The aim of this article is to investigate this issue through a study of the emergence of one low-carbon industry, solar photovoltaics PV in the United States. It can also be created to buy existing assets, in which case it does not fuel creative destruction but asset bubbles. The British Accounting Review 4, Auditors' consideration of corporate governance and management control philosophy in preplanning and planning judgments. Technological revolutions normally occur when profit opportunities in established industries are exhausted, but this one would have to occur much sooner, engineered through state policy. Link your Facebook profile with livejournal.
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As Keynes famously recognized 19 , the common practice of storing wealth in cash and existing assets leaves real resources in the economy unused. Effect of regulatory oversight on the association between internal governance characteristics and audit fees. Lee remained loyal to U. If your website covers one of these topics, then we suggest that you annotate it with Schema. Your action has not been completed. Large manufacturing corporations also had a natural preference for large scale and centralization, and the research and production subsidies it would bring.
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In setting up the AIIB, China has stressed shared interests and cooperation among member nations, the better to attract interested allies. Despite optimistic projections and initial global dominance, the American industry did not take off. The method required a broad overview of developments in the wider institutional context surrounding the firms under study. Appel, who was born and raised in Houston, Texas, moved to Hawaii in Solar Cells 5 , —
Additional data related to this paper may be requested from the author. The institutional coherence of this alliance has been slipping for some time. Von Nordenflycht, Inventing the Electronic Century: The study of the PV industry deliberately utilized a variety of bibliographic sources, including business press articles, governmental reports, congressional hearings, academic articles and books, and biographical accounts by involved entrepreneurs. Broken links send users to non-existent web pages. Internal contradictions among the United States and its close allies are deepening by the day.