Drivers of different types of eco-innovation in European SMEs

Angela Triguero Cano (), Lourdes Moreno-Mondéjar and María A. Davia

Ecological Economics, 2013, vol. 92, issue C, 25-33

Abstract: In this paper we explore the drivers of different types of eco-innovation in European SMEs. Drawing upon a database of 27 European countries, empirical evidence is found for the different roles of supply-side, demand-side and regulatory factors in encouraging the adoption of different types of eco-innovation. Our empirical strategy consists of the estimation of a trivariate probit model. Our results show that those entrepreneurs who give importance to collaboration with research institutes, agencies and universities, and to the increase of market demand for green products are more active in all types of eco-innovations. Supply-side factors seem to be a more important driver for environmental processes and organizational innovations than for environmental product innovations. The results also show that market share only has a significant positive influence on eco-product and eco-organizational innovations, while cost-savings are solely significant for eco-process innovations. Finally, prioritizing existing regulations shapes eco-product and eco-organizational innovations while expected regulations and access to subsidies and fiscal incentives do not have any significant effect on the decision to eco-innovate in Europe at the firm-level.

Keywords: Environmental innovation (eco-innovation); Drivers of innovation; SMEs; Product innovation; Process innovation; Organizational innovation (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (176)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:92:y:2013:i:c:p:25-33

DOI: 10.1016/j.ecolecon.2013.04.009

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