Heterogeneity of Green Investments, Firms' Sales, and Wages: Italian Evidence on Circular Economy, Resource‐Saving, and Energy Efficiency Investments

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-05-08 DOI:10.1002/bse.4328

F. Quatraro, A. Ricci

引用次数: 0

Abstract

This paper analyses the relationship between firms' investment in green technologies and competitive performance. We take advantage of new data on the adoption of different green technologies (circular economy, technical advancements, energy savings, and efficiency gains) from a large representative sample of Italian firms. We find the following results. First, overall green investment increases the sales per employee and average wages. Second, we show a significant heterogeneity in the estimated effect across different green technologies. These results are robust to different checks, accounting for a large set of observed characteristics, time‐invariant unobserved heterogeneity and endogeneity issues. In sum, our results support the hypothesis that the ongoing ecological transformation of productive processes may favor firms' competitiveness, but substantial heterogeneity still matters. The policy implications are then discussed.

查看原文本刊更多论文

绿色投资、企业销售和工资的异质性：意大利关于循环经济、资源节约和能源效率投资的证据

本文分析了企业绿色技术投资与竞争绩效之间的关系。我们利用了来自意大利公司的大量代表性样本的关于采用不同绿色技术（循环经济、技术进步、节能和效率提高）的新数据。我们得到以下结果。首先，整体绿色投资增加了员工人均销售额和平均工资。其次，我们在不同绿色技术的估计效果中显示出显著的异质性。这些结果对不同的检查是稳健的，考虑到大量观察到的特征，时间不变的未观察到的异质性和内生性问题。总之，我们的研究结果支持这样的假设，即生产过程的持续生态转型可能有利于企业的竞争力，但实质性的异质性仍然很重要。然后讨论政策影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.