The evolution of environmental regulation is influenced by mutual impacts of policies, natural resources and targeted stakeholders’ behaviour in an often disregarded and continuously adapting-by-interacting setting. Grounding on this assumption, this work explores the role of oligopolistic industries in shaping the evolution of environmental regulation. Two real cases from geothermal sector are discussed with the aim of looking for disconfirming evidences for the absence of spontaneous virtuous dynamics of interaction between industrial leaders, policy makers and local communities, thus achieving a deeper understanding of the factual chain of causation. The paper concludes that meta-organizations seem to play a central role in coupling the evolution of environmental policy with the introduction of sustainable practices. What is more, this role seems to emerge spontaneously as a natural consequence of trial-and-error processes. Given that, management implications are drawn to guide oligopolistic industries in designing and implementing corporate strategies in order to achieve win-win cooperation with the agents of the meta-organization.
Co-evolution of environmental regulation and corporate management: lessons learnt from spontaneous meta-organizations in natural resource-based oligopolies
RIZZI, Francesco;
2013
Abstract
The evolution of environmental regulation is influenced by mutual impacts of policies, natural resources and targeted stakeholders’ behaviour in an often disregarded and continuously adapting-by-interacting setting. Grounding on this assumption, this work explores the role of oligopolistic industries in shaping the evolution of environmental regulation. Two real cases from geothermal sector are discussed with the aim of looking for disconfirming evidences for the absence of spontaneous virtuous dynamics of interaction between industrial leaders, policy makers and local communities, thus achieving a deeper understanding of the factual chain of causation. The paper concludes that meta-organizations seem to play a central role in coupling the evolution of environmental policy with the introduction of sustainable practices. What is more, this role seems to emerge spontaneously as a natural consequence of trial-and-error processes. Given that, management implications are drawn to guide oligopolistic industries in designing and implementing corporate strategies in order to achieve win-win cooperation with the agents of the meta-organization.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
