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The economic impact of capital expenditures: Environmental regulatory delay as a source of competitive advantage?

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Figure

Figure 1 Full sample and ETC subsample cumulative abnormal returns around project announcements
Table 1 Project sample analysis
Table 2 Sources of resource consent compliance costs
Table 3 presents summary statistics for the components considered for construction of a composite variable, ETC, to estimate the expected time (in months) to gain consent approval based upon public information at the project announcement date
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