Eco-Innovation in the Chemical Manufacturing Firms: Insights for Policy Response

Keshminder J.s () and Chandran Vgr ()
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Keshminder J.s: Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus
Chandran Vgr: Department of Development Studies, Faculty of Economics and Administrationn University of Malaya
Authors registered in the RePEc Author Service: Chandran V G R ()

Institutions and Economies (formerly known as International Journal of Institutions and Economies), 2017, vol. 9, issue 1, 21-42

Abstract: Designing effective policies to promote a firm’s eco-innovation activities require policy makers to have significant knowledge on current industrial practices and activities. This paper investigates the state of eco-innovation activities, namely process, product and organisational eco-innovation in the chemical industry and further unveils common characteristics of firms that eco-innovate. Data was collected from interviews and surveys of 97 chemical firms. The results suggest that a large percentage of firms are involved in process technology and organisational eco-innovation and most of the innovation are adoptions rather than creations. Likewise, a higher percentage of foreign firms are eco-innovative. Export destination seems to play no role in improving the likelihood of firms to eco-innovate. The evidence suggests that local environmental policies are instrumental in encouraging eco-innovation. Policy implications are further discussed.

Keywords: Chemical industry; eco-innovation; environmental policy; sustainable manufacturing (search for similar items in EconPapers)
JEL-codes: L23 L65 O30 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:umk:journl:v:9:y:2017:i:1:p:21-42

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