The emergence of sustainable industries: Building on natural capital

• 成果类型: Article
• 署名作者: Russo, MV
• 署名单位: University of Oregon
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.298
• 发表日期: 2003
• 页码: 317-331
• 关键词: electric utilities; institutions; Natural environment; deregulation; alternative energy

摘要

This paper focuses on the emergence and growth of sustainable industries, specifically analyzing the rise of the wind energy industry in California. Based on a favorable institutional environment and the presence of abundant natural capital, the wind energy industry took root and flourished in California during the last two decades. This paper analyzes this phenomenon by exploring the determinants of where and when wind energy projects would be established. Findings suggest that in locations where natural, social, and economic influences converged, greater wind energy activity followed. The paper advances a simple framework that uses natural capital, site specificity, and institutional environments to predict which sustainable industries will enjoy growth in coming decades. Copyright (C) 2002 John Wiley Sons, Ltd.