Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24495
Authors: 
Nogareda, Jazmin Seijas
Ziegler, Andreas
Year of Publication: 
2006
Series/Report no.: 
ZEW Discussion Papers 06-40
Abstract: 
In this paper, we analyze potential endogeneity problems in former econometric studies which regress corporate environmental performance such as green technology activities on green management. Based on evolutionary theory and the resource-based view of the firm, we discuss in the first step that green technology could also influence green management and that unobserved firm characteristics could simultaneously influence green management and green technology. Contrary to existing studies, we empirically explore in the second step the structural reverse causality hypothesis with a unique crosssectional firm-level data set from the German manufacturing sector. Our econometric analyses with uni- and multivariate probit models imply a significantly positive effect of environmental process innovations on certified environmental management systems and a significantly positive impact of environmental product innovations on life cycle assessment activities. We interpret these empirical results as a further indicator that the causal relationship between green management and green technology is not clear. We conclude that panel data, which are not available for technological environmental innovations yet, are a necessary condition to solve these endogeneity problems. Such panel data studies could therefore be an appropriate basis for robust conclusions with regard to voluntary green management measures as a non-mandatory approach in environmental policy.
Subjects: 
Non-mandatory environmental policy
green management
green technology
uni- and multivariate probit models
endogeneity
Document Type: 
Working Paper

Files in This Item:
File
Size
208.18 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.