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Eco-Innovation in the Chemical Manufacturing Firms: Insights for Policy Response

Author

Listed:
  • J.S Keshminder

    (Faculty of Business and Management, Universiti Teknologi MARA, Puncak Alam Campus)

  • VGR Chandran

    (Department of Development Studies, Faculty of Economics and Administrationn University of Malaya)

Abstract

Designing effective policies to promote a firm’s eco-innovation activities require policy makers to have significant knowledge on current industrial practices and activities. This paper investigates the state of eco-innovation activities, namely process, product and organisational eco-innovation in the chemical industry and further unveils common characteristics of firms that eco-innovate. Data was collected from interviews and surveys of 97 chemical firms. The results suggest that a large percentage of firms are involved in process technology and organisational eco-innovation and most of the innovation are adoptions rather than creations. Likewise, a higher percentage of foreign firms are eco-innovative. Export destination seems to play no role in improving the likelihood of firms to eco-innovate. The evidence suggests that local environmental policies are instrumental in encouraging eco-innovation. Policy implications are further discussed.

Suggested Citation

  • J.S Keshminder & VGR Chandran, 2017. "Eco-Innovation in the Chemical Manufacturing Firms: Insights for Policy Response," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 9(1), pages 21-42, January.
    • Handle: RePEc:umk:journl:v:9:y:2017:i:1:p:21-42
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    Cited by:

    1. María del Carmen Galera-Quiles & Laura Piedra-Muñoz & Emilio Galdeano-Gómez & Angel Carreño-Ortega, 2021. "A Review of Eco-Innovations and Exports Interrelationship, with Special Reference to International Agrifood Supply Chains," Sustainability, MDPI, vol. 13(3), pages 1-21, January.

    More about this item

    Keywords

    Chemical industry; eco-innovation; environmental policy; sustainable manufacturing;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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