Arbeitspapier
The impact of public procurement on financial barriers to green innovation: Evidence from the European Community Innovation Survey
The purpose of this study is to identify whether an innovative company's likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the demand-pull effect, may lower a company's funding constraints for innovation. We test this theory and apply extended probit models (eprobit) with treatment and selection to control for an omitted variable bias. Our findings indicate that the treatment effect of PP on the likelihood of facing financial constraints is highly significant and positive. The increased prefunding requirements that usually come along with PP may actually overcompensate the possibly constraint-reducing effects from a demand-pull or certification effect of PP. The treatment effect of PP is particularly strong for internal financial constraints backing the notion, that PP increases the need for upfront funding.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 2014
- Klassifikation
-
Wirtschaft
Corporate Finance and Governance: General
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Innovation and Invention: Processes and Incentives
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- Thema
-
public procurement
green public procurement
financial constraints
green innovation
sustainable finance
small and medium-sized enterprises
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schäfer, Dorothea
Stephan, Andreas
Fuhrmeister, Sören
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schäfer, Dorothea
- Stephan, Andreas
- Fuhrmeister, Sören
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2022
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