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

Jové‐Llopis, Elisenda; Segarra‐Blasco, Agustí

doi:10.1002/bse.2063

Cited by 120 publications

(112 citation statements)

References 70 publications

(196 reference statements)

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“…In the context of Europe, Spain is below the European average in the development of eco‐innovation products, occupying the ninth position (Triguero et al, ). In addition, the presence of SMEs is comparatively more important in the productive structure of Spain, and these companies have a lower perception of the benefits of environmental management than the larger companies (Del Río et al, ; Jové‐Llopis & Segarra‐Blasco, ). These factors could introduce biases in our analysis, for which the study should be expanded to other countries.…”

Section: Discussionmentioning

confidence: 99%

“…Doran and Ryan () affirm that eco‐innovation is the development of a product, process, service, or organizational innovation and that the final objectives are the narrowing of pollution and the sustainability of the economy. In general terms, eco‐innovation refers to innovation in new products, services, or new business practices, necessary to create new business opportunities and benefits to the environment (Arranz, Arroyabe, Molina‐García, & de Arroyabe, ; Dangelico, ; Jové‐Llopis & Segarra‐Blasco, ;. In fact, Horbach et al () and Peiró‐Signes and Segarra‐Oña () conclude that eco‐innovation can be defined as a typology of innovation, which provides environmental benefits.…”

Section: Theoretical Approachmentioning

confidence: 99%

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The effect of regional factors in the development of eco‐innovations in the firm

2019

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This research addresses the study of the effect of regional factors in the development of eco‐innovations in the firm. We assume the hypothesis of regional heterogeneity, that is, geographical factors and the regional heterogeneity play an important role in determining the innovations in the firms. In this line, we will approach our study from the perspective of regional innovation systems (RISs). Therefore, our research question involves the evaluation of regional factors as determinants of eco‐innovation developing in the firm. To examine these questions, the PITEC database that covers the period 2011–2013 was used. Overall, 5,461 firms have been employed for the ordinal logit regression model. This research contributes to the studies of eco‐innovation, extending the investigation into drivers of eco‐innovation, and highlights the impact that RIS has on the eco‐innovative development in the firm. We find that regional interaction and regional characteristics are key elements for the development of eco‐innovation in firms. Thus, the density of companies in the region, the regional per capita income, and the existence of financing mechanisms are key elements for the eco‐innovative development in the firm.

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Section: Discussionmentioning

confidence: 99%

Section: Theoretical Approachmentioning

confidence: 99%

The effect of regional factors in the development of eco‐innovations in the firm

2019

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“…Closely related to the CE—although rarely explicitly connected—the EI literature also uses “win‐win” arguments to suggest that the trade‐off between economic growth and environmental conservation at the firm level can be resolved through EI such as cleaner production and eco‐design of products (Beckmann, Hielscher, & Pies, ; Doran & Ryan, ; Jové‐Llopis & Segarra‐Blasco, , among others). European Commission defines EI as “… all forms of innovation—technological and non‐technological—that creates business opportunities and benefits the environment by preventing or reducing their impact, or by optimising the use of resources” (European Commission, , p. 1).…”

Section: Ce and Sme Growth—conceptual Framework And Empirical Evidencementioning

confidence: 99%

Eco‐innovation and firm growth in the circular economy: Evidence from European small‐ and medium‐sized enterprises

2019

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As the circular economy (CE) concept gains growing popularity among consumers and producers, small‐ and medium‐sized enterprises (SMEs) increasingly look for ways to reorganize their offering and operations to integrate into the CE. This study examines the impact of (a) circular eco‐innovations and (b) external funding available for CE activities on the growth of European SMEs using a data set of 5,100 SMEs across 28 European countries in 2016. Findings reveal that a significant threshold investment (i.e., higher than 10% of revenues) into circular eco‐innovations is required for SMEs to benefit from investing into the CE. Moreover, the majority of circular eco‐innovations fail to boost the growth rates of SMEs, with the exception of investments into eco‐design innovations. Although traditional forms of debt and grant finance targeted to CE activities are found to have no or negative impact on the growth of SMEs, equity finance (i.e., angel and venture capital investments) contributes positively to their growth. The study offers insights into the lower levels of SME engagement in the CE as well as policy implications for improving engagement.

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“…Furthermore, given that green technologies are continuously advancing (Chu, Chun, & Ahn, ), firms have more opportunities to implement EMPs by exploring and acquiring advanced green technologies (Wicki, 2019) and to achieve innovation with significant green benefits. In addition, the ability to implement EMPs is usually time dependent (Jové‐Llopis & Segarra‐Blasco, ). Over time, firms may become more experienced with and may be able to achieve greater improvements in performance by implementing EMPs.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Understanding variation in the relationship between environmental management practices and firm performance across studies: A meta‐analytic review

2019

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The relationship between environmental management practices and firm performance has continuously received much attention in academic research. As existing literature on the link of the two constructs is characterized by heterogeneous research characteristics and mixed empirical evidence, one interesting question arises: Do research characteristics affect the magnitude and direction of the relationship between environmental management practices and firm performance? Amassing a database of 92 studies, 199 effect sizes, and 72,258 firms, we examine this question by conducting a meta-analysis. The characteristics investigated in this study include item number of performance measures, year of data collection, industry type, economic development, and Hofstede's five cultural dimensions. A meta-regression reveals that environmental management practices are positively associated with firm performance and that the degree of this association depends on these contexts. Specifically, the environmental management practices-performance relationship increases with year of data collection, is stronger with multiple item measures, and is higher for firms in developed countries and in cultures characterized by high power distance, low individualism, low uncertainty avoidance, and low long-term orientation.

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

Cited by 120 publications

References 70 publications

The effect of regional factors in the development of eco‐innovations in the firm

The effect of regional factors in the development of eco‐innovations in the firm

Eco‐innovation and firm growth in the circular economy: Evidence from European small‐ and medium‐sized enterprises

Understanding variation in the relationship between environmental management practices and firm performance across studies: A meta‐analytic review

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