The Influence of State‐Ownership on Eco‐Innovations in Russian Manufacturing Firms
This paper studies drivers for eco-innovation in Russian manufacturing ﬁrms on a sample of 2,212 innovative ﬁrms, of which over 600 introduced eco-innovations. The companies in our sample speciﬁcally mention environmental regulation as a reason for engaging in eco-innovations. Furthermore, we show that those ﬁrms who engage in eco-innovations are motivated even stronger by the desire to increase resource efﬁciency. Companies under state ownership are especially prone to a higher likelihood to invest. We conclude that regulations are mostly relevant to the late comers who are obliged to follow minimum standards. On the other hand, the state uses its controlling inﬂuence to press companies under their control to exceed these minimum standards. Thus, we argue, state ownership does indeed have an inﬂuence on both the likelihood to eco-innovate and on the levels of spending. Eco-innovative state-owned companies are only prone to invest in eco-innovations, if they get additional money.