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Introduction
Publications
Publications (38)
In this study, we distinguish two facets of dominant logic and assess empirically their relationships to strategic renewal and firm performance. In a sample of 156 Finnish small and medium-sized enterprises (SMEs) in the forestry and forest products sector, we find that cognitive and practiced dominant logics have divergent relationships with outco...
While climate change and biodiversity loss have exposed humanity to major systemic risks, policymakers in more than 40 countries have proposed the transition from a fossil-based to a bio-based economy as a solution to curb the risks. In the boreal region, forests have a prominent role in contributing to bioeconomy development; however, forest-based...
It is uncertain how the traditional forest sector can respond to the changing political environment, evolving markets, and global environmental problems. This study focuses on the development of forest-based bioeconomy (BE) in Finland from the perspective of three forest-based value networks (wooden multistory construction, fiber-based packaging, a...
Metsäalan työmarkkinat ovat muutoksessa, ja työntekijöiltä odotetaan tulevaisuudessa entistä monipuolisempia taitoja. Tämä yhdessä ikäluokkien pienenemisen kanssa ennakoi kovenevaa kil-pailua osaavista työntekijöistä myös metsäalalla, jolla työvoimatarpeen on pääsääntöisesti arvioitu kasvavan. Tässä tutkimuksessa selvitettiin suomalaisten 17-18-vuo...
In transitioning to a renewable material-based bio economy, growing public and industry interest is apparent for using wooden multistory construction (WMC) as a sustainable urban housing solution in Europe, but its business implications are not well understood. In our study, we evaluate, which internal and external factors of competitiveness are sh...
The past decades have experienced a growing interest in social and environmental issues, which has put more pressure on companies to meet diverse stakeholder expectations. These expectations encompass both inter-industry and international differences, highlighting the context-dependence of corporate social performance (CSP). Given the increased pre...
The planning process for wind farm projects appears to be a complicated matter in many cases. Despite the positive attitude towards wind power in general, local wind farm projects often face strong opposition. The aim of this study is to shed more light on residents’ perceptions of participation in the planning process of wind farms. This study is...
Sustainable consumption is a crucial contributor to sustainable development. Often, environmental policy approaches to promote sustainable consumption rely on increasing the awareness of consumers through information provision. Hence, it is important to know what kind of people the sustainability information is likely to reach, and what kind of peo...
Understanding how stakeholders perceive corporate social responsibility (CSR/CR) is of importance, especially in industries that place high social demands on the sustainability of their products and services. The key objective of this article is to examine the perceptions of students as future consumers concerning CSR and the future of the forest i...
The rise of wooden multistory construction (WMC) in the Nordic countries has turned out to be the most evident construction-related new business opportunity in the emerging bioeconomy. Based on earlier literature, the future growth prospects for the rise of WMC are rooted in the concerns regarding environmental issues, as witnessed in a plethora of...
The current challenge facing the European pulp and paper industry is how to materialize the transformation to a bio-economy, as well as to realize the necessary new green innovations. The risks, costs and constraints of doing business will increase, thereby further intensifying competition, but at the same time new business opportunities will open...
Despite intensive research on competition and innovation, the relationship between firm-external industry conditions and the internal organisation of the firms as determinants of innovative outcomes and financial performance is still ambiguous. This paper empirically explores the interplay between the firm-specific and industry-specific sources of...
Energy service companies (ESCOs) are often seen as a focal mechanism to improve energy efficiency. However, ESCOs have not met all the expectations which have been loaded on them and their diffusion has been slower than expected. This paper focuses on analysing the development of the ESCO sector in Finland and identifying the key factors—both drive...
Purpose
The purpose of the paper is to examine empirically Granger causality relationships between corporate social performance (CSP) and corporate financial performance (CFP) in four different industries.
Design/methodology/approach
The paper uses the Granger causality test to analyse the causality relationships between CSP and CFP in clothing, e...
The number of companies engaging in corporate social responsibility (CSR) has increased significantly. However, the ways in which CSR is understood and practised are strongly dependent on contextual characteristics, such as the industry. The objective of this study is to map the evolution of CSR in the Finnish forest industry. Drawing from thematic...
The European Union has set a milestone for cutting its carbon emissions by 2030 to levels 40% below the levels of 1990 through domestic reductions, improved energy efficiency and the greater use of renewable energy sources. In parallel, the key challenge of the pulp and paper industry (PPI) is how to achieve a transformation towards a bioeconomy, a...
Strategic change through diversification is seen to offer potential
sources for competitive advantage. On the other hand, there are also many
advantages associated to focusing on core capabilities instead of diversification.
This article studies how pulp and paper industry (PPI) companies have
managed to adjust their diversification strategies in r...
Wind power has been identified as one of the most promising sources of renewable energy. However, its diffusion has not been as rapid as anticipated. The objective here is to analyse attitudes towards wind power among Finnish local residents and owners of second homes. First, we assess their existing knowledge of and level of interest in energy iss...
Our key research objective in this study is to examine whether investments in corporate social responsibility (CSR) have an effect on corporate financial performance (CFP), or vice versa. The context is the energy industry, in which sustainability issues are of vital importance. Our data set is compiled from the KLD database and Thomson ONE. We use...
Energy Service Companies have faced strong expectations to capitalise on large but untapped energy-efficiency opportunities, but have fallen short in terms of diffusion. This paper focuses on the viability of a business model based on Energy Performance Contracting. Following a two-round Delphi study conducted in Finland, we analyse the insights pr...
This paper studies the formation of and the motives for research and
development (R&D) activities. In it, we explore the linkages between
explorative and exploitative R&D activities and the different types of
governance structures firms use when organising R&D. Additionally, we
analyse the relationship between different kinds of firm-external uncer...
Renewable energy sources are increasingly coming into use. This notably counts for non-food based biomass sources, including those producing wood-based energy. A firm that (re-)directs activities to this area can potentially create value. The external and internal environment of the firm sets the outline for the value creation potential. Important...
Renewable energy sources are increasingly coming into use. This notably counts for non-food based biomass sources, including those producing wood-based energy. A firm that (re-)directs activities to this area can potentially create value. The external and internal environment of the firm sets the outline for the value creation potential. Important...
The relationship between a firm's sustainability efforts and its financial performance has gained increasing interest among academia and in the press in recent years. In this study we focus on the energy industry in which sustainability issues are of special interest, but in which context the association between firm performance and sustainable dev...
Internal European electricity markets are a target set by the European Union (EU) and under development at present. This article presents the findings of a Delphi study focusing on the prospects of European electricity markets. The main aim is to report the obstacles that participants in the survey felt were the most critical ones affecting competi...
This paper explores the impact of strategic choices of the energy industry companies
on their overall performance and discusses the potential strategic options available
for the industry in the future. The data, that is analyzed statistically, is collected from
a commercial database and from company websites, and it includes the biggest North
Ameri...
Due to the global climate change discussion and drastic challenges within the external operational environment, many traditional pulp and paper industry (PPI) companies are forced to search for new value creating business opportunities. This paper discusses this development in the PPI and offers some illustrative examples to demonstrate the vital n...
Global awareness of renewable energy has grown markedly in response to concerns about increasing greenhouse-gas emissions
from fossil fuels, and price and availability problems related to non-renewable energy sources. This so-called “hype” around
bioenergy has fuelled wide-ranging interest in renewable energy sources, and especially in biomass, whi...
The upcoming bioenergy business area opens up promising opportunities for the traditional energy and forest sectors. This has motivated us to study existing and potential bioenergy actors that could take up this unique opportunity and develop new business around the “green gold” of the forest. Light is shed on the interface between the energy and f...
The global players in the pulp and paper industry are facing
a challenging situation since many structural parameters are changing
rapidly. This paper analyses a method of coping with this new situation.
First, the paper demonstrates how the industry dynamics of the pulp and paper
industry has changed during 1996–2005, measured by value creation/
d...
The global business environment of today requires industries to be increasingly agile in order to create added value. There is a particularly urgent need to innovate and redefine business models in the mature pulp and paper industry, which is continually announcing mill closures and reporting persistent profitability problems. This paper focuses on...
The role of inter-organisational relationships has become central in the quest for competitive success. Nevertheless, the rate of alliance formation has not been high in the forest industry, although the sector is in great need of new value-creating business. This study explores whether the widespread interest in renewable energy will open up new o...
The intense global competition has led to a surge of mergers and acquisitions in many industries. It is almost obligatory for a company to merge, acquire or ally if it intends to stay in the race. Another option is to grow internally by, e.g., building completely new mills to new markets. This paper studies whether there are differences in profitab...
Projects
Projects (2)
ORBIT project orchestrates end-user driven systemic development and growth of sustainable and diversified bioeconomy with the research agenda organized under four WPs: 1) Grand societal challenges and related policy drivers, 2) Changing consumer behavior and consumer-driven business models, 3) Bioeconomy industry transition and business networks, 4) Orchestrating user-driven future of sustainable forest bioeconomy. From the Finnish perspective, our core focus is placed on the forests, but with sectoral boundaries blurring via policy drivers, market substitution and new forms of competition and co-operation across industries, our results have wider relevance to future of (bio)economy. Consortium brings together expertise from forest sciences, environmental economics, consumer science, sustainability management, strategy research and futures studies, a necessity to build understanding on future pathways in bioeconomy.
