Eco-innovations and companies’ financial constraints: a multi-level perspective model

.

Chapter 4 in Firms, Finance and Sustainable Transitions, 2018, pp 70-85 from Edward Elgar Publishing

Abstract: This chapter presents a multilevel perspective model based on the theoretical setting of the evolutionary theory. The model tries to capture the complexity of EIs’ contribution to the transition from the current (unsustainable) regime to a green economy where EIs become the market standard. In this framework, the model identifies the role played by the financial constraints in hindering the eco-innovative decisions of companies. On the one hand, financial constraints may impede regime level companies from developing or adopting incremental EIs that would otherwise allow niche-level EIs to enter the dominant regime. On the other, financial constraints can affect the development of radical EIs at niche level, by negatively influencing the niches readiness. In this way, financial constraints delay the alignment process among socio-technical levels, jeopardising the transition towards a more sustainable regime.

Keywords: Economics and Finance; Environment; Innovations and Technology (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781788111812.00010.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:17921_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().