Industrial symbiosis (IS) has been used to describe the physical exchange and shared management of input and output materials by geographically proximate firms. Firms that engage in IS are said to belong to an industrial ecosystem. Symbiosis has been found to be motivated by economic considerations, such as lowering costs for waste disposal, as well as by environmental ones, such as accessing l...

Despite the domination of entrepreneurship approach in individual, organizational and national levels and because of global environmental competition, industrial/manufacturing firms and corporations especially in the developing countries seem to be unable to follow up this approach in their own organizations. A relevant research in 130 Iranian industrial firms in 2000, examined the entrepreneur...

Industrial symbiosis networks are generally assumed to provide economic and environmental benefits for all firms involved, though few quantifications have been produced in the literature, and the methods for these quantifications have varied. This paper provides an approach to quantify environmental performance of industrial symbiosis using guidance from the literature of life cycle assessment....

In the late 1990s, China’s industrial sector was dominated by state-owned firms. We document how this changed after 1998. More than 80 percent of the state-owned firms in 1998 were shut down or privatized by 2007. Among firms we classify as state-controlled in 2007, many were restructured and registered as private firms with a controlling share held by a stateowned conglomerate or were new firm...

This study explores the relation between credit risks of financial and non-financial firms and their corporate governance structures from the perspective of creditors. US based CDS spreads are used to measure firms’ risk taking behavior. Governance attributes have differential effects across firm types: Board independence and financial transparency have a greater impact on the default risk of f...

Using a sample of 12,136 firm-years between 1993 and 1998, I examine the investment policies of firms in Japanese industrial groups. My findings indicate that internal capital markets among keiretsu firms are active. Investment at the firm level is positively correlated with cash flows from the remainder of the keiretsu. Furthermore, firms in industrial groups tend to invest more than predicted...

Motivation -Industrial firms survive, sustain and co-evolve by participating in the sector of innovation and production through industrial transactions with each other. However, it is difficult for specialized firms to be aware of and manage accordingly the kind of systemic constraints and opportunities induced by relevant but indirect transactions, as well as the technological and economic req...

University research centers can be beneficial to industrial firms by providing firms with a number of relationship alternatives that facilitate the advancement of knowledge and new technologies. This multi-method field study indicates that larger more mechanistic firms especially those in resource intense industrial sectors use knowledge transfer and research support relationships to build comp...