Firm Voluntary Measures for Environmental Changes, Eco-Innovations and CSR: Empirical Analysis Based on Data Surveys
GATE Groupe d’Analyse et de Théorie Économique Lyon--‐St Étienne Working Paper No. WP 1322
20 Pages Posted: 25 Jun 2013 Last revised: 16 Jan 2014
Date Written: January 2014
Despite the increased strategic importance of environmental innovation on the one hand and corporate social responsibility on the other, there are still few studies that show firm voluntary measures create a primary determinant of environmental changes. First, we clarify the meaning of voluntary measures and CSR. Second, we utilize a survey carried out in Luxemburg on firm CSR practices jointly with the Community Innovation Survey 2008 (CIS 2008). We merge them and show through the estimation of a probit model that CSR is an important factor that explains environmental innovation. Thanks to a question from CIS 2008 we can contribute to the literature by developing a new indicator measuring the scale of the positive impacts on the environment coming from the firm technological innovation capacity. A negative binomial regression enables us to estimate a significant and positive effect of CSR and firm value on this scale.
Keywords: environmental innovation, corporate social responsibility, Community Innovation Survey 2008, innovation impacts on the environment
JEL Classification: D22, H23, L21, O31
Suggested Citation: Suggested Citation