How environmental regulations affect innovation in the Australian oil and gas industry: going beyond the Porter Hypothesis

A structural equation model was used to verify both the direct and indirect influences on research and development and innovation capabilities that affect Thai automotive parts enterprises competitive advantage. Thailand’s automotive sector is a major driver of the economy with a multi-thousand network of both domestic and international companies contributing a significant amount to both domestic and Asian economic growth. After peaking in 2013 and reaching the Top 10 automotive nations, there has been a slide backwards. Competition is fierce and the pace of change ever quickening. Therefore, the researchers sought to determine how the automotive parts sector needed to improve in capability, skills and infrastructure to maintain a sustainable competitive advantage. From the structural equation model analysis of 220 regional automotive parts sector managers and use of AMOS software, it was determined that research and development combined with innovation plays key roles in the industry’s profitability and survivability. Additionally, there must be support across a wide sector of the economy, including universities, government agencies and institutions. Once championed as the ‘Detroit of Asia’, Thailand’s recognized success as a global automotive hub is a classic case of a well-executed industrial plan but that lead can potentially slip away without embracing new technologies and innovative thinking.

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“…2) Process Innovation is focused on the implementation of new or greatly enhanced production or delivery methods [26,28,29,[44][45][46].…”

Section: Innovation Capabilitymentioning

confidence: 99%

“…3) Service Innovation works best if the innovations are aligned with the firm's core purpose, meet a customer's future requirement and can be practically realized by the enterprise [21,41,42,44,46]. 4) Organization Innovation requires management to establish procedures for events and innovation-focused investment [28,[48][49][50].…”

Section: Innovation Capabilitymentioning

confidence: 99%

The Effects of R&D and Innovation Capabilities on the Thai Automotive Industry Part’s Competitive Advantage: A SEM Approach

Chamsuk¹,

Fongsuwan²,

Takala³

2017

Management and Production Engineering Review

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“…This is done by promulgating environmental regulations. Although there is a general consensus on the requirement for governmental legislation to regulate the environmental responsibilities of corporations, there is still debate on how best governments can formulate regulations and how best corporations can use the regulatory requirements to improve their own performance (Bi et al, 2014;Debnath, 2015;Ford et al, 2014;Majumdar and Marcus, 2001;Orlitzky et al, 2003;Porter and van der Linde, 1995a;Rubashkina et al, 2015;Tanaka, 2015;Zhao et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

Environmental regulations, innovation and firm performance: A revisit of the Porter hypothesis

Ramanathan

Black

et al. 2017

Journal of Cleaner Production

420

203

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This paper examines the relationships between environmental regulations, firms' innovation and private sustainability benefits using nine case studies of UK and Chinese firms. It aims to unravel the mechanisms by which a firm's environmental behaviour in improving its private benefits of sustainability is influenced by its relationship with the government, which primarily enacts regulations to maximise public sustainability benefits in the interests of society as a whole. The paper takes its cue from the Porter hypothesis to make some broad preliminary assumptions to inform the research design. A conceptual framework was developed through inductive case studies using template analysis. The results show that depending on firms' resources and capabilities, those that adopt a more dynamic approach to respond to environmental regulations innovatively and take a proactive approach to manage their environmental performance are generally better able to reap the private benefits of sustainability.

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“…of firms and industries (the strong version). In general, there is strong empirical support for the weak version of the Porter hypothesis [8], e.g., [3,[9][10][11][12][13]. However, the empirical support for the strong version is much more limited, e.g., [14].…”

Section: Introduction and Aimmentioning

confidence: 99%

Industrial Pollution Control and Efficient Licensing Processes: The Case of Swedish Regulatory Design

Pettersson

Söderholm

2014

Sustainability

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Industrial pollution accounts for a large proportion of global pollution, and in the European Union, an integrated pollution and prevention approach based on individual performance standards has been implemented to regulate emissions from industrial plants. Crucial for the assessment of the licensing conditions are the Best Available Technique (BAT) requirements, which should be set in accordance with the recently introduced Industrial Emissions Directive (IED). In this paper, we review and assess the licensing of industrial plants in one of the Member States, namely Sweden. Specifically, we discuss how the existing regulations (including the IED) manage to address potential trade-offs between important regulatory design issues, such as flexibility, predictability and the need to provide continuous incentives for environmental improvements. The analysis indicates that while the EU regulations provide flexibility in terms of the choice of compliance measures, in Sweden, it enters an existing regulatory framework that adds a lot of uncertainty with respect to the outcome of the licensing processes. An important challenge for the implementation of the IED is to implement performance standards that lead to continuous incentives to improve environmental performance in industrial sectors without, at the same time, adding new uncertainties. While standards ideally should be both flexible and predictable, achieving one of these criteria may often come at the expense of the other.

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How environmental regulations affect innovation in the Australian oil and gas industry: going beyond the Porter Hypothesis

Cited by 165 publications

References 46 publications

The Effects of R&D and Innovation Capabilities on the Thai Automotive Industry Part’s Competitive Advantage: A SEM Approach

The Effects of R&D and Innovation Capabilities on the Thai Automotive Industry Part’s Competitive Advantage: A SEM Approach

Environmental regulations, innovation and firm performance: A revisit of the Porter hypothesis

Industrial Pollution Control and Efficient Licensing Processes: The Case of Swedish Regulatory Design

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