Firms’ growth, green gazelles and eco-innovation: evidence from a sample of European firms
Jackie Krafft
- Fonction : Auteur
- PersonId : 20807
- IdHAL : jackie-krafft
- ORCID : 0000-0002-8011-9866
- IdRef : 069718989
Francesco Quatraro
- Fonction : Auteur
- PersonId : 847602
Résumé
This paper investigates the impact of eco-innovation, i.e., innovations aimed at improving firms’ environmental performances, and environmental policy stringency on firms’ growth processes, with a special focus on gazelles, i.e., firms that show higher than average growth rates. In a context shaped by more and more stringent environmental regulatory frameworks, we posit that inducement mechanisms and the regulatory push/pull effect expand the derived demand for eco-innovations suppliers. For these reasons, we expect a positive association between the generation of EIs and sales growth, which is magnified by increasing policy stringency. The empirical analysis is based on firm-level data drawn from the Bureau van Dijk Database, coupled with patent information obtained from OECD Science and Technology Indicators. The results confirm that eco-innovations are likely to augment the effects of generic innovation on firm growth, and this is particularly true for gazelles. Policy stringency is important in moderating the effects of eco-innovation on growth for gazelles, but even more so for slow-growing firms.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Firms’ growth, green gazelles and eco-innovation: evidence from a sample of European firms
|
Résumé |
en
This paper investigates the impact of eco-innovation, i.e., innovations aimed at improving firms’ environmental performances, and environmental policy stringency on firms’ growth processes, with a special focus on gazelles, i.e., firms that show higher than average growth rates. In a context shaped by more and more stringent environmental regulatory frameworks, we posit that inducement mechanisms and the regulatory push/pull effect expand the derived demand for eco-innovations suppliers. For these reasons, we expect a positive association between the generation of EIs and sales growth, which is magnified by increasing policy stringency. The empirical analysis is based on firm-level data drawn from the Bureau van Dijk Database, coupled with patent information obtained from OECD Science and Technology Indicators. The results confirm that eco-innovations are likely to augment the effects of generic innovation on firm growth, and this is particularly true for gazelles. Policy stringency is important in moderating the effects of eco-innovation on growth for gazelles, but even more so for slow-growing firms.
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Auteur(s) |
Alessandra Colombelli
1
, Jackie Krafft
1
, Francesco Quatraro
1
1
GREDEG -
Groupe de Recherche en Droit, Economie et Gestion
( 185786 )
- GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - CS 10269 - F
06905 SOPHIA ANTIPOLIS Cedex
- France
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Comité de lecture |
Oui
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Vulgarisation |
Non
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Nom de la revue |
|
Langue du document |
Anglais
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Audience |
Internationale
|
Date de publication |
2021-04-01
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Date de publication électronique |
2019-08-02
|
Volume |
56
|
Numéro |
4
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Page/Identifiant |
1721-1738
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Collaboration/Projet |
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Projet(s) ANR |
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Projet(s) Européen(s) |
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Domaine(s) |
|
DOI | 10.1007/s11187-019-00236-8 |
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