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Mix and match: what is the best R&D recipe for eco-innovation?
- Source :
- Industry & Innovation; Sep2024, Vol. 31 Issue 7, p896-921, 26p
- Publication Year :
- 2024
-
Abstract
- Eco-innovation is a complex activity that requires diverse knowledge and an extensive R&D and technology portfolio. This paper investigates the strategies employed by firms and the extent to which green and non-green R&D can influence eco-innovation. We address two research questions: Is investment in green R&D valuable and sufficient for successful eco-innovation? What types of investment are needed for eco-innovation? Our findings provide a better understanding of the mix of knowledge fields required for eco-innovation. To investigate internal firm R&D strategies we use unique data that allow us to identify the influence of the stocks of green and non-green R&D on eco-innovation and the importance of complementarity among specific R&D strategies and knowledge for eco-innovation. Our findings will be relevant for policymakers and firms, to promote investment in R&D to enable eco-innovation and ensure a quick transition to a green society. [ABSTRACT FROM AUTHOR]
- Subjects :
- SUSTAINABLE investing
RESEARCH questions
BIOTECHNOLOGY
BUSINESS enterprises
Subjects
Details
- Language :
- English
- ISSN :
- 13662716
- Volume :
- 31
- Issue :
- 7
- Database :
- Complementary Index
- Journal :
- Industry & Innovation
- Publication Type :
- Academic Journal
- Accession number :
- 179296948
- Full Text :
- https://doi.org/10.1080/13662716.2024.2359380