On the growth impact of different eco-innovation business strategies

Serenella Caravella and Francesco Crespi
Additional contact information
Serenella Caravella: Roma Tre University

Economia Politica: Journal of Analytical and Institutional Economics, 2022, vol. 39, issue 2, No 12, 657-683

Abstract: Abstract The paper investigates whether standard innovation and different types of eco-innovation activities have different effects on firm employment growth. Heterogeneity in terms of growth effects is analyzed by considering how the influence of different innovation strategies varies across firms grouped by their pace of growth. Relying on a sample of 3000 Italian manufacturing firms observed between 2012 and 2016, we find that innovative companies tend to grow faster than their non-innovative counterparts. However, when distinct paces of growth are taken into account, the employment growth impact of innovation will depend on the specific types of innovation strategies pursued by companies. In particular, more complex eco-innovation activities have no impact on employment growth for high-growth firms. This finding suggests that, on average, high-growth firms tend to be too small and too young to be able to expand through more complex EI strategies which, to be handled, require a wide range of cognitive, technological, and financial capabilities.

Keywords: Firms’ growth; Environmental innovations; Eco-innovation modes; Cluster analysis; Quantile regressions (search for similar items in EconPapers)
JEL-codes: H32 J21 O44 Q52 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s40888-022-00263-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:epolit:v:39:y:2022:i:2:d:10.1007_s40888-022-00263-x

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40888

DOI: 10.1007/s40888-022-00263-x

Access Statistics for this article

Economia Politica: Journal of Analytical and Institutional Economics is currently edited by Alberto Quadrio Curzio

More articles in Economia Politica: Journal of Analytical and Institutional Economics from Springer, Fondazione Edison
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().