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- Title
Rethinking the Porter Hypothesis: The Underappreciated Importance of Value Appropriation and Pollution Intensity.
- Authors
Petroni, Giorgio; Bigliardi, Barbara; Galati, Francesco
- Abstract
The impact of environmental regulation on the competitiveness of firms and industries remains a hot topic. Since the formulation of the Porter hypothesis, scholars from different research areas have tried to confirm or deny it. However, despite a vast literature engaging this debate, it remains unclear whether and under what conditions the hypothesis could be considered valid. We believe that this is due to the need to consider some additional factors. The aim of this review is to propose additional and significant themes, namely value appropriation and pollution intensity, to be considered when examining the impact of environmental regulation on the innovation and profitability of firms. Results show that the validity of the Porter hypothesis cannot be proved in any condition, but at the same time, there are additional factors that have a relevant influence on that construct, which can lead to a validation or rejection of the hypothesis.
- Subjects
ENVIRONMENTAL regulations; ECONOMIC competition; PROFITABILITY; BUSINESS enterprises; POLLUTION; PORTER, Michael E., 1947-
- Publication
Review of Policy Research, 2019, Vol 36, Issue 1, p121
- ISSN
1541-132X
- Publication type
Article
- DOI
10.1111/ropr.12317