Corporate strategy and the Kyoto mechanisms – institutional and transaction cost perspectives

摘要: This chapter examines the relative attractiveness of Kyoto project mechanisms as an option in corporate strategy to meet greenhouse gas emission targets. The analysis employs a transaction cost theory approach combination with perspectives institutional organisational analysis. Empirical evidence is given from study climate strategies Swedish companies. indicates that participation less attractive than other options. These do not provide companies legitimacy they need obtain resources, and are associated transaction-specific costs too high be viable alternatives.