Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83474
Authors: 
Ghisetti, Claudia
Rennings, Klaus
Year of Publication: 
2013
Series/Report no.: 
ZEW Discussion Papers 13-073
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.
Subjects: 
Profitability
Externality Reducing Innovations
Energy and Material Efficiency Innovations
Mannheim Innovation Panel
JEL: 
Q55
Q20
M10
K32
Document Type: 
Working Paper

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