Corporate strategy and international environmental policy

This paper analyzes the interactions between international environmental po licy and multi-national corporate strategy. The main contribution is buildi ng a new conceptual framework to analyze the type of corporate strategy dev eloped in the presence of both national and international environmental reg ulations. This framework distinguishes between firm-level compliance with e nvironmental obligations and the development of resource-based green capabi lities. It also classifies major environmental regulations and incorporates a discussion of public policy.