File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1016/j.ejor.2017.07.022
- Scopus: eid_2-s2.0-85025474175
- WOS: WOS:000414108300027
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: Competition for limited critical resources and the adoption of environmentally sustainable strategies
Title | Competition for limited critical resources and the adoption of environmentally sustainable strategies |
---|---|
Authors | |
Keywords | Decision analysis Environmentally sustainable strategy Game theory Input competition |
Issue Date | 2018 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ejor |
Citation | European Journal of Operational Research, 2018, v. 264 n. 3, p. 1130-1143 How to Cite? |
Abstract | We develop a game-theoretical methodology that incorporates competition for limited resources to explicitly model a firm's valuation and, hence, its decision whether to adopt environmentally sustainable strategies (e.g., recycling programs to replace limited natural resources, alternative technologies). Even if switching to environmentally sustainable alternatives proves too expensive for individual firms, or resource costs are expected to remain low, we show that competition for resources would still push firms to incur switching costs as they become more environmentally sustainable. Using a sample of firm-level data from the KLD database which includes firms' sustainability policies, we find empirical support that competition for resources is positively correlated with a firm's adoption of environmental strategies. Tests that use the Chinese government's 2010 rare-earth supply suspension as an exogenous shock to competition for limited resources suggest a causal interpretation for our finding. |
Persistent Identifier | http://hdl.handle.net/10722/245389 |
ISSN | 2023 Impact Factor: 6.0 2023 SCImago Journal Rankings: 2.321 |
ISI Accession Number ID |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lee, H | - |
dc.contributor.author | Nunez, M | - |
dc.contributor.author | Cruz, J | - |
dc.date.accessioned | 2017-09-18T02:09:45Z | - |
dc.date.available | 2017-09-18T02:09:45Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | European Journal of Operational Research, 2018, v. 264 n. 3, p. 1130-1143 | - |
dc.identifier.issn | 0377-2217 | - |
dc.identifier.uri | http://hdl.handle.net/10722/245389 | - |
dc.description.abstract | We develop a game-theoretical methodology that incorporates competition for limited resources to explicitly model a firm's valuation and, hence, its decision whether to adopt environmentally sustainable strategies (e.g., recycling programs to replace limited natural resources, alternative technologies). Even if switching to environmentally sustainable alternatives proves too expensive for individual firms, or resource costs are expected to remain low, we show that competition for resources would still push firms to incur switching costs as they become more environmentally sustainable. Using a sample of firm-level data from the KLD database which includes firms' sustainability policies, we find empirical support that competition for resources is positively correlated with a firm's adoption of environmental strategies. Tests that use the Chinese government's 2010 rare-earth supply suspension as an exogenous shock to competition for limited resources suggest a causal interpretation for our finding. | - |
dc.language | eng | - |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ejor | - |
dc.relation.ispartof | European Journal of Operational Research | - |
dc.rights | Posting accepted manuscript (postprint): © <year>. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ | - |
dc.subject | Decision analysis | - |
dc.subject | Environmentally sustainable strategy | - |
dc.subject | Game theory | - |
dc.subject | Input competition | - |
dc.title | Competition for limited critical resources and the adoption of environmentally sustainable strategies | - |
dc.type | Article | - |
dc.identifier.email | Lee, H: hhlee@hku.hk | - |
dc.identifier.authority | Lee, H=rp01556 | - |
dc.identifier.doi | 10.1016/j.ejor.2017.07.022 | - |
dc.identifier.scopus | eid_2-s2.0-85025474175 | - |
dc.identifier.hkuros | 277719 | - |
dc.identifier.volume | 264 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | 1130 | - |
dc.identifier.epage | 1143 | - |
dc.identifier.isi | WOS:000414108300027 | - |
dc.publisher.place | Netherlands | - |
dc.identifier.issnl | 0377-2217 | - |