IDEAS home Printed from https://ideas.repec.org/p/xrp/wpaper/xreap2017-15.html
   My bibliography  Save this paper

Eco-strategies and firm growth in European SMEs

Author

Listed:
  • Elisenda Jové-Llopis

    () (Department of Economics – CREIP, Universitat Rovira i Virgili)

  • Agustí Segarra-Blasco

    () (Research Group of Industry and Territory, Universitat Rovira i Virgili)

Abstract

This study investigates the effects of eco-strategies on firm performance in terms of sales growth in an extensive sample of 11,336 small and medium-sized enterprises (SMEs) located in 28 European countries. Our empirical results suggest that not all eco-strategies are positively related to better performance, at least not in the short term. We find that European companies using renewable energies, recycling or designing products that are easier to maintain, repair or reuse perform better. Those that aim to reduce water or energy pollution, however, seem to show a negative correlation to firm growth. Our results, also, indicate that high investment in eco-strategies improves firm growth, particularly in new members that joined the EU from 2004 onwards. Finally, we observe a U-shaped relationship between eco-strategies and firm growth, which indicates that a greater breadth of eco-strategies is associated with better firm performance. However, few European SMEs are able to either invest heavily or undertake multiple eco-strategies, thus leaving room for policy interventions.

Suggested Citation

  • Elisenda Jové-Llopis & Agustí Segarra-Blasco, 2017. "Eco-strategies and firm growth in European SMEs," Working Papers XREAP2017-15, Xarxa de Referència en Economia Aplicada (XREAP), revised Dec 2017.
  • Handle: RePEc:xrp:wpaper:xreap2017-15
    as

    Download full text from publisher

    File URL: http://www.xreap.cat/RePEc/xrp/pdf/XREAP2017-15.pdf
    File Function: First version, 2017
    Download Restriction: no

    File URL: http://www.xreap.cat/RePEc/xrp/pdf/XREAP2017-15.pdf
    File Function: Revised version, 2017
    Download Restriction: no

    More about this item

    Keywords

    eco-strategy; firm growth; Europe; SMEs;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:xrp:wpaper:xreap2017-15. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (XREAP). General contact details of provider: http://edirc.repec.org/data/xreapes.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.