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

JovéLlopis Elisenda | Zendy; SegarraBlasco Agustí | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

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

Author(s) -

JovéLlopis Elisenda,

SegarraBlasco Agustí

Publication year - 2018

Publication title -

business strategy and the environment

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 2.123

H-Index - 105

eISSN - 1099-0836

pISSN - 0964-4733

DOI - 10.1002/bse.2063

Subject(s) - panel data , subsidy , industrial organization , business , probit model , sample (material) , market orientation , eco innovation , marketing , ordered probit , manufacturing , economics , econometrics , market economy , sustainability , ecology , chemistry , chromatography , biology

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.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research