Corporate Environmental Strategy, Lobby Group Participation and Political Reaction to New Zealand Emissions Trading Bill

Bui, Binh; Houqe, Nurul

doi:10.2139/ssrn.2377056

Cited by 3 publications

(5 citation statements)

References 45 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Ratnayake (1998) uses the export and import data at the industry level from 1980 to 1993 to examine the manufacturing sector's competitiveness in New Zealand in the context of environmental regulation. Bui and Hoque (2015) explore the reaction of four industries to the introduction of the Emission Trading Scheme in New Zealand ignoring the impact on industry performance. Wakeman and Conway (2017) reported that innovating firms in New Zealand grew at a faster rate than firm that did not innovate but did not experience improved productivity outcomes in their survey over the period of 2000-2012.…”

Section: Introductionmentioning

confidence: 99%

Industry structure, R&D intensity, and performance in New Zealand

Ameer

Othman

2020

JES

View full text Add to dashboard Cite

PurposeThe purpose of this paper is to test the Porter hypothesis using the Structure–Conduct–Performance (SCP) framework for a panel data set of industries in New Zealand.Design/methodology/approachThe authors developed a mutually exclusive classification of the process-led and product-led innovation strategies and examined their impact on SCP in the high (low) carbon emission industries.FindingsThe findings show that the high-level concentration provides more beneficial opportunities for product and geographical diversification that require a high level of R&D intensity. The authors find that in high-carbon emission industries, the product-led innovation strategies have a significant positive impact on the industry structure and performance which provide support for the Porter hypothesis.Practical implicationsThe findings imply that competition effects firm-level investments, in particular, capital expenditure to address carbon emissions, as such investments give firms a head start over rivals, and increase their profit margin compared to other firms over time. Overall, the empirical results lend support to the Porter hypothesis and suggest that understanding of industries’ unique R&D attributes is critical to developing regulations to support industries in smaller economies.Originality/valueIt is the first study that examines the industry structure, R&D intensity and performance in a small developed economy of New Zealand.

show abstract

Section: Introductionmentioning

confidence: 99%

Industry structure, R&D intensity, and performance in New Zealand

Ameer

Othman

2020

JES

View full text Add to dashboard Cite

show abstract

“…Other research has challenged the traditionally positive relationship between a firm's commitment to climate change and it economic objectives (Boiral et al, ). Bui and Houqe () show when examining firm responses to the ETS proposal in New Zealand, that firms adopting a more reactive environmental strategy and engaged heavily in lobbying activities tended to oppose the introduction of ETS.…”

Section: Theory and Overview Of Relevant Literaturementioning

confidence: 99%

Emissions permit allocation and strategic firm behavior: Evidence from the oil sector in the European Union emissions trading scheme

Patnaik

2020

Bus Strat Env

View full text Add to dashboard Cite

With the growing urgency of climate change, governments around the world are increasingly implementing new regulations for greenhouse gases. This trend elevates the importance of examining how firms engage in strategic efforts to influence regulations before they are in place and how they respond once they are in effect (i.e., their ex‐ante and ex‐post strategic behavior). This paper examines the outcomes of such strategic efforts by multinational and domestic oil companies within the European Union emissions trading scheme. An analysis of a panel dataset of oil firms (2008–2012) shows that on average the outcome of ex‐ante strategies did not differ significantly between multinational companies (MNCs) and domestic firms. However, the findings indicate that among those firms that received positive net benefits from the new climate policy, domestic firms were able to maximize these benefits better than MNCs through their ex‐post strategies. In contrast, among the firms that faced net costs due to the policy, MNCs were able to minimize these costs better than domestic firms, ex‐post. This paper advances our understanding of whether and to what extent MNCs differ from domestic firms in their economic outcomes stemming from strategic behavior related to emissions trading. This question is especially pertinent for regulations related to climate change, which is one of humanity's grand challenges and has important consequences for our economic, social, and political systems.

show abstract

“…Despite an ineffectual Emissions Trading Scheme being in place since 2008 (MfE, 2019c;Richter & Chambers, 2014), NZ has recently enacted its own framework for climate change policy creation ("Climate Change Response (Zero Carbon) Amendment Act," 2019). However, corporates' ability to influence a government's climate mitigation policies is also evident (Brulle, 2018;Bui & Houqe, 2015;Greenberg et al, 2011).…”

Section: Government Lobbyingmentioning

confidence: 99%

“…Policy in NZ is open to influence from advocacy sources that may supplant expert advice both in forming and exercising policy (Bui & Houqe, 2015;Morris, 2011;OPMSAC, 2013). The NZ ETS's slowness to come into effect, protracted exclusion (until 2025, at time of writing) of the agricultural sector, generous allocation of ETS units, lack (until the latest amendment takes effect) of a cap, a limit to the number of trading units, and complexity of the scheme, may all be seen as examples of corporate influence (Mitchell, 2020;Richter & Chambers, 2014).…”

Section: Government Lobbyingmentioning

confidence: 99%

“…In shaping policy, the NZ government often asks for public submissions on direction and content (MfE, 2019b). From efforts to alter the Emission Trading Scheme, it is known NZ corporates' lobbying activity is industry dependent, and increases with company size and the more lobby groups a corporate belongs to (Bui & Houqe, 2015). Delmas et al (2016).…”

Section: Government Lobbyingmentioning

confidence: 99%

See 1 more Smart Citation

Carbon emission reduction progress of pledging New Zealand corporates

Crisp¹

View full text Add to dashboard Cite

This thesis examines the progress of New Zealand’s thirteen founding members of the Climate Leaders Coalition in reducing greenhouse gas emissions from 2010 to 2020 inclusive. The thirteen corporates’ associated emissions are equivalent to half of New Zealand’s total emissions; therefore their progress is influential on New Zealand’s national progress. A known issue with corporate emissions is the paradox that whilst awareness and support for reducing emissions increase, corporate emissions also continue to increase. Understanding the carbon emission reduction paths of these publicly pro-mitigation New Zealand corporations provides further insight into this paradox and potential ways to alter the trend of increasing corporate emissions. A corporate emissions progress framework was constructed to define and capture the corporate emission reduction paths. The framework recognises eight stages of progress, including corporate emissions, strategies, actions, and communications as characteristics of progress. Semi-structured interviews with sustainability staff, corporate reports, press releases and corporate submissions to government were analysed to form a picture of progress within and across the corporates. A shared pathway was identified across the corporates, with comparable sequence and focus of strategies, action areas and progress. All corporates achieved relative emission reductions with some low emitters achieving absolute emission reductions. The path had characteristics that are transferable to other corporates regardless of sector. The reporting standard used by all corporations strongly influenced the path, with multiple implications. No corporates were identified as being in the top three stages of progress, as all corporates remained within a non-transformational range. Being a foundational pledge member of the Climate Leaders Coalition seemed influential in terms of progress for some corporates, and more a reflection of their existing approach for others.

show abstract

Corporate Environmental Strategy, Lobby Group Participation and Political Reaction to New Zealand Emissions Trading Bill

Cited by 3 publications

References 45 publications

Industry structure, R&D intensity, and performance in New Zealand

Industry structure, R&D intensity, and performance in New Zealand

Emissions permit allocation and strategic firm behavior: Evidence from the oil sector in the European Union emissions trading scheme

Carbon emission reduction progress of pledging New Zealand corporates

Contact Info

Product

Resources

About