What drives eco-innovators? A critical review of the empirical literature based on econometric methods

Rı́o, Pablo del; Peñasco, Cristina; Romero-Jordán, Desiderio

doi:10.1016/j.jclepro.2015.09.009

Cited by 212 publications

(198 citation statements)

References 53 publications

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“…In the first set of variables, F, we include those control variables that have been identified in the literature as being determinants of general R&D expenditure at the industry-level and which have also been included in empirical analyses of eco-innovation (Del Río, 2009;Cohen, 2010;Del Río et al, 2016). First, we include two characteristics of firms, albeit at the industry-level, that may drive general investment in R&D: namely, R&D personnel intensity and the participation of foreign capital.…”

Section: Model and Variablesmentioning

confidence: 99%

“…Here, we need to control specifically for technological opportunities related to the environment because industrial sectors also differ significantly in the degree of eco-innovativeness (Del Río et al, 2016). As a proxy we use the importance attached by a firm to the reduction of the environmental impact as an objective of their innovation policy.…”

Section: Model and Variablesmentioning

confidence: 99%

“…The combination of the environmental externality and knowledge-market failures justifies the introduction of environmental and innovation policies to encourage the adoption of eco-innovations (Del Río et al, 2016). Although many of the determinants of environmental innovation are expected to be similar to those of general innovation (Rennings, 2000;Del Río, 2009), the empirical literature has in fact identified quite distinctive features in the case of ecoinnovation (Hojnik and Ruzzier, 2015;Del Río et al, 2016). Specifically, and as a result of this double externality problem, regulation makes eco-innovation different (Del Río et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

“…There has been a recent rise in interest in determining the drivers of investment in environmental innovation (Hojnik and Ruzzier, 2015;Del Río et al, 2016). As such, the aim of this paper is to contribute to this growing body of literature and to analyse the determinants of investment in eco-innovation and to detect differences, if any, with the determinants of investment in general innovation.…”

Section: Introductionmentioning

confidence: 99%

“…The use of industry-level data, although giving rise to certain limitations compared to the use of firm-level data, allows us to exploit the advantages of using panel data models. As Del Río et al (2016) point out, econometric analyses using panel data are recommendable but they are virtually absent from the analysis of the drivers of eco-innovation owing to the unavailability of adequate data.…”

Section: Introductionmentioning

confidence: 99%

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What are the determinants of investment in environmental R&D?

2017

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To face the challenges posed by climate change, environmental R&D and innovation are critical factors if we hope to cut emissions; yet, investment in environmental R&D remains below the social optimum. The aim of this paper is to analyse the determinants of investment in environmental innovation and to detect the differences, if any, with the determinants of investment in general innovation. In addition, this paper examines the relationship between environmental innovation R&D expenditure and a range of policy instruments, including environmental regulation and other policy measures including R&D subsidies and environmental taxes. The empirical analysis is carried out for 22 manufacturing sectors in Spain for the period [2008][2009][2010][2011][2012][2013]. To overcome problems of data availability, we construct a comprehensive database from different surveys. The main implications from our results are 1). Managerial strategy appears as a relevant driver of environmental R&D investments.2) The establishment of a policy mix between environmental, energy and technological regulatory measures is recommended.3) The promotion of self-regulation through actions that encourage companies to follow a policy that affects their energy efficiency and is environmentally friendly.

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Section: Model and Variablesmentioning

confidence: 99%

Section: Model and Variablesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What are the determinants of investment in environmental R&D?

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Shedding light on the determinants of eco‐innovation: A meta‐analytic study

2018

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In the past decade a stream of studies has analyzed the determinants of eco‐innovation. Four main clusters of drivers have been identified in the literature: “technology push,” “market pull,” “regulatory push‐pull,” and “firm specific factors.” Nevertheless, the empirical quantitative and comparative analysis of those clusters is rare, scattered and inconclusive. This article aims to fill this gap by analyzing the determinants of eco‐innovation on the basis of a meta‐analytic study of quantitative empirical studies published over the period 2006 to 2017—a meta‐analysis which accounts for a total of 211,123 firms. The findings show that firms with collaborative networks and/or more environmental concern are more prone to eco‐innovate, emphasizing the role of “technology push” as the main cluster of determinants, regardless of whether a typology of eco‐innovation is included as a moderator in the meta‐analysis. Based on the results of the meta‐analytic study, the paper discusses several courses of action to foster eco‐innovation and achieve environmental benefits.

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

2018

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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.

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What drives eco-innovators? A critical review of the empirical literature based on econometric methods

Cited by 212 publications

References 53 publications

What are the determinants of investment in environmental R&D?

What are the determinants of investment in environmental R&D?

Shedding light on the determinants of eco‐innovation: A meta‐analytic study

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

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