Sustainability and corporate environmental focus: an analysis of Danish small and medium sized companies

Article Abstract:

The compliance of Danish small and medium sized firms to environmental regulations seems to be driven by an internal focus on cost savings and improving the overall environment for workers. This internal focus aspect is somewhat in conflict with sound management practice, where the goal is sustainable and environmental friendly growth. Reliance on an internal focus for environmental compliance can approach a point where further compliance would not result in improved product or processes, which woul definitely aggravate the firm's finances as well as compromise future growth.

Business, Denmark, Environmental engineering

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Schumpeterian competition and environmental R&D

Article Abstract:

Environmental standards and policy that are evolving can stimulate a form of Schumpeterian competition among firms, especially in their research and development investments. This is due to the effect of environmental R&D of endowing firms with significant R&D investments with the 'first mover' advantage which creates distinct market advantage especially when environmental policy is evolving. This is due to the low liabilities needed to be addressed by the first mover which could increase as new standards, motivated by R&D, are developed and increase the cost of compliance.

Scientific Research and Development Services, Research & Development NEC, Research, Industrial research, Research institutes, Environmental aspects, Pollutants

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Firm ownership patterns and motives for voluntary pollution control

Article Abstract:

Firms with widely dispersed shareholders show a tendency towards compliance to environmental regulations, using compliance as a means of internalizing externalities. This is due to the behavior of shareholders to increase the value of their overall portfolio. One of the value-increasing technique is lessening the conflict between the firm and regulators. Shareholders also volunteer environmental compliance especially when the firm exhibits resources that are capable of capacity replacement.

Analysis, Stockholders, Environmental economics

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