The Impact of Regulation-Driven Environmental Innovation on Innovation Success and Firm Performance

Rennings, Klaus; Rammer, Christian

doi:10.1080/13662716.2011.561027

Cited by 286 publications

(130 citation statements)

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“…Green innovation is defined as "all measures of relevant actors which develop new ideas, behaviours, products and processes, apply or introduce them, and which contribute to a reduction of environmental burdens or to ecologically specified sustainability targets" (Rennings & Rammer, 2011). Corporate implementing green innovation is a complex phenomenon whereas legitimacy theory, stakeholder theory, resource dependence theory, and upper echelons theory (UET) all provide the theoretical basis.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Although there are various types of green innovation and its nature can be technological, organizational, social or institutional, it is commonly divided into green product innovation and green process innovation (Rennings & Rammer, 2011). The former refers to the efforts to improve product quality and safety in order to address environmental issues and to achieve product differentiation by promoting sustainability, which in turn secures competitive advantage (Chen, 2008).…”

Section: Green Innovationmentioning

confidence: 99%

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Does gender diversity matter for green innovation?

2019

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This study empirically investigated the relationship between board gender diversity and firm's green innovation, using panel data of public companies of China's manufacturing. Green product innovation was assessed by “green” patents and green process innovation assessed by environmental management certification. The endogeneity problem that resulted from self‐selection of gender diversity was addressed by means of extended probit regressions with an instrumental variable, and the instrumental variable was elaborately constructed based on changes in directorships. The findings show that occurrence of green innovation at the firm‐level is systematically related to female board representation. Specifically, women can exert a sizable and positive effect on green innovation, once they enjoy at least two seats on the boards; a further increase in representation of women on the boards can increase the likelihood of green product innovation rather than the likelihood of green process innovation. These results were robust to various regression specifications and alternative samples. The study provides empirical evidence that women at the top management can play a positive role in developing firm's active environmental strategies, and the conclusions are of practical implications for improving corporate governance along the environmental dimension.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Green Innovationmentioning

confidence: 99%

Does gender diversity matter for green innovation?

2019

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“…In addition, demand-pull and "interface" policies 1 are increasingly recognized to be relevant instruments to stimulate innovativeness and diffusion of technological change (Del Rio Gonzalez 2005;Fischer and Newell 2008;Taylor 2008;Popp 2011;Rennings and Rammer 2011;Horbach, Oltra, and Belin 2013). Although there are examples of innovations developed in response to foreign regulations, environmentally sound inventions are more likely to respond to domestic environmental policies (Lanjouw and Mody 1996), particularly as far as new energy technologies are concerned (Popp 2006).…”

Section: Introductionmentioning

confidence: 97%

Innovation Performance and International Knowledge Spillovers: Evidence from the Renewable Energy Sector in OECD Countries

Garrone

Piscitello

Yan

2014

Industry and Innovation

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This paper aims at evaluating the sources of differences among countries' innovative performances in the renewable energy (RE) sector. Namely, we focus on the national innovative capacity, the knowledge developed abroad and the related knowledge spillovers. We claim that a country is more likely to develop RE innovation: (i) the larger the knowledge stocks of other countries in the same sector; (ii) especially when those other countries share established linkages with the focal country. Relying on a knowledge production function, we model country-level innovative performances in the RE sector for 18 OECD countries in the period 1990 -2006. Our findings confirm that, once controlling for climate-energy policies, international knowledge spillovers contribute significantly to RE innovation, and their effect is comparable with domestic R&D and human capital. In addition, international spillovers are more likely if countries share stronger linkages.

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“…Researchers have identified that different regulatory policies have a varied effect on the innovation performance of firms (Rennings and Rammer, ; Blind, ). Economic regulations focused on improving the growth of an industry positively impact innovation (Amable et al ., ; Ramanathan et al ., ; Clarke, ; Lee et al ., ; Rennings and Rammer, ), while those intended to protect an industry negatively impact innovation (Grabowski et al ., ; Marcus, ; Birnbaum, 1984; Smith and Grimm, ; de Bijl and Peitz, ). Bourreaua and Doğan ( ) and Keyhani et al .…”

Section: Theory and Hypothesesmentioning

confidence: 99%