Green tangible investment strategies and export performance: A firm-level investigation

被引:54
作者
Antonietti, Roberto [1 ]
Marzucchi, Alberto [2 ,3 ]
机构
[1] Univ Padua, Dept Econ & Management Marco Fanno, I-35123 Padua, Italy
[2] Catholic Univ Milan, Dept Int Econ Inst & Dev DISEIS, Milan, Italy
[3] Univ Politecn Valencia, CSIC, INGENIO, E-46071 Valencia, Spain
关键词
Green tangible investment strategy; Total Factor Productivity; Export; Firm heterogeneity; CORPORATE SOCIAL-RESPONSIBILITY; ENVIRONMENTAL-REGULATION; PRODUCTIVITY GROWTH; TECHNOLOGICAL-CHANGE; EMPIRICAL-ANALYSIS; INNOVATION; TRADE; MANAGEMENT; POLLUTION; IMPACT;
D O I
10.1016/j.ecolecon.2014.10.017
中图分类号
Q14 [生态学(生物生态学)];
学科分类号
071012 ; 0713 ;
摘要
In this paper we empirically investigate the relationship between investments in environmentally oriented equipment and firms' export performance. We adopt a two-stage model where we first estimate the impact of green tangible investment strategies (GTIS) on the level of productive efficiency ( and then assess whether induced productivity influences the propensity and the intensity of exports. We rely on a rich firm-level dataset on Italian manufacturing. Our results show that firms with higher productivity, induced among other factors by green investments combining environmental and increased revenue objectives, achieve a higher export performance. In particular, GTIS-enhanced TFP affects the probability of exporting in foreign markets characterized by more stringent environmental regulation. Our evidence supports a 'green-based' firm heterogeneity argument. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码:150 / 161
页数:12
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