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What's in it for us? Or: the impact of environmental legislation on competitiveness
Author(s) -
Wubben Emiel
Publication year - 1999
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/(sici)1099-0836(199903/04)8:2<95::aid-bse189>3.0.co;2-8
Subject(s) - legislation , profitability index , business , term (time) , environmental impact assessment , economics , industrial organization , public economics , political science , law , finance , physics , quantum mechanics
The dispute on the impact of environmental legislation on international trade, national competitiveness, technological innovativeness and companies' profitability is as yet undecided. The predominant positions will be illustrated in the following meso/micro‐study detailing the impact (European) environmental legislation has on the competitiveness of a large chemical company. This study draws important conclusions and outlines remarkable implications by employing an instrumental distinction between short‐term costs/benefits and longer‐term innovativeness. It can be argued persuasively that environmental legislation has created a rat race among the major players at the (longer‐term) cost of smaller companies. Copyright © 1999 John Wiley & Sons, Ltd and ERP Environment.