Does the Eco‐Management and Audit Scheme Foster Innovation in European Firms? |
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| Authors: | Fabio Montobbio Ilaria Solito |
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| Affiliation: | 1. Institute of Economic Policy, Università Cattolica del Sacro Cuore, Milan, Italy;2. ICRIOS – Bocconi University, Milan, Italy;3. Collegio Carlo Alberto and BRICKS, Moncalieri, Turin, Italy;4. Department of Economics and Statistics Cognetti de Martiis, University of Turin, Turin, Italy |
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| Abstract: | This paper studies whether environmental management systems can spur eco‐innovation, analyzing EMAS (Eco‐Management and Audit Scheme) adoption and patented innovations (at the European Patent Office) at firm level. It uses an original panel database of 30 439 European firms belonging to all sectors from 2003 to 2012. An original instrumental variable is implemented to control for potential endogeneity. The analysis reveals that EMAS adoption is conducive to more innovation at the firm level. The results vary across countries and sectors. In particular, EMAS is positively related to green patents for medium and low technology manufacturing. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment |
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| Keywords: | innovation environmental management systems patents eco‐management and audit scheme |
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