Sectoral patterns versus firm-level heterogeneity - The dynamics of eco-innovation strategies in the automotive sector
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Sectoral patterns versus firm-level heterogeneity - The dynamics of eco-innovation strategies in the automotive sector. / Faria, Lourenço Galvão Diniz; Andersen, Maj Munch.
In: Technological Forecasting and Social Change, Vol. 117, 2017, p. 266-281.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Sectoral patterns versus firm-level heterogeneity - The dynamics of eco-innovation strategies in the automotive sector
AU - Faria, Lourenço Galvão Diniz
AU - Andersen, Maj Munch
PY - 2017
Y1 - 2017
N2 - This paper sheds light on some important but underestimated elements of green industrial dynamics: the evolution of firms' eco-innovation strategies and activities within a sector. While eco-innovation sectoral case studies have taken place before, our analysis is distinct in investigating the rate, direction and extent of eco-innovation in the automotive sector, represented here by the main automakers, in order to identify possibly sectoral-specific patterns in firms' strategies, as opposed to divergent strategic behaviors, grounded on evolutionary economic theory. We conduct a two-step empirical analysis using patent data from 1965 to 2012. Our findings suggest a process of co-evolution of firms' strategies and indicate that strong sectoral-specific patterns of eco-innovation are present in this sector from the mid-2000s onwards. For fuel cells technologies, however, we observe the formation of two antagonist patterns. A further econometric analysis is conducted and indicates that the positioning of the firms between these two groups is correlated with the firms' profit margins and the size of firms' patent portfolios.
AB - This paper sheds light on some important but underestimated elements of green industrial dynamics: the evolution of firms' eco-innovation strategies and activities within a sector. While eco-innovation sectoral case studies have taken place before, our analysis is distinct in investigating the rate, direction and extent of eco-innovation in the automotive sector, represented here by the main automakers, in order to identify possibly sectoral-specific patterns in firms' strategies, as opposed to divergent strategic behaviors, grounded on evolutionary economic theory. We conduct a two-step empirical analysis using patent data from 1965 to 2012. Our findings suggest a process of co-evolution of firms' strategies and indicate that strong sectoral-specific patterns of eco-innovation are present in this sector from the mid-2000s onwards. For fuel cells technologies, however, we observe the formation of two antagonist patterns. A further econometric analysis is conducted and indicates that the positioning of the firms between these two groups is correlated with the firms' profit margins and the size of firms' patent portfolios.
U2 - 10.1016/j.techfore.2016.11.018
DO - 10.1016/j.techfore.2016.11.018
M3 - Journal article
VL - 117
SP - 266
EP - 281
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
SN - 0040-1625
ER -
ID: 354036398