the determinants of an environmentally responsive firm an empirical approach abstract our empirical results indicate that a firm s formulation of an environmental plan is positively influenced by customer pressure shareholder pressure government regulatory pressure and neighborhood and community group pressure but negatively influenced by other lobby group pressure sources and a firm s sales to asset ratio firms which view environmental issues as important in the next 5 years are also more likely to have a plan relative to the manufacturing sector firms in the natural resource sector are more likely to formulate environmental plans while firms in the service sector are less likely to have plans our results provide insight into how firms react to environmental issues they also offer policymakers a list of determinants which can be used either as an alternative or complement to environmental regulation

agency relationships in family firms theory and evidence does owner management necessarily eliminate the agency costs of ownership drawing on agency literature and on the economic theory of the household we argue that private ownership and owner management expose privately held owner managed firms to agency threats ignored by jensen s and meckling s 1976 agency model private ownership and owner management not only reduce the effectiveness of external control mechanisms they also expose firms to a self control problem created by incentives that cause owners to take actions which harm themselves as well as those around them jensen 1994 p 43 thus shareholders have incentive to invest resources in curbing both managerialand owner opportunism we extend this thesis to the domain of the family firm after developing hypotheses which describe how family dynamics and specifically altruism exacerbate agency problems experienced by these privately held owner managed firms we use data obtained from a large scale survey of family businesses to field test our hypotheses and find evidence which suggests support for our proposed theory finally we discuss the implications of our theory for research on family and other types of privately held owner managed firms

environmentalism democracy and pollution control this paper makes two empirical contributions to the literature based on predictions generated by a lobby group model first we investigate how environmental lobby groups affect the determination of environmental policy in rich and developing countries second we explore the interaction between democratic participation and political electoral competition the empirical findings suggest that environmental lobby groups tend to positively affect the stringency of environmental policy moreover political competition tends to raise policy stringency in particular where citizens participation in the democratic process is widespread

achieving shared triple bottom line tbl value creation toward a social resource based view srbv of the firm while the economic and environmental dimensions of the triple bottom line tbl have been covered extensively by management theory and practice the social dimension remains largely underrepresented the resource based view rbv of the firm and the natural resource based view nrbv of the firm are revisited to lay the theoretical foundation for exploring how the social dimension might be addressed social capabilities are then explored by looking at the social entrepreneurship literature and illustrative cases with the purpose of elaborating rbv toward a social resource based view srbv of the firm three illustrative cases which represent social businesses located in catastrophe ridden haiti show how capabilities are used to overcome challenging constraints the goal for the social entrepreneur is to employ the appropriate capabilities to ensure economic success a positive environmental impact and social benefits that leave the local community in a better position than without the business just as nrbv is a previous elaboration of rbv so can srbv be an elaborated theoretical foundation for future research the components of a theory are systematically addressed by extending the range of variables adding social capabilities extending the domain including stakeholders with economic environmental and or social stakes and offering propositions on variable relationships and outcome predictions linking social capabilities and shared tbl value creation by highlighting the social capabilities of social entrepreneurs this research illuminates the micro foundations of corporate social responsibility emphasizing the value of individual level analyses

home field advantage location decisions of portuguese entrepreneurs an investor s home bias in industrial location decisions may stem from personal factors social capital other non transferable assets and imperfect information about the urban and regional environment this paper explores the distinction between home base and non home location decisions in portugal we reach two important conclusions first the introduction of a variable accounting for prior base of economic activity significantly improves the statistical results second we find that the weighting of distinct location attributes differs between home and non home locations notably non home location choices are strongly governed by agglomeration economies and proximity to major urban centers possibly replicating prior location decisions to economize on search costs the results also enable us to quantify the investor s willingness to opt for a possible home field advantage for example entrepreneurs accept over three times higher labor costs to compete in their resident area of business 2002 elsevier science usa all rights reserved

business models as drivers of the low carbon power system transition a multi level perspective abstract decarbonising the electrical power system holds a critical role in climate change mitigation recent developments in technology are helping change the current centralized paradigm into one of integrated distributed clean energy resources in spite of these developments radical transformation is not occurring at a speed to effectively meet environmental targets mostly due to the incumbent carbon lock in trajectory we argue that business model bm innovation dynamics are key drivers in accelerating the low carbon power system transition often operating irrespective of the underlying technology we combine bm theory with the multi level perspective on sociotechnical transitions to present a useful framework to analyze this potential transition this paper presents the application of this framework characterizing relevant bm dynamics of niche and regime business actors and supporting these with illustrative examples particularly we find that new actors in the distributed energy business are achieving market scale by offering financially innovative bms that do not require upfront costs from customers higher penetrations of renewable energy sources in liberalized electricity markets are destabilizing the historical bm of large centralized utilities through erosion of wholesale prices furthermore a shift towards distributed and dynamic energy resources further challenges incumbents and might bring opportunities for bms focused on active customer participation and social value creation as these tendencies are expected to accelerate we find analyses of bms will have important relevance for future power system transition research

designing a global standardized methodology for measuring social entrepreneurship activity the global entrepreneurship monitor social entrepreneurship study although there is a high level of practitioner policymaker and scholar interest in social entrepreneurship most research is based on case studies and success stories of successful social entrepreneurs in a single country we develop a methodology to measure population based social entrepreneurship activity sea prevalence rates and test it in 49 countries our results provide insights into institutional and individual drivers of sea using the global entrepreneurship monitor gem methodology of total entrepreneurial activity tea we find that countries with higher rates of traditional entrepreneurial activity also tend to have higher rates of social entrepreneurial activity we develop a broad definition of social entrepreneurship and then explore types based on social mission revenue model and innovativeness

clusters of entrepreneurship employment growth is strongly predicted by smaller average establishment size both across cities and across industries within cities but there is little consensus on why this relationship exists traditional economic explanations emphasize factors that reduce entry costs or raise entrepreneurial returns thereby increasing net returns and attracting entrepreneurs a second class of theories hypothesizes that some places are endowed with a greater supply of entrepreneurship evidence on sales per worker does not support the higher returns for entrepreneurship rationale our evidence suggests that entrepreneurship is higher when fixed costs are lower and when there are more entrepreneurial people

toward a new conception of the environment competitiveness relationship accepting a fixed trade off between environmental regulation and competitiveness unnecessarily raises costs and slows down environmental progress studies finding high environmental compliance costs have traditionally focused on static cost impacts ignoring any offsetting productivity benefits from innovation they typically overestimated compliance costs neglected innovation offsets and disregarded the affected industry s initial competitiveness rather than simply adding to cost properly crafted environmental standards can trigger innovation offsets allowing companies to improve their resource productivity shifting the debate from pollution control to pollution prevention was a step forward it is now necessary to make the next step and focus on resource productivity

local labor force education new business characteristics and firm performance it is often asserted that a highly educated workforce is vital to improving the competitive position of american businesses especially by boosting entrepreneurship to examine this contention we use population census data and a new panel data of startup firms to examine how the education and skill level of the local labor force are related to the creation and success of new businesses this paper studies relationship between education entrepreneurship and businesses outcomes and considers simultaneously both the education of the entrepreneur and of the workforce where the entrepreneurs operate their businesses consistent with this simultaneous focus our initial results indicate that more educated entrepreneurs tend to be located in metropolitan areas with more educated workforces moreover highly educated areas have above average entrepreneurship rates finally the level of education of entrepreneurs is strongly related to positive business outcomes especially for college graduates compared to those with less than a four year degree

embedding landfill diversion in economic geographical and policy settings we analyse the process of landfill diversion embedding the dynamics in a frame where economic geographical and policy variables enter the arena we aim at investigating in depth what main drivers may be responsible for such a phenomenon we exploit a rich panel dataset covering all the 103 italian provinces the case study on italy is worth being considered provided that italy is a main country in the eu thus offering important pieces of information on the evaluation of policies evidence shows that the observed decoupling between economic growth and landfilling is driven by a mix of structural factors as population density and waste management strategies if on the one hand the landfill tax is not arising as a significant driver of the phenomenon other waste management instruments are associated with high significant negative effect on landfilled waste in association to the features of the tariff system we also underline the key role played by the share of separated collection in driving down land

local environmental non profit organizations and the green investment strategies of family firms we add to the debate on the determinants of firms green investment strategies gis by looking at societal stakeholders and explicitly testing the role of local environmental non profit organizations enpos in gis engagement by family and non family firms we argue that enpos favor gis engagement only by family firms which due to their resource constraints risk aversion and local embeddedness are more sensitive to enpos normative pressure we also suggest that the role of enpos is especially important for family firms gis in those sectors with less stringent regulations where enpos may act as a substitute for the coercive pressure of regulation and promote firms self regulatory behaviors we test and find support for our arguments on a sample of about 2000 italian manufacturing firms over the period 2001 2003 our results are robust to the control of observable omitted variables reverse causality and to alternative model specifications

does the development of environmental innovation require different resources evidence from spanish manufacturing firms in recent years environmental innovations are getting increasingly at the center both of the scientific debate and of the policy maker agenda adopting the resource based view this paper provides a comprehensive framework for understanding the specific role of internal external and hybrid resources in the environmental innovation development using a dataset of 4829 spanish manufacturing firms and estimating probit models it is found that internal resources have greater importance for environmental innovations moreover green innovators seem to be characterized by more intensive external relationships for hybrid resources acquisition of equipment but not of patents is more relevant finally evidence suggest the relevance of complementing the analysis of the external factors triggering environmental innovations with those of the internal resources the firm has access to in order to fully understand and support the development of environmental innovations

quality of the business environment versus quality of life do firms and households like the same cities this paper develops a new measure of the quality of business environment that complements existing measures of the quality of life an annual panel of these measures is constructed and analyzed for 37 cities from 1977 to 1995 findings indicate that many cities attractive to firms are unattractive to households and vice versa in addition the size of a city s workforce increases with improvements in the quality of the business environment in contrast cities most likely to be dominated by retirees are those that are less attractive to firms additional specifications support theoretical arguments that retirees are drawn to cities in which local attributes are capitalized into lower wages rather than higher rents

breakthrough inventions and migrating clusters of innovation abstract we investigate the speed at which clusters of invention for a technology migrate spatially following breakthrough inventions we identify breakthrough inventions as the top 1 of us inventions for a technology during 1975 1984 in terms of subsequent citations patenting growth is significantly higher in cities and technologies where breakthrough inventions occur after 1984 relative to peer locations that do not experience breakthrough inventions this growth differential in turn depends on the mobility of the technology s labor force which we model through the extent that technologies depend upon immigrant scientists and engineers spatial adjustments are faster for technologies that depend heavily on immigrant inventors the results qualitatively confirm the mechanism of industry migration proposed in models like duranton duranton g 2007 urban evolutions the fast the slow and the still american economic review 97 197 221

determinants of environmental innovation new evidence from german panel data sources abstract in most cases empirical analyses of environmental innovations based on firm level data relied on surveys for one point in time these surveys allow for the inclusion of many explanatory variables such as different policy instruments or the influence of pressure groups but it is not possible to address the dynamic character of environmental innovations this paper uses two german panel databases the establishment panel of the institute for employment research iab and the mannheim innovation panel mip of the centre for european economic research zew to explore the determinants of environmental innovations the econometric estimations show that the improvement of the technological capabilities knowledge capital by r d triggers environmental innovations environmental regulation environmental management tools and general organizational changes also encourage environmental innovation a result that has also been postulated by the famous porter hypothesis

the evolution of new industries and the determinants of market structure several empirical regularities concerning firm growth rates and industry firm size distributions have been developed by studying primarily mature industries the primary purpose of this article is to bring together and extend empirical regularities on the evolution of new industries and to use these regularities to gain further insight into the forces governing industry evolution to explain these regularities a model is constructed which emphasizes how factors governing the early evolution of industries may shape their market structure at maturity it stresses how chance events and exogenous factors that influence the number of potential entrants to the industry the growth rate of incumbents and the ease of imitation of industry leaders will influence the ultimate number and size distribution of firms in the industry

business models for people planet profits exploring the phenomena of social business a market based approach to social value creation this article explores the hybrid phenomenon of social business that is both a form of organization and a practice that deliberately harnesses market dynamics to address deeply rooted social issues through the design and implementation of a core product or service this new form of hybrid venture melds the social purpose traditionally associated with non profit organizations with the economic purpose and market based methods traditionally associated with for profit firms this exploratory research inductively explores the process by which social businesses are designed the result suggests that clear intentionality around social purpose drives the design of these ventures and their associated missions and business models such that they can creatively synthesize competing paradigms economic and social purpose within one venture the tight coupling of mission method and operationalization allows for the multi stakeholder promise of the business model to be fulfilled

journey and impact of business model innovation the case of a social enterprise in the scandinavian electricity retail market abstract organizations such as social enterprises engage in business model innovation when they wish to create deliver and capture value for their various stakeholders in ways that effect positive environmental and social change despite the increasing research attention paid to social enterprises the literature on business model innovation in this context is still scarce therefore the purpose of this paper is to explore business model innovation driven by sustainability issues at a social enterprise operating in the scandinavian electricity retail market a single case study research approach is taken and data are collected from sixteen individual interviews and two focus groups with executives managers and directors the study contributes to business model innovation as an organizational change process as well as an outcome of this process the findings show that business model innovation over time at social enterprises reflects a shift in focus from novelty via lock in of customers to efficiency in internal management routines additionally the study concludes that social enterprises with innovative business models driven by sustainability issues can introduce novel practices that lead to changes in the dominant business model of their industry the study also suggests how social entrepreneurs might innovate their business models as they focus on environmental and social sustainability

the life cycle of a competitive industry firm numbers first rise then later fall as an industry evolves this nonmonotonicity is explained using a competitive model in which innovation opportunities fuel entry and relative failure to innovate prompts exit equilibrium time paths for price and quantity also share features of the data the model is estimated using data from the u s automobile tire industry a particularly dramatic example of the nonmonotonicity in firm numbers

shifting chinese organizational responses to evolving greening pressures organizations are facing various evolving pressures to green their practices these pressures range from obligatory forces to voluntary measures environmental pressures traditionally influenced organizations to seek reactive and internal practices the adopted environmental management em practices have evolved to be more proactive and external as the focus has shifted to supply chains this paper aims to further understand the driving mechanisms for em practices under various external pressures to meet this research goal this study extends the theory of dynamic incentives of environmental policies and institutional theory to develop environmental pressures using an empirical study of 422 chinese manufacturers covering all 31 provinces and provincial cities an exploratory factor analysis reveals four em practices factors and four pressures drivers factors results of a hierarchical regression analysis show that coercive pressures positively relate to more reactive internal em practices less coercive pressures positively relate to more proactive external and green supply chain management practices the empirical findings provide further support that voluntary regulatory measures can help motivate companies in extending their em efforts to supply chains the work also provides insights into how organizations may respond to evolving regulatory regimes dynamic incentives of environmental regulatory policy and various institutional pressures

local amenities and life cycle migration do people move for jobs or fun abstract do households move for jobs or fun and where do they go when they move we address these questions using the 1970 2000 us census based on a panel of quality of life and business environment measures households prefer msas in warm coastal areas and non metropolitan locations while firms prefer large growing cities in addition cities with improving business environments acquire increasing shares of workers especially workers with high levels of human capital cities with improving consumer amenities become relatively more populated by retirees further analysis of individual level migration decisions indicates that regardless of marital status young highly educated households tend to move towards places with higher quality business environments this tendency is especially pronounced among highly educated couples who are more subject to job market co location problems in contrast regardless of education couples near retirement tend to move away from places with favorable business environments and towards places with highly valued consumer amenities these patterns help explain why areas unattractive to both households and business have struggled as with upstate new york while the sun belt and other regions are thriving