Firms, Finance and Sustainable Transitions
The Financial Constraints of Eco-Innovation Companies
Edgardo Sica
Chapter 5: Financial constraints and incremental eco-innovations: insights from manufacturing companies
The Financial Constraints of Eco-Innovation Companies
Edgardo Sica
Extract
This chapter reports the results achieved from the implementation of a survey specifically designed to investigate the financial constraints of eco-innovative companies at regime level. Specifically, it analyses the extent to which financial constraints can prevent the creation of favourable conditions in the socio-technical regime by hampering the development and/or adoption of incremental EIs. The survey was administrated to a sample of English and Italian manufacturing companies. The comparative analysis between these two countries represents an interesting case study due to the opposing configuration of their FS in terms of patterns of industrial finance, corporate governance system, financial sector, predominant system of business coordination and organisation and legal framework.
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