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Eco‐innovation strategies: A panel data analysis of Spanish manufacturing firms

Open access
Jové‐Llopis, Elisenda, Segarra‐Blasco, Agustí·2018·Business Strategy and the Environment

Abstract

This paper examines the determinants of eco‐innovation strategy in Spanish manufacturing firms. Using panel data of 3,201 Spanish firms for the period 2008–14, we specify a dynamic random probit model controlling for sample selection. The empirical results confirm that public regulations and R&D efforts encourage firms to place eco‐innovation activities among their strategic priorities, although subsidies are not found to be a distinctive driver. Furthermore, we find that eco‐innovation is highly persistent at the firm level, past eco‐innovation behavior being clearly of key importance in explaining the current state of a firm's eco‐innovation orientation. In contrast, market factors are not found to be a key driver for eco‐innovative firms.

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Metadata

Authors
Jové‐Llopis, E., & Segarra‐Blasco, A.
Venue
Business Strategy and the Environment
Publisher
Wiley
Published
2018-04-18
Volume
27
Issue
8
Pages
1209-1220
ISSN
  • 0964-4733 (ISSN-L)
  • 1099-0836
OpenAlex
W2800818618
Cited by
169
References
5
FWCI
21.42
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Eco‐innovation strategies: A panel data analysis of Spanish manufacturing firms. https://app.cochat.ai/papers/10.1002/bse.2063
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Jové‐Llopis, E., & Segarra‐Blasco, A. (2018). Eco‐innovation strategies: A panel data analysis of Spanish manufacturing firms. Business Strategy and the Environment. https://doi.org/10.1002/bse.2063

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.