EconPapers    
Economics at your fingertips  
 

Green innovation and financial performance: A study on Italian firms

Efi Vasileiou, Nikolaos Georgantzís (), Giuseppe Attanasi and Patrick Llerena

Research Policy, 2022, vol. 51, issue 6

Abstract: As the environmental agenda gains momentum all over the world, enterprises face the challenge of combining economic and environmental goals. An obvious, recurrent, and yet not fully answered question is whether, and under which circumstances, an improvement in a firm's environmental performance leads to higher profits. Looking at innovation data, the present study, addresses the question whether Environmental Innovation (EI) is synergic with other types of innovation. To this aim, we separately consider the competitive gains from efficiency increases and cost savings due to different types of environmental innovations (EI) affecting the supply and the demand sides of a firm's activity. Using the Italian CIS dataset (2006–2008), we identify synergic interactions between EI and some but not all other types of innovation.

Keywords: Environmental innovation; Product innovation; Process innovation; Organisational innovation; Marketing innovation; Financial performance; Synergies (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0048733322000580
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:respol:v:51:y:2022:i:6:s0048733322000580

DOI: 10.1016/j.respol.2022.104530

Access Statistics for this article

Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray

More articles in Research Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:respol:v:51:y:2022:i:6:s0048733322000580