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Financial constraints of firms with environmental innovation

Financial constraints of firms with environmental innovation
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Year:    2019

Author:    Jensen, Febi, Schäfer, Dorothea, Stephan, Andreas

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 88 (2019), Iss. 3 : pp. 43–65

Abstract

Summary: Using the Mannheim Innovation Panel, we explore whether Environmental Innovator Firms (EIFs) have higher financial needs and are more financially constrained than Non-Environmental Innovator firms (OIFs). We find that EIFs are more likely to have higher latent financial need in comparison to OIFs. This implies that EIFs have latent projects that they have not yet realized, but would implement if they had the financial means to do so. EIFs adopting environmental technologies have higher financial needs compared to firms that do not. One tentative conclusion from this finding is that public subsidies might mitigate the financial restrictions of environmental innovation.

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/vjh.88.3.43

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 88 (2019), Iss. 3 : pp. 43–65

Published online:    2019-07

AMS Subject Headings:    Duncker & Humblot, Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    23

Keywords:    Environmental innovation innovation capability funding gaps financing restrictions

Author Details

Jensen, Febi

Schäfer, Dorothea

Stephan, Andreas

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    https://doi.org/10.3390/ijerph192214715 [Citations: 2]

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Section Title Page Action Price
Febi Jensen, Dorothea Schäfer, and Andreas Stephan: Financial constraints of firms with environmental innovation 43
Summary 43
Zusammenfassung 43
1 Introduction 44
2 Previous Studies on Environmental Innovation and Financing Constraints 45
3 Empirical Approach 46
3.1 Data and Variables 46
3.2 Econometric Estimations 49
3.3 Descriptive Results 50
3.4 Regression Analysis 43
4 Conclusions 44
References 44