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The Influence of State‐Ownership on Eco‐Innovations in Russian Manufacturing Firms
Author(s) -
Roud Vitaliy,
Thurner Thomas Wolfgang
Publication year - 2018
Publication title -
journal of industrial ecology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.377
H-Index - 102
eISSN - 1530-9290
pISSN - 1088-1980
DOI - 10.1111/jiec.12643
Subject(s) - state ownership , sample (material) , business , eco innovation , state (computer science) , industrial organization , resource (disambiguation) , control (management) , commerce , market economy , economics , emerging markets , finance , sustainability , ecology , computer network , chemistry , management , chromatography , algorithm , computer science , biology
Summary This paper studies drivers for eco‐innovation in Russian manufacturing firms on a sample of 2,212 innovative firms, of which over 600 introduced eco‐innovations. The companies in our sample specifically mention environmental regulation as a reason for engaging in eco‐innovations. Furthermore, we show that those firms who engage in eco‐innovations are motivated even stronger by the desire to increase resource efficiency. Companies under state ownership are especially prone to a higher likelihood to invest. We conclude that regulations are mostly relevant to the late comers who are obliged to follow minimum standards. On the other hand, the state uses its controlling influence to press companies under their control to exceed these minimum standards. Thus, we argue, state ownership does indeed have an influence on both the likelihood to eco‐innovate and on the levels of spending. Eco‐innovative state‐owned companies are only prone to invest in eco‐innovations, if they get additional money.