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Eco‐innovation strategies: A panel data analysis of Spanish manufacturing firms

Year: 2018

Type: article

Abstract: This paper examines the determinants of eco‐innovation strategy in Spanish manufacturing firms. Using panel data of 3,201 Spanish firms for the period 2008–14, we specify a dynamic random probit model controlling for sample selection. The empirical results confirm that public regulations and R&D efforts encourage firms to place eco‐innovation activities among their strategic priorities, although subsidies are not found to be a distinctive driver. Furthermore, we find that eco‐innovation is highly persistent at the firm level, past eco‐innovation behavior being clearly of key importance in explaining the current state of a firm's eco‐innovation orientation. In contrast, market factors are not found to be a key driver for eco‐innovative firms.

Source: Business Strategy and the Environment

DOI: 10.1002/bse.2063

Authors: Elisenda Jové‐Llopis, Agustí Segarra‐Blasco

Institution: Universitat Rovira i Virgili

Language: English

Topic: Environmental Sustainability in Business

Subfield: Marketing

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Responsible consumption and production, Decent work and economic growth

Open Access status: green

OpenAlex ID: W2800818618

FWCI: 21.5

Cites: 64

Cited by: 169

Related to: 10