| Title |
'Better late than never': the interplay between green technology and age for firm growth |
| ID_Doc |
30831 |
| Authors |
Leoncini, R; Marzucchi, A; Montresor, S; Rentocchini, F; Rizzo, U |
| Title |
'Better late than never': the interplay between green technology and age for firm growth |
| Year |
2019 |
| Published |
Small Business Economics, 52, 4 |
| Abstract |
This 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. |
| PDF |
https://link.springer.com/content/pdf/10.1007/s11187-017-9939-6.pdf
|
