This paper examines, for the first time, the impact of firms’ pursuit of eco-innovation upon the failure of innovation projects. The empirical analysis employs propensity score matching to account for endogeneity and unobserved firm heterogeneity using Spanish firm-level data during the...

Summary In economically advanced countries, local knowledge spillovers (LKS) between agglomerated firms are seen as major drivers of regional innovation and growth. In contrast, innovation research focusing on developing countries has emphasized international linkages, and has largely neglected...