POLLUTION REGULATION AS A BARRIER TO NEW FIRM ENTRY: INITIAL EVIDENCE AND IMPLICATIONS FOR FUTURE RESEARCH.

Researchers have suggested that environmental regulations may deter the entry of firms into industries, and their assertions imply that an advantage is thereby conferred on incumbent firms. Empirical analysis showed that environmental regulations inhibited new firm entry in a variety of manufacturing industries. Implications for affected firms and future research are discussed. [ABSTRACT FROM AUTHOR]