IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v19y2010i1p64-75.html

Some searches may not work properly. We apologize for the inconvenience.

   My bibliography  Save this article

Analysing emission intensive firms as regulatory stakeholders: a role for adaptable business strategy

Author

Listed:
  • Nigel Martin
  • John Rice

Abstract

Climate change regulations pose significant challenges to firms that produce large volumes of carbon emissions. Accordingly, firms in the trade‐exposed emission intensive industries are critical regulatory stakeholders. Following the Australian Government's ratification of the Kyoto Protocol in 2007, the proposed installation of an emission trading scheme is one of several business concerns as the government seeks to implement climate change policies and regulations. In this study, we inve stigate some of the major concerns that confront emission intensive businesses, and ask what the critical issues are for firms as a consequence of climate change policy implementation and what this means for their strategies. The study uses a concept mapping and analysis technique to reveal that future emission trading systems and business performance impacts resulting from emission reduction initiatives represent serious strategic concerns to stakeholder firms. Adaptable business strategies offer a potential solution to these perceived concerns and problems. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Nigel Martin & John Rice, 2010. "Analysing emission intensive firms as regulatory stakeholders: a role for adaptable business strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 19(1), pages 64-75, January.
    • Handle: RePEc:bla:bstrat:v:19:y:2010:i:1:p:64-75
    DOI: 10.1002/bse.661
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.661
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.661?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Zhang, ZhongXiang & Baranzini, Andrea, 2004. "What do we know about carbon taxes? An inquiry into their impacts on competitiveness and distribution of income," Energy Policy, Elsevier, vol. 32(4), pages 507-518, March.
    2. Thomas L. Brewer, 2004. "The WTO and the Kyoto Protocol: interaction issues," Climate Policy, Taylor & Francis Journals, vol. 4(1), pages 3-12, March.
    3. William Q. Judge & Thomas J. Douglas, 1998. "Performance Implications of Incorporating Natural Environmental Issues into the Strategic Planning Process: An Empirical Assessment," Journal of Management Studies, Wiley Blackwell, vol. 35(2), pages 241-262, March.
    4. Griffiths, Andrew & Haigh, Nardia & Rassias, Jenine, 2007. "A Framework for Understanding Institutional Governance Systems and Climate Change:: The Case of Australia," European Management Journal, Elsevier, vol. 25(6), pages 415-427, December.
    5. Kent, Anthony & Mercer, David, 2006. "Australia's mandatory renewable energy target (MRET): an assessment," Energy Policy, Elsevier, vol. 34(9), pages 1046-1062, June.
    6. Magali Delmas & Michael W. Toffel, 2004. "Stakeholders and environmental management practices: an institutional framework," Business Strategy and the Environment, Wiley Blackwell, vol. 13(4), pages 209-222, July.
    7. S. J. Fowler & C. Hope, 2007. "Incorporating sustainable business practices into company strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 16(1), pages 26-38, January.
    8. repec:cup:cbooks:9780521744447 is not listed on IDEAS
    9. Ralf Antes, 2006. "Corporate greenhouse gas management in the context of emissions trading regimes," Springer Books, in: Ralf Antes & Bernd Hansjürgens & Peter Letmathe (ed.), Emissions Trading and Business, pages 199-217, Springer.
    10. Bruce Clemens & Charles E. Bamford & Thomas J. Douglas, 2008. "Choosing strategic responses to address emerging environmental regulations: size, perceived influence and uncertainty," Business Strategy and the Environment, Wiley Blackwell, vol. 17(8), pages 493-511, December.
    11. Robin Gregory & Ralph L. Keeney, 1994. "Creating Policy Alternatives Using Stakeholder Values," Management Science, INFORMS, vol. 40(8), pages 1035-1048, August.
    12. van Asselt, Harro & Biermann, Frank, 2007. "European emissions trading and the international competitiveness of energy-intensive industries: a legal and political evaluation of possible supporting measures," Energy Policy, Elsevier, vol. 35(1), pages 497-506, January.
    13. Yoram Krozer & Andries Nentjes, 2008. "Environmental policy and innovations," Business Strategy and the Environment, Wiley Blackwell, vol. 17(4), pages 219-229, May.
    14. Loren Cass, 2005. "Norm Entrapment and Preference Change: The Evolution of the European Union Position on International Emissions Trading," Global Environmental Politics, MIT Press, vol. 5(2), pages 38-60, May.
    15. Leena Lankoski, 2008. "Corporate responsibility activities and economic performance: a theory of why and how they are connected," Business Strategy and the Environment, Wiley Blackwell, vol. 17(8), pages 536-547, December.
    16. Amy J. Hillman & Gerald D. Keim, 2001. "Shareholder value, stakeholder management, and social issues: what's the bottom line?," Strategic Management Journal, Wiley Blackwell, vol. 22(2), pages 125-139, February.
    17. Atle C. Christiansen & J�rgen Wettestad, 2003. "The EU as a frontrunner on greenhouse gas emissions trading: how did it happen and will the EU succeed?," Climate Policy, Taylor & Francis Journals, vol. 3(1), pages 3-18, March.
    18. Thomas L. Brewer, 2003. "The trade regime and the climate regime: institutional evolution and adaptation," Climate Policy, Taylor & Francis Journals, vol. 3(4), pages 329-341, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Murad, Wahid & Alam, Md. Mahmudul & Islam, Mazharul, 2019. "Dynamics of Japan’s Industrial Production and CO2 Emissions: Causality, Long-Run Trend and Implication," SocArXiv zb2dv, Center for Open Science.
    2. Ivo Hristov & Andrea Appolloni, 2022. "Stakeholders' engagement in the business strategy as a key driver to increase companies' performance: Evidence from managerial and stakeholders' practices," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1488-1503, May.
    3. Kent Walker & Na Ni & Bruno Dyck, 2015. "Recipes for Successful Sustainability: Empirical Organizational Configurations for Strong Corporate Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 24(1), pages 40-57, January.
    4. Matthias Damert & Rupert J. Baumgartner, 2018. "External Pressures or Internal Governance – What Determines the Extent of Corporate Responses to Climate Change?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 473-488, July.
    5. Jenni Kaipainen & Leena Aarikka‐Stenroos, 2022. "How to renew business strategy to achieve sustainability and circularity? A process model of strategic development in incumbent technology companies," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 1947-1963, July.
    6. Olivier Boiral & Mehran Ebrahimi & Kerstin Kuyken & David Talbot, 2019. "Greening Remote SMEs: The Case of Small Regional Airports," Journal of Business Ethics, Springer, vol. 154(3), pages 813-827, February.
    7. Sanjay Patnaik, 2020. "Emissions permit allocation and strategic firm behavior: Evidence from the oil sector in the European Union emissions trading scheme," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 976-995, March.
    8. Jeremy Galbreath & David Charles & Eddie Oczkowski, 2016. "The Drivers of Climate Change Innovations: Evidence from the Australian Wine Industry," Journal of Business Ethics, Springer, vol. 135(2), pages 217-231, May.
    9. Konstantinos Evangelinos & Ioannis Nikolaou & Walter Leal Filho, 2015. "The Effects of Climate Change Policy on the Business Community: A Corporate Environmental Accounting Perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(5), pages 257-270, September.
    10. Belinda Wade & Andrew Griffiths, 2022. "Exploring the Cognitive Foundations of Managerial (Climate) Change Decisions," Journal of Business Ethics, Springer, vol. 181(1), pages 15-40, November.
    11. Jared Cory & Michael Lerner & Iain Osgood, 2021. "Supply Chain Linkages and the Extended Carbon Coalition," American Journal of Political Science, John Wiley & Sons, vol. 65(1), pages 69-87, January.
    12. Olivier Boiral & Jean‐François Henri & David Talbot, 2012. "Modeling the Impacts of Corporate Commitment on Climate Change," Business Strategy and the Environment, Wiley Blackwell, vol. 21(8), pages 495-516, December.
    13. Jeremy Galbreath, 2011. "To What Extent is Business Responding to Climate Change? Evidence from a Global Wine Producer," Journal of Business Ethics, Springer, vol. 104(3), pages 421-432, December.
    14. Nigel James Martin & John Lewis Rice, 2014. "Influencing Clean Energy Laws: an Analysis of Business Stakeholder Engagement," Business Strategy and the Environment, Wiley Blackwell, vol. 23(7), pages 447-460, November.
    15. Md. Wahid Murad & Md. Mahmudul Alam & Md. Mazharul Islam, 2018. "Dynamics of Japan’s industrial production and carbon emissions: causality, long-term trend and implications," Letters in Spatial and Resource Sciences, Springer, vol. 11(2), pages 127-139, July.
    16. Josep Llach & Maria Del Mar Alonso‐Almeida & Antoni García‐Castellví & Llorenç Bagur‐Femenias, 2015. "A Fresh Approach to Context Influence, Development and Performance in Environmental Management," Business Strategy and the Environment, Wiley Blackwell, vol. 24(8), pages 855-872, December.
    17. Monika Winn & Manfred Kirchgeorg & Andrew Griffiths & Martina K. Linnenluecke & Elmar Günther, 2011. "Impacts from climate change on organizations: a conceptual foundation," Business Strategy and the Environment, Wiley Blackwell, vol. 20(3), pages 157-173, March.
    18. Sadia Samar Ali & Rajbir Kaur & Filiz Ersöz & Bothinah Altaf & Arati Basu & Gerhard-Wilhelm Weber, 2020. "Measuring carbon performance for sustainable green supply chain practices: a developing country scenario," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(4), pages 1389-1416, December.
    19. Andrew Bryant & Jennifer J. Griffin & Vanessa G. Perry, 2020. "Mitigating climate change: A role for regulations and risk‐taking," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 605-618, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nigel James Martin & John Lewis Rice, 2014. "Influencing Clean Energy Laws: an Analysis of Business Stakeholder Engagement," Business Strategy and the Environment, Wiley Blackwell, vol. 23(7), pages 447-460, November.
    2. Julia Wolf, 2013. "Improving the Sustainable Development of Firms: The Role of Employees," Business Strategy and the Environment, Wiley Blackwell, vol. 22(2), pages 92-108, February.
    3. van Asselt, Harro & Brewer, Thomas, 2010. "Addressing competitiveness and leakage concerns in climate policy: An analysis of border adjustment measures in the US and the EU," Energy Policy, Elsevier, vol. 38(1), pages 42-51, January.
    4. Joern H. Block & Marcus Wagner, 2014. "The Effect of Family Ownership on Different Dimensions of Corporate Social Responsibility: Evidence from Large US Firms," Business Strategy and the Environment, Wiley Blackwell, vol. 23(7), pages 475-492, November.
    5. Pasi Heikkurinen & Tarja Ketola, 2012. "Corporate Responsibility and Identity: from a Stakeholder to an Awareness Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 21(5), pages 326-337, July.
    6. Jonas Meckling, 2015. "Oppose, Support, or Hedge? Distributional Effects, Regulatory Pressure, and Business Strategy in Environmental Politics," Global Environmental Politics, MIT Press, vol. 15(2), pages 19-37, May.
    7. Albert Czerny & Peter Letmathe, 2017. "Eco‐efficiency: GHG reduction related environmental and economic performance. The case of the companies participating in the EU Emissions Trading Scheme," Business Strategy and the Environment, Wiley Blackwell, vol. 26(6), pages 791-806, September.
    8. Marcus Linder & Joakim Björkdahl & Daniel Ljungberg, 2014. "Environmental Orientation and Economic Performance: a Quasi‐experimental Study of Small Swedish Firms," Business Strategy and the Environment, Wiley Blackwell, vol. 23(5), pages 333-348, July.
    9. Frankel, Jeffrey, 2008. "Global Environmental Policy and Global Trade Policy," Working Paper Series rwp08-058, Harvard University, John F. Kennedy School of Government.
    10. Lu, Chao & Liu, Hu-Chen & Tao, Jie & Rong, Ke & Hsieh, Ying-Che, 2017. "A key stakeholder-based financial subsidy stimulation for Chinese EV industrialization: A system dynamics simulation," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 1-14.
    11. Ling Tang & Qin Bao & ZhongXiang Zhang & Shouyang Wang, 2015. "Carbon-based border tax adjustments and China’s international trade: analysis based on a dynamic computable general equilibrium model," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(2), pages 329-360, April.
    12. Simone Lazzini & Zeila Occhipinti & Angela Parenti & Roberto Verona, 2021. "Disentangling economic crisis effects from environmental regulation effects: Implications for sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2332-2353, July.
    13. Chorong Youn & So‐young Kim & Yuri Lee & Ho Jung Choo & Seyoon Jang & Jae Im Jang, 2017. "Measuring Retailers' Sustainable Development," Business Strategy and the Environment, Wiley Blackwell, vol. 26(3), pages 385-398, March.
    14. Mathews, John, 2007. "Seven steps to curb global warming," Energy Policy, Elsevier, vol. 35(8), pages 4247-4259, August.
    15. Lei Wang & Steven Li & Simon Gao, 2014. "Do Greenhouse Gas Emissions Affect Financial Performance? – an Empirical Examination of Australian Public Firms," Business Strategy and the Environment, Wiley Blackwell, vol. 23(8), pages 505-519, December.
    16. María del Mar Miras‐Rodríguez & Amalia Carrasco‐Gallego & Bernabé Escobar‐Pérez, 2015. "Has the CSR engagement of electrical companies had an effect on their performance? A closer look at the environment," Business Strategy and the Environment, Wiley Blackwell, vol. 24(8), pages 819-835, December.
    17. Hajer Tebini & Bouchra M’Zali & Pascal Lang & Paz Méndez-Rodrı́guez, 2015. "Social Performance and Financial Performance: A Controversial Relationship," International Series in Operations Research & Management Science, in: Enrique Ballestero & Blanca Pérez-Gladish & Ana Garcia-Bernabeu (ed.), Socially Responsible Investment, edition 127, chapter 0, pages 53-73, Springer.
    18. Basco, Rodrigo & Calabrò, Andrea & Campopiano, Giovanna, 2019. "Transgenerational entrepreneurship around the world: Implications for family business research and practice," Journal of Family Business Strategy, Elsevier, vol. 10(4).
    19. Sandra Escamilla-Solano & Antonio Fernández-Portillo & Jessica Paule-Vianez & Paola Plaza-Casado, 2019. "Effect of the Disclosure of Corporate Social Responsibility on Business Profitability. A Dimensional Analysis in the Spanish Stock Market," Sustainability, MDPI, vol. 11(23), pages 1-17, November.
    20. Muzhar Javed & Muhammad Amir Rashid & Ghulam Hussain & Hafiz Yasir Ali, 2020. "The effects of corporate social responsibility on corporate reputation and firm financial performance: Moderating role of responsible leadership," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(3), pages 1395-1409, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:19:y:2010:i:1:p:64-75. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.