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題名 Competition for limited critical resources and the adoption of environmentally sustainable strategies
作者 李曉惠
Lee, Hsiao-Hui
Nunez, Manuel
Cruz, Jose
貢獻者 資管系
關鍵詞 Decision analysis ; Environmentally sustainable strategy ; Game theory ; Input competition
日期 2018-02
上傳時間 30-Oct-2019 11:12:35 (UTC+8)
摘要 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.
關聯 European Journal of Operational Research, Vol.264, No.3, pp.1130-1143
資料類型 article
DOI https://doi.org/10.1016/j.ejor.2017.07.022
dc.contributor 資管系
dc.creator (作者) 李曉惠
dc.creator (作者) Lee, Hsiao-Hui
dc.creator (作者) Nunez, Manuel
dc.creator (作者) Cruz, Jose
dc.date (日期) 2018-02
dc.date.accessioned 30-Oct-2019 11:12:35 (UTC+8)-
dc.date.available 30-Oct-2019 11:12:35 (UTC+8)-
dc.date.issued (上傳時間) 30-Oct-2019 11:12:35 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/127169-
dc.description.abstract (摘要) 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.format.extent 1776219 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) European Journal of Operational Research, Vol.264, No.3, pp.1130-1143
dc.subject (關鍵詞) Decision analysis ; Environmentally sustainable strategy ; Game theory ; Input competition
dc.title (題名) Competition for limited critical resources and the adoption of environmentally sustainable strategies
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.ejor.2017.07.022
dc.doi.uri (DOI) https://doi.org/10.1016/j.ejor.2017.07.022