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Green technological diversification of European ICT firms: a patent-based analysis

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  • Nicoletta Corrocher
  • Muge Ozman

Abstract

This paper investigates whether and how diversified firms in the Information and Communication Technology (ICT) sector innovate in green technologies and assess the potential impact of these innovations on firm performance. The analysis relies on a balanced panel dataset of European ICT firms in the period 2009–2013. The results suggest an inverted u-shaped relationship between the extent of technological diversification and the likelihood to develop green technologies. Technological diversification generally increases the likelihood of green innovations, but too high a dispersion of resources across a large variety of different technologies decreases the intensity of green innovations. The results show also that the development of green technologies is positively associated with firm performance: ICT firms involved in green patenting activity perform better than ICT firms with no green patents.

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  • Nicoletta Corrocher & Muge Ozman, 2020. "Green technological diversification of European ICT firms: a patent-based analysis," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 29(6), pages 559-581, August.
    • Handle: RePEc:taf:ecinnt:v:29:y:2020:i:6:p:559-581
    DOI: 10.1080/10438599.2019.1645989
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    Cited by:

    1. Andreasson, Martin & Karabag, Solmaz Filiz & Simonsson, Johan & Agarwal, Girish, 2024. "Dynamics of related and unrelated digital diversification in established firms: Strategies, programs, process, and outcomes," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    2. Mirza, Nawazish & Umar, Muhammad & Horobet, Alexandra & Boubaker, Sabri, 2024. "Effects of climate change and technological capex on credit risk cycles in the European Union," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    3. Kim, Yeong Jae, 2022. "The countervailing effects of stocks of knowledge on low-carbon innovation through international collaboration," Energy Policy, Elsevier, vol. 170(C).
    4. Jong-Wan Bae & Sang-Joon Kim, 2022. "How Do Active Firms Implementing Corporate Environmental Responsibility Take Technological Approaches to Environmental Issues? A Resource-Allocation Perspective," Sustainability, MDPI, vol. 14(14), pages 1-13, July.
    5. Li, Yaya & Zhu, Zhu & Guan, Yefeng & Kang, Yanfang, 2022. "Research on the structural features and influence mechanism of the green ICT transnational cooperation network," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 734-749.
    6. Maria Tsouri & Ron Boschma, 2024. "The importance of science for the development of new PV technologies in European regions," Papers in Evolutionary Economic Geography (PEEG) 2410, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2024.
    7. Santoalha, Artur & Consoli, Davide & Castellacci, Fulvio, 2021. "Digital skills, relatedness and green diversification: A study of European regions," Research Policy, Elsevier, vol. 50(9).

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