Leoncini2019_Article_BetterLateThanNeverTheInterpla.pdf (567.83 kB)
‘Better late than never’: the interplay between green technology and age for firm growth
journal contribution
posted on 2023-06-09, 08:44 authored by Riccardo Leoncini, Alberto Marzucchi, Sandro Montresor, Francesco Rentocchini, Ugo RizzoThis paper investigates the relationship between green/non-green technologies and firm growth. By combining the literature on eco-innovations, industrial organisation and entrepreneurial studies, we examine the dependence of this relationship on the pace at which firms grow and the age of the firm. From a dataset of 5498 manufacturing firms in Italy for the period of 2000–2008, longitudinal fixed effects quantile models are estimated, in which the firm’s age is set to moderate the effects of green and non-green patents on employment growth. We find that the positive effect of green technologies on growth is greater than that of non-green technologies. However, this result does not apply to struggling and rapidly growing firms. With fast-growing (above the median) firms, age moderates the growth effect of green technologies. Inconsistent with the extant literature, this moderation effect is positive: firm experience appears important for the growth benefits of green technologies, possibly relative to the complexity of their management.
History
Publication status
- Published
File Version
- Published version
Journal
Small Business EconomicsISSN
0921-898XPublisher
SpringerExternal DOI
Issue
4Volume
52Page range
891-904Department affiliated with
- SPRU - Science Policy Research Unit Publications
Notes
Supplementary Information https://link.springer.com/article/10.1007/s11187-017-9939-6#SupplementaryMaterialFull text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2017-11-08First Open Access (FOA) Date
2017-11-08First Compliant Deposit (FCD) Date
2017-11-08Usage metrics
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