ANALYSING FIRM-SPECIFIC AND TYPE-SPECIFIC DETERMINANTS OF ECO-INNOVATION

Pablo del Río, Desiderio Romero-Jordán and Cristina Peñasco
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Pablo del Río: IPP - Institute for Public Goods and Policies - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain]
Desiderio Romero-Jordán: URJC - Universidad Rey Juan Carlos = Rey Juan Carlos University
Cristina Peñasco: IPP - Institute for Public Goods and Policies - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain]

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Abstract: This paper analyses the main determinants influencing different types of eco-innovations and eco-innovators in Spain. We differentiate between two types of eco-innovations (process vs. product and new-to-the-market (NTM) vs. new-to-the-firm (NTF)) and two different types of ecoinnovators (large vs. small and old vs. new firms). Our findings show that new firms are not more eco-innovative and that smaller firms are certainly less eco-innovative. Although the environmental regulation variable is generally a main driver of eco-innovation, there are specific drivers for some eco-innovator and eco-innovation types. This is the case with internal innovation capabilities, which clearly influence small and new firms to eco-innovate, in contrast to large and old firms. Those capabilities are also a driver of NTM eco-innovation versus NTF eco-innovation. Involvement in external knowledge flows and cooperation is also a crucial variable for small firms to eco-innovate and a main driver of NTM versus NTF eco-innovation. Contrary to expectations, there are a few differential drivers for products vs. process eco-innovations. Energy/material cost reductions and environmental regulation influence both eco-innovation types, whereas the demand-pull from the market is absent for both, probably due to a relatively low degree of environmental consciousness and/or willingness to pay for eco-products by its consumers.

Date: 2017-03-14
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Published in Technological and Economic Development of Economy, 2017, 23 (2), pp.270-295. ⟨10.3846/20294913.2015.1072749⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03926860

DOI: 10.3846/20294913.2015.1072749

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