Mix and match: what is the best R&D recipe for eco-innovation?

Martina Ayoub and Stephane Lhuillery

Industry and Innovation, 2024, vol. 31, issue 7, 896-921

Abstract: Eco-innovation is a complex activity that requires diverse knowledge and an extensive R&D and technology portfolio. This paper investigates the strategies employed by firms and the extent to which green and non-green R&D can influence eco-innovation. We address two research questions: Is investment in green R&D valuable and sufficient for successful eco-innovation? What types of investment are needed for eco-innovation? Our findings provide a better understanding of the mix of knowledge fields required for eco-innovation. To investigate internal firm R&D strategies we use unique data that allow us to identify the influence of the stocks of green and non-green R&D on eco-innovation and the importance of complementarity among specific R&D strategies and knowledge for eco-innovation. Our findings will be relevant for policymakers and firms, to promote investment in R&D to enable eco-innovation and ensure a quick transition to a green society.

Date: 2024
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DOI: 10.1080/13662716.2024.2359380

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