Evolution of the solar energy industry: Strategic groups and industry structure

Author(s):  
Gerald I. Susman
Author(s):  
Gloria Cuevas-Rodriguez ◽  
Carmen Cabello-Medina

Using the subjectivist view of entrepreneurship, the focus of this paper centers on understanding how certain individuals have created opportunities in the solar energy industry. An in-depth case study is developed to analyse the subjectivist character of discovery and creativity; the relevance of organizational learning for entrepreneurship; and the role of entrepreneurs’ experiences in shaping a firm’s subjective productive opportunity set. Through this research the relationships between the subjective visions and experiences of entrepreneurs, and perceived opportunities are presented. Besides the diversity of the problems that entrepreneurs encounter during the creation and development of the company, and the range of resources utilized are also discussed.


Author(s):  
Nicolás M. Perrone

Foreign investment is associated with efficiency, economic growth, and jobs. Investors emphasize the benefits of potential projects, but also ask for regulatory givings to ensure economic returns and to minimize their exposure to host-country risks. At times, international organizations have likewise highlighted both the benefits of foreign investment and the importance of incentives to attract new projects. If states were to implement these business-friendly regulations, investors might then come in, but many would count on investment treaties and ISDS to interpret and enforce sectoral regulation, representations, or specific commitments. Disputes related to the 2001 Argentine crisis and the Spanish solar energy industry show that in such circumstances, when a controversy leads to ISDS cases, arbitrators often put foreign investment relations within a transactional model, making regulatory reforms more difficult if projects fail, local expectations are disappointed, or circumstances drastically change.


2019 ◽  
Vol 118 ◽  
pp. 33-47 ◽  
Author(s):  
Danyela Samaniego-Rascón ◽  
Manuel C. Gameiro da Silva ◽  
Almerindo D. Ferreira ◽  
Rafael E. Cabanillas-Lopez

Author(s):  
Panikos Georgallis ◽  
João Albino-Pimentel ◽  
Nina Kondratenko

Abstract 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.


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