‘Better late than never’: a longitudinal quantile regression approach to the interplay between green technology and age for firm growth

Riccardo Leoncini, Alberto Marzucchi, Sandro Montresor (), Francesco Rentocchini and Ugo Rizzo

No 616, SEEDS Working Papers from SEEDS, Sustainability Environmental Economics and Dynamics Studies

Abstract: This paper investigates the relationships between green/non-green technologies and firm growth. By combining the literature on eco-innovations with industrial organisation and entrepreneurial studies, this relationship is investigated by considering its dependence on the pace at which firms grow and the moderating role of age. Based on a sample of 5498 manufacturing firms in Italy for the period of 2000-2008, we estimate longitudinal fixed effects quantile models in which age is set to moderate the effects of green and non-green patents on employment growth. The results indicate a positive role of green technologies in growth greater than the effect of non-green technologies. This result is valid with the exception of struggling and rapidly growing firms: the relevance of moderately growing firms thus emerges in contrast to the more celebrated “elite of superstar” growing companies. Age plays a moderating role in the growth effects of green technologies. Not completely inconsistent with the extant literature, this moderation effect is positive, indicating the importance of firm experience in benefiting from green technologies in terms of growth, possibly relative to the complexity of their management.

Keywords: green technology; firm growth; age; quantile fixed effects (search for similar items in EconPapers)
JEL-codes: L26 O33 Q55 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2016-05, Revised 2016-05
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-env, nep-ino, nep-sbm and nep-tid
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Citations: View citations in EconPapers (3)

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http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/0616.pdf First version, 2016 (application/pdf)
http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/0616.pdf Revised version, 2016 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:srt:wpaper:0616

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