Green patents : a way to guide the eco-innovation success process?
Purpose: The purpose of this paper is to explore the determinants of successful eco-innovation processes, using R&D intensity and green patents as metrics for eco-innovation measurement and analysis. Design/methodology/approach: The paper reports the results of a quantitative study based on a sample of 2,218 firms with proactive profiles in eco-innovation, 249 of which have green patents registered in Spain or in the European Union. Findings: The results suggest positive relationships between the activity of eco-innovation of firms with both the innovation activity in firms and the R&D intensity. The findings also confirm the influence of implementing innovation in the financial performance of business. Research limitations/implications: The results will be useful for future studies on the subject and for practitioners making decisions on investments in collaborative R&D and its protection through industrial property in the form of green patents. The main determinants of eco-innovation analysed in this paper can be directly translated into practices because they provide information on how to strengthen these determinants in environmental R&D investments and the registration of green patents. Practical implications: The results will be useful for future studies on the subject and for practitioners making decisions on investments in collaborative R&D and its protection through industrial property in the form of green patents. The main determinants of eco-innovation analysed in this paper can be directly translated into practices because they provide information on how to strengthen these determinants in environmental R&D investments and the registration of green patents. Originality/value: Despite the popularity and potential impact of the eco-innovation on economy or society, it has fallen short in terms of its potential to improve financial performance in firms. This paper argues that the level of eco-innovation activity explains some variability in financial performance. In fact, those firms that have greater levels of innovation increase their performance.
Year of publication: |
2019
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Authors: | Scarpellini, Sabina ; Portillo-Tarragona, Pilar ; Marin-Vinuesa, Luz Maria |
Published in: |
Academia Revista Latinoamericana de Administración. - Emerald, ISSN 1012-8255, ZDB-ID 2401123-X. - Vol. 32.2019, 2 (24.07.), p. 225-243
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Publisher: |
Emerald |
Saved in:
Online Resource
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