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| Content Provider | Springer Nature Link |
|---|---|
| Author | Rexhäuser, Sascha Rammer, Christian |
| Copyright Year | 2013 |
| Abstract | We examine impacts of different types of environmental innovations on firm profits. Following Porter’s (Sci Am 264(4):168, 1991) hypothesis that environmental regulation can improve firms’ competitiveness, we distinguish between regulation-induced and voluntary environmental innovations. We find that innovations which do not improve firms’ resource efficiency do not provide positive returns to profitability. However, innovations that increase a firm’s resource efficiency in terms of material or energy consumption per unit of output have a positive impact on profitability. This positive result holds for both regulation-induced and voluntary innovations, although the effect is greater for regulation-driven innovation. We conclude that the Porter hypothesis does not hold in general for its “strong” version, but depends on the type of environmental innovation. Our findings rest on firm-level data from the German part of the Community Innovation Survey 2008 (CIS 2008). |
| Starting Page | 145 |
| Ending Page | 167 |
| Page Count | 23 |
| File Format | |
| ISSN | 09246460 |
| Journal | Environmental and Resource Economics |
| Volume Number | 57 |
| Issue Number | 1 |
| e-ISSN | 15731502 |
| Language | English |
| Publisher | Springer Netherlands |
| Publisher Date | 2013-05-14 |
| Publisher Place | Dordrecht |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Competitiveness Environmental innovation Environmental regulation Porter hypothesis Environmental Economics Environmental Law/Policy/Ecojustice Economic Policy Economics/Management Science Environmental Management |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics Management, Monitoring, Policy and Law |
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