Analysing the Role of International Drivers for Eco-innovators

Cristina Peñasco, Pablo del Río and Desiderio Romero-Jordán

Journal of International Management, 2017, vol. 23, issue 1, 56-71

Abstract: The aim of this paper is to analyse the impact of several “international” drivers on firms developing or adopting eco-innovation (i.e., eco-innovators), with the help of a bivariate probit model with sample selection and using a database of Spanish innovators. We test how the eco-innovative behaviour of innovative firms is affected by international sources of funding, one international regulation (the European Union Emissions Trading Scheme, EU ETS), customers in foreign markets, cooperation with international institutions and the presence of foreign equity in firms. Our results show that the influence of international factors on the eco-innovativeness of firms is modest. Public subsidies from international sources do not increase the likelihood of being an eco-innovator, although national sources of funding do. The EU ETS and cooperation with international actors positively and significantly affect eco-innovators. Firms with foreign equity are not more likely to eco-innovate and selling abroad does not increase the likelihood of being an eco-innovator.

Keywords: Eco-innovators; Probit model; International drivers (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1075425316303027
Full text for ScienceDirect subscribers only

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:eee:intman:v:23:y:2017:i:1:p:56-71

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/601266/bibliographic
http://www.elsevier. ... 601266/bibliographic

DOI: 10.1016/j.intman.2016.09.001

Access Statistics for this article

Journal of International Management is currently edited by M. Kotabe

More articles in Journal of International Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().