Does eco-innovation lead to company growth?

IF 3 Q2 MANAGEMENT Innovation & Management Review Pub Date : 2024-08-23 DOI:10.1108/inmr-04-2023-0052
Amaia Altuzarra Artola
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Abstract

Purpose

This study presents new empirical evidence to the relatively scarce number of research papers on the correlation between eco-innovation and company growth. It sheds light on the causal relationship between these two variables.

Design/methodology/approach

Data from the Spanish Technological Innovation Panel from 2008 to 2016. Propensity Score Matching is applied to avoid self-selection problems.

Findings

The study found that engaging eco-innovation has no statistically significant impact on employment and sales growth. Therefore, the main benefits of transitioning to green innovations are in the environmental aspect.

Practical implications

The research findings provide a clear direction for policymakers. Such directions suggest the design of instruments that make the adoption of eco-innovations mandatory with the firm promise of substantial environmental benefits.

Originality/value

The paper explores an important issue for environmental policy. If being an eco-innovator is positively or at least neutrally related to growth, policymakers could create measures that encourage this type of green innovation. This would benefit the environment, and if the impact is positive, it would also have a positive social effect.

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生态创新会带来公司增长吗?
目的 本研究为数量相对稀少的有关生态创新与公司成长之间相关性的研究论文提供了新的实证证据。数据来自 2008 年至 2016 年的西班牙技术创新小组。研究发现,生态创新对就业和销售增长没有显著的统计影响。因此,向绿色创新转型的主要益处在于环境方面。这些方向建议设计一些工具,强制要求采用生态创新,并坚定地承诺会带来巨大的环境效益。 原创性/价值本文探讨了环境政策的一个重要问题。如果生态创新与经济增长呈正相关或至少呈中性相关,那么政策制定者就可以制定措施鼓励这类绿色创新。这将有利于环境,如果影响是积极的,还将产生积极的社会效应。
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来源期刊
CiteScore
4.60
自引率
0.00%
发文量
17
审稿时长
30 weeks
期刊最新文献
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