655.V855_1996.R3639.pdf 1.83 Mb 00:08:29 00:04:22 00:03:49 00:01:54 00:00:09next to an author's name indicates that all files or directories associated with their ETD are accessible from the Virginia Tech campus network only.
If you have questions or technical problems, please Contact DLA.