Article2017

How do firms capture value from environmental innovations? An empirical analysis on European SMEs

52 citations0/0 files storedIndustry and Innovation

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Environmental Sustainability in Business Sustainable Supply Chain Management Sustainability and Innovation in Business

Abstract

How do SMEs exploit their environmental innovations on the market? This paper aims at exploring the factors affecting the choice of alternative green innovation strategies. It looks, in particular at the adoption of Environmental Management System (EMS) vs. green patents, and at the possible implementation of a bundle of the two, and investigates the role of sectoral characteristics in shaping firms’ strategic decisions. Relying upon a sample of 8797 European SMEs, we study the factors associated with the adoption of one or more strategies to capture value from green innovations. Results show that both firm characteristics – size and innovative activity – and sectoral specificities in terms of output tangibility, knowledge intensity and consumer vs. business orientation, matter in the adoption of different green innovation strategies.

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References

1984Sectoral patterns of technical change: Towards a taxonomy and a theory 1987Appropriating the Returns from Industrial Research and Development 2000Redefining innovation — eco-innovation research and the contribution from ecological economics 2000Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)2002Sectoral systems of innovation and production 2012Necessity as the mother of ‘green’ inventions: Institutional pressures and environmental innovations 2007Determinants of environmental innovation—New evidence from German panel data sources 2012Determinants of eco-innovations by type of environmental impact — The role of regulatory push/pull, technology push and market pull

Cited by

2023Venture Capital Financing and Green Patenting 2023Why green absorptive capacity and managerial environmental concerns matter for corporate environmental entrepreneurship?2019Green technological diversification of European ICT firms: a patent-based analysis 2023Knowledge absorption pathways for eco-innovation: an empirical analysis of small and medium-sized enterprises in the European Union 2022The effectiveness of appropriation mechanisms for sustainable innovations from small and medium-sized enterprises

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