Environmental innovations and profitability: How does it pay to be green? : An empirical analysis on the German innovation survey


Ghisetti, Claudia ; Rennings, Klaus


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URL: https://ub-madoc.bib.uni-mannheim.de/34776
URN: urn:nbn:de:bsz:180-madoc-347769
Document Type: Working paper
Year of publication: 2013
The title of a journal, publication series: ZEW Discussion Papers
Volume: 13-073
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: Q55 , Q20 , M10 , K32,
Keywords (English): Profitability , externality reducing innovations , energy and material efficiency innovations , Mannheim Innovation Panel
Abstract: Much of the empirical literature analysing the relation between environmental innovation and competitiveness has focused on the question whether “it pays to be green”. We differentiate between different types of environmental innovations, which will be disentangled in those aiming at reducing the negative externalities and those allowing for efficiency increases and cost savings. What we analyze is at first the extent to which these two typologies have impacts on firms’ profitability with opposite signs, and, secondly, whether the motivations driving the adoption of those innovations make the difference in terms of economic gains. We find empirical evidence that both the typology of Environmental Innovation and the driver of their adoption affect the sign of the relationship between competitiveness and environmental performance. The empirical strategy is based on a sample of German firms and makes use of a merge of two waves of the Mannheim Innovation Panel in 2011 and 2009 that allow overcoming some endogeneity issues which may arise in a cross-section setting.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Ghisetti, Claudia ; Rennings, Klaus (2013) Environmental innovations and profitability: How does it pay to be green? : An empirical analysis on the German innovation survey. Open Access ZEW Discussion Papers Mannheim 13-073 [Working paper]
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