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Does EMAS foster innovation in European firms? An empirical investigation

Author

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  • Fabio Montobbio

    (Università di Torino (Italy), CRIOS – Università L. Bocconi, Milano (Italy))

  • Ilaria Solito

    (Laboratoire RITM, Université Paris Sud, Faculté Jean Monnet (France))

Abstract

This paper aims at analyzing whether environmental management systems can spur innovation at firm level, by providing new empirical evidence on the relationship between EMAS (Eco Management and Audit Scheme) and patented innovation. In applying a Negative Binomial model with Fixed Effect, we estimate the number of granted patents using EMAS as key explanatory variable. The relationship between EMAS and innovation is studied by using an original panel database composed by 30439 European firms belonging to all sectors and size. Moreover, we use an original instrumental variable to control for potential endogeneity. The analysis reveals that EMAS is positively correlated with innovation at firm level, although the results vary across countries and sectors.

Suggested Citation

  • Fabio Montobbio & Ilaria Solito, 2015. "Does EMAS foster innovation in European firms? An empirical investigation," SEEDS Working Papers 1615, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Sep 2015.
  • Handle: RePEc:srt:wpaper:1615
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    Keywords

    Innovation; Environmental management systems; Patents; Eco-Management and Audit Scheme;
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