TY - CHAP
T1 - MULTINATIONALS AND GLOBAL CLIMATE CHANGE
T2 - ISSUES FOR THE AUTOMOTIVE AND OIL INDUSTRIES
AU - Kolk, Ans
AU - Levy, David
PY - 2003
Y1 - 2003
N2 - This chapter analyzes the strategic responses by U.S. and European multinational enterprises (MNEs) in the oil and automobile industries to the global climate change issue. We examine and attempt to explain the differences across regions, across industries, and the changes over time. Traditional economic drivers of strategy do not provide a satisfactory account for these differences, and the chapter focuses instead on the conflicting institutional pressures on MNEs and the implications for their climate strategy. The home-country institutional context and individual corporate histories can create divergent pressures on strategy for MNEs based in different countries. At the same time, the location of MNEs in global industries and their participation in "global issues arenas" such as climate change generate institutional forces for strategic convergence. It appears that local context influenced initial corporate reactions, but that convergent pressures predominate as the issue matures.
AB - This chapter analyzes the strategic responses by U.S. and European multinational enterprises (MNEs) in the oil and automobile industries to the global climate change issue. We examine and attempt to explain the differences across regions, across industries, and the changes over time. Traditional economic drivers of strategy do not provide a satisfactory account for these differences, and the chapter focuses instead on the conflicting institutional pressures on MNEs and the implications for their climate strategy. The home-country institutional context and individual corporate histories can create divergent pressures on strategy for MNEs based in different countries. At the same time, the location of MNEs in global industries and their participation in "global issues arenas" such as climate change generate institutional forces for strategic convergence. It appears that local context influenced initial corporate reactions, but that convergent pressures predominate as the issue matures.
UR - https://www.scopus.com/pages/publications/36148964709
UR - https://www.scopus.com/pages/publications/36148964709#tab=citedBy
U2 - 10.1016/S1064-4857(03)09008-9
DO - 10.1016/S1064-4857(03)09008-9
M3 - Chapter
AN - SCOPUS:36148964709
SN - 0762309660
SN - 9780762309665
T3 - Research in Global Strategic Management
SP - 171
EP - 193
BT - Multinationals, Environment and Global Competition
PB - JAI Press
ER -