A new insight into environmental innovation: Does the maturity of environmental management systems matter?

Emiko Inoue, Toshihide Arimura, Makiko Nakano

    Research output: Contribution to journalArticle

    32 Citations (Scopus)

    Abstract

    Technological innovation has recently become more essential than ever. To examine the factors that might induce environmental technological innovation, we focus on ISO 14001, a voluntary approach to environmental management, and scrutinise how the proficiency or maturity level of ISO 14001 in facilities influences environment-related research and development (R&D) expenditures that promote environmental technological innovation. We measure the maturity level based on the length of time since a given facility adopted ISO 14001. Using Japanese facility-level data from "Environmental Policy Tools and Firm-Level Management and Practices: An International Survey" (OECD Survey), we estimate two Tobit models by addressing an endogeneity issue in ISO 14001. The estimation results provide empirical evidence that as the ISO 14001 is improved in facilities, those facilities are likely to spend more on environmental R&D. The facility age and market concentration also positively affect environmental R&D. These findings suggest that the maturity level of ISO 14001 is an important factor influencing the investment in environmental R&D.

    Original languageEnglish
    Pages (from-to)156-163
    Number of pages8
    JournalEcological Economics
    Volume94
    DOIs
    Publication statusPublished - 2013 Oct

    Fingerprint

    environmental management
    innovation
    voluntary approach
    OECD
    research and development
    environmental policy
    expenditure
    market
    Environmental innovation
    Environmental management system
    Maturity
    Maturity level
    Technological innovation
    firm

    Keywords

    • Endogeneity
    • Environmental innovation
    • Environmental R&D
    • ISO 14001
    • Porter Hypothesis
    • Voluntary action

    ASJC Scopus subject areas

    • Economics and Econometrics
    • Environmental Science(all)

    Cite this

    A new insight into environmental innovation : Does the maturity of environmental management systems matter? / Inoue, Emiko; Arimura, Toshihide; Nakano, Makiko.

    In: Ecological Economics, Vol. 94, 10.2013, p. 156-163.

    Research output: Contribution to journalArticle

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