Much of the empirical literature analysing the relation between environmental innovation and competitiveness has focused on the question whether “it pays to be green”. We differentiate between different types of environmental innovations, which will be disentangled in those aiming at reducing the negative externalities and those allowing for efficiency increases and cost savings. What we analyse is at first the extent to which these two typologies have impacts on firms' profitability with opposite signs, and, secondly, whether the motivations driving the adoption of those innovations make the difference in terms of economic gains. We find empirical evidence that both the typology of Environmental Innovation and the driver of their adoption affect the sign of the relationship between competitiveness and environmental performance. Innovations leading to a reduction in the use of energy or materials per unit of output positively affect firms' competitiveness. Contrarily, externality reduc

Ghisetti, C., Rennings, K. (2014). Environmental innovations and profitability: how does it pay to be green? An empirical analysis on the German innovation survey. JOURNAL OF CLEANER PRODUCTION, 75, 106-117 [10.1016/j.jclepro.2014.03.097].

Environmental innovations and profitability: how does it pay to be green? An empirical analysis on the German innovation survey

Ghisetti, C
;
2014

Abstract

Much of the empirical literature analysing the relation between environmental innovation and competitiveness has focused on the question whether “it pays to be green”. We differentiate between different types of environmental innovations, which will be disentangled in those aiming at reducing the negative externalities and those allowing for efficiency increases and cost savings. What we analyse is at first the extent to which these two typologies have impacts on firms' profitability with opposite signs, and, secondly, whether the motivations driving the adoption of those innovations make the difference in terms of economic gains. We find empirical evidence that both the typology of Environmental Innovation and the driver of their adoption affect the sign of the relationship between competitiveness and environmental performance. Innovations leading to a reduction in the use of energy or materials per unit of output positively affect firms' competitiveness. Contrarily, externality reduc
Articolo in rivista - Articolo scientifico
Externality reducing innovations; Profitability; Energy and material efficiency innovations; Mannheim Innovation panel
English
2014
75
106
117
reserved
Ghisetti, C., Rennings, K. (2014). Environmental innovations and profitability: how does it pay to be green? An empirical analysis on the German innovation survey. JOURNAL OF CLEANER PRODUCTION, 75, 106-117 [10.1016/j.jclepro.2014.03.097].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/317069
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