We analyse the role of financial barriers in affecting the adoption of environmental innovations (EI) with a focus on manufacturing small and medium-sized enterprises in Europe. In taking stock of the consolidated literature on EI, we find that the role of financial barriers is substantially neglected, although crucial, even more relevant in the current phase of the economic cycle. Our empirical analysis confirms the existence of direct negative effects of financial barriers on environmental innovation investment decisions. It furthermore sheds more light on the determinants of financial barriers that shape firms’ cleaner production choices. Our findings have the following policy implications: properly designed policies can play a critical role, not only by stimulating EI through their determinants, but also by acting on the financial obstacles to eco-innovation.

Ghisetti, C., Mancinelli, S., Mazzanti, M., & Zoli, M. (2017). Financial barriers and environmental innovations: evidence from EU manufacturing firms. CLIMATE POLICY, 17(sup1), S131-S147 [10.1080/14693062.2016.1242057].

Financial barriers and environmental innovations: evidence from EU manufacturing firms

Zoli M.
2017

Abstract

We analyse the role of financial barriers in affecting the adoption of environmental innovations (EI) with a focus on manufacturing small and medium-sized enterprises in Europe. In taking stock of the consolidated literature on EI, we find that the role of financial barriers is substantially neglected, although crucial, even more relevant in the current phase of the economic cycle. Our empirical analysis confirms the existence of direct negative effects of financial barriers on environmental innovation investment decisions. It furthermore sheds more light on the determinants of financial barriers that shape firms’ cleaner production choices. Our findings have the following policy implications: properly designed policies can play a critical role, not only by stimulating EI through their determinants, but also by acting on the financial obstacles to eco-innovation.
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/01 - Economia Politica
Settore SECS-P/02 - Politica Economica
Settore SECS-P/03 - Scienza delle Finanze
English
Con Impact Factor ISI
environmental innovations, environmental regulations, financial barriers, firms
https://www.tandfonline.com/doi/abs/10.1080/14693062.2016.1242057
Ghisetti, C., Mazzanti, M., Mancinelli, S., & Zoli, M. (2015). Do financial constraints make the environment worse off? Understanding the effects of financial barriers on environmental innovations. SEEDS Working Paper Series, 19p.
Ghisetti, C., Mancinelli, S., Mazzanti, M., & Zoli, M. (2017). Financial barriers and environmental innovations: evidence from EU manufacturing firms. CLIMATE POLICY, 17(sup1), S131-S147 [10.1080/14693062.2016.1242057].
Ghisetti, C; Mancinelli, S; Mazzanti, M; Zoli, M
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2108/197772
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