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| Author: | Hoffmann, V. H. Trautmann, T. Hamprecht, J. |
| Title: | Regulatory uncertainty: a reason to postpone investments? Not necessarily |
| Journal: | Journal of Management Studies
2009 : NOV, VOL. 46:7 p.1227-1253 |
| Index terms: | case studies government regulations investment investment analysis uncertainty |
| Language: | eng |
| Abstract: | In this article, it is indicated that companies do not necessarily postpone investment decisions. This finding is due to three motivations: securing competitive resources, leveraging complementary resources, and moderating institutional pressure. These motivations are connected to fundamental principles of the resource-based view and institutional theory and further indicate the existence of a regime where institutionally motivated and resource-based actions are not necessarily separated. The research is based on a case study of the German power generation industry which encounters regulatory uncertainty from the European CO2 Emission Trading Scheme. |
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