THE EFFECTS OF DOMESTIC AND EU INCENTIVES ON CORPORATE INVESTMENT TOWARD ECOLOGICAL TRANSITION: A PROPENSITY SCORE MATCHING APPROACH

Leonardo Becchetti, Sara Mancini () and Nazaria Solferino ()
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Nazaria Solferino: Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF, Università della Calabria

No 202104, Working Papers from Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF

Abstract: We investigate the effects of domestic and EU incentives on different types of corporate investments in ecological transition on a large representative sample of Italian firms including the universe of companies above 250 employees. We perform propensity score matching tests exploiting revealed information of firms that declare to use the incentives for specific ecological transition investments compared to a synthetic counterfactual of “twin” companies matched on selected characteristics. Our findings show that domestic and EU incentives significantly increase green investments, and more so if we consider investment in energy saving plants and for greenhouse emissions reduction.

Keywords: EU incentives; green investment; propensity score (search for similar items in EconPapers)
JEL-codes: H23 H25 Q58 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2021-10
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur and nep-tid
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http://www.ecostat.unical.it/RePEc/WorkingPapers/WP04_2021.pdf First version, 2021-10 (application/pdf)

Related works:
Journal Article: The effects of domestic and EU incentives on corporate investment toward ecological transition: a propensity score matching approach (2022)
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