Barriers to Swift Businesses Responses to Climate Change Regulations : Evidence from Automobile Sector in Saudi Arabia

Alhassoun, Abdulmohsen and Awanis, Sandra and Mouzas, Stefanos (2023) Barriers to Swift Businesses Responses to Climate Change Regulations : Evidence from Automobile Sector in Saudi Arabia. In: IMP2023: Rethinking the International Dimensions of Interaction, Relationships and Networks, 2023-08-22 - 2023-08-25, Manchester Business School.

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Abstract

This study aims to investigate inter-firm practises of firms operating in Saudi automotive industry – a sector that faces copious sustainable challenges – to explain how businesses respond to global climate change regulations in emerging markets. This study adopts a network approach as an intellectual lens and behavioural concepts to explain the underpinning mechanisms of firms’ responses to climate change regulations. Through interviews with senior managers and policy-makers of Saudi automobile networks, our findings distinguish between swift and delayed corporate responses to the country’s climate change framework. Specifically, we demonstrate that behavioural biases at the network level hinder the swift response. Loss aversion, present bias and focal point are the cognitive biases and errors that underpin actors’ interactions leading to delayed response. Our study advances extant knowledge by demonstrating that business responses to new environmental regulations are contingent on the network actors’ practices and the inter-firm interactions within the global supply networks.

Item Type:
Contribution to Conference (Paper)
Journal or Publication Title:
IMP2023: Rethinking the International Dimensions of Interaction, Relationships and Networks
Uncontrolled Keywords:
Research Output Funding/no_not_funded
Subjects:
?? no - not fundedno ??
ID Code:
217256
Deposited By:
Deposited On:
28 May 2024 15:25
Refereed?:
Yes
Published?:
Published
Last Modified:
28 May 2024 15:25