Achieving High Growth in Policy-Dependent Industries: Differences between Startups and Corporate-Backed Ventures

This research examines which firms achieve high growth in policy-dependent industries. Using the European solar photovoltaic industry as our empirical setting, we investigate the impact of policy support on the growth of independent startups and corporate-backed ventures operating across countries with diverse policy conditions. We find that producers' growth is positively linked to policy generosity, and negatively linked to policy discontinuity. Moreover, corporate-backed ventures are less affected by policy generosity compared to entrepreneurial startups, and less impacted by policy discontinuity as well. Our results underline the importance of country- and firm-level differences in analyzing firms' response to regulatory policies, and point to the need for a better understanding of the unintended consequences of policies designed to support new industries.http://deepblue.lib.umich.edu/bitstream/2027.42/122759/1/1324_Georgallis .pdfhttp://deepblue.lib.umich.edu/bitstream/2027.42/122759/4/1324_Georgallis .pdfDescription of 1324_Georgallis .pdf : updated cover, August 201

The Link between Social Movements and Corporate Social Initiatives: Towards a Multi-Level Theory

This article offers a first step towards a multi-level theory linking social movements to corporate social initiatives. In particular, building on the premise that social movements reflect ideologies that direct behavior inside and outside organizations, this essay identifies mechanisms by which social movements induce firms to engage with social issues. First, social movements are able to influence the expectations that key stakeholders have about firms’ social responsibility, making corporate social initiatives more attractive. Second, through conflict or collaboration, they shape firms' reputation and legitimacy. And third, social movements' ideologies manifest inside corporations by triggering organizational members' values and affecting managerial cognition. The essay contributes to the literatures on social movements and CSR, extends understanding of how ideologies are manifested in movement-business interactions, and generates rich opportunities for future research.http://deepblue.lib.umich.edu/bitstream/2027.42/117491/1/1306_Georgallis.pd

Why do companies as diverse as oil producers and retailers enter moral markets?

Whether to realise their corporate identities, or to appease social movements, these companies help build the market, write Panikos Georgallis and Brandon Le

Jurisdiction shopping and foreign location choice: The role of market and nonmarket experience in the European solar energy industry

Several countries provide policy support to specific sectors in order to facilitate industry transitions. While industry-support policies stimulate the growth of their target sectors, little is known about how such policies engender heterogeneous international strategies. In this article, we investigate how industry-support policies influence foreign location choices. We argue that firms engage in jurisdiction shopping, choosing to invest in countries with more generous policy support, but that this tendency varies markedly across firms. Specifically, we suggest that firms’ nonmarket experience exacerbates the effect of policy support on location choice, whereas market experience has less of an impact. Further, we propose that some firms view generous policies more skeptically than others, depending on the nature of their nonmarket experience. We test and find support for our predictions using a longitudinal dataset of foreign investments of firms entering the solar energy industry in the European Union. Our findings indicate that supportive policies stimulate the energy transition, attracting in particular foreign entrants diversifying into renewables or having more policy experience. At the same time, they suggest that adverse policy changes in one country affect how firms assess policies in other countries, highlighting the need for policy coordination at a supranational level