Arbeitspapier

Green investments and firm performance

This paper examines the impact of firms' green investments on a range of performance outcomes including the growth of output, employment, productivity, export intensity, and energy intensity. The analysis uses firm-level data from Ireland's industry sector over the period 2008-2016. To identify causal effects, a difference-in-difference propensity score matching is implemented. In addition to average effects across all firms, we identify and quantify heterogenous effects for different groups of firms. Our results indicate that in the medium-term green investments have positive and statistically significant effects on firms' performance. Taking into account firm heterogeneity, we find that the effects are stronger for firms which are larger, foreign-owned, more productive, and in low-tech industries. Taken together, this evidence suggests that environmental quality and firm performance go together.

Sprache
Englisch

Erschienen in
Series: ESRI Working Paper ; No. 672

Klassifikation
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Firm Performance: Size, Diversification, and Scope
Environmental Economics: General
Environmental Economics: Government Policy
Thema
Environmental policy
green investments
firm performance

Ereignis
Geistige Schöpfung
(wer)
Siedschlag, Iulia
Yan, Weijie
Ereignis
Veröffentlichung
(wer)
The Economic and Social Research Institute (ESRI)
(wo)
Dublin
(wann)
2020

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Siedschlag, Iulia
  • Yan, Weijie
  • The Economic and Social Research Institute (ESRI)

Entstanden

  • 2020

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