Green innovation and financial performance: A study on Italian firms
Green innovation and financial performance: A study on Italian firms
No Thumbnail Available
Date
2022-07
Authors
Vasileiou, E.
Nikolaos Georgantzis
Giuseppe Attanasi
Patrick Llerena
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
As the environmental agenda gains momentum all over the world, enterprises face the challenge of combining economic and environmental goals. An obvious, recurrent, and yet not fully answered question is whether, and under which circumstances, an improvement in a firm's environmental performance leads to higher profits. Looking at innovation data, the present study, addresses the question whether Environmental Innovation (EI) is synergic with other types of innovation. To this aim, we separately consider the competitive gains from efficiency increases and cost savings due to different types of environmental innovations (EI) affecting the supply and the demand sides of a firm's activity. Using the Italian CIS dataset (2006–2008), we identify synergic interactions between EI and some but not all other types of innovation.
Description
Keywords
Citation
Efi Vasileiou, Nikolaos Georgantzis, Giuseppe Attanasi, Patrick Llerena, Green innovation and financial performance: A study on Italian firms, Research Policy, Volume 51, Issue 6, 2022, 104530, ISSN 0048-7333, https://doi.org/10.1016/j.respol.2022.104530. (https://www.sciencedirect.com/science/article/pii/S0048733322000580)