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The Role of External Support on the Implementation of Resource Efficiency Actions: Evidence from European Manufacturing Firms
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Abstract This paper contributes to analyze the relationship between firms’ recourse to different types of external support and adoption of environmental sustainability practices. To this aim, we consider both direct financial support and indirect support, in the form of advice and consulting services, upon w... view more
This paper contributes to analyze the relationship between firms’ recourse to different types of external support and adoption of environmental sustainability practices. To this aim, we consider both direct financial support and indirect support, in the form of advice and consulting services, upon which the firm relies on in its efforts to be more resource efficient. The empirical analysis uses data on 6595 manufacturing firms from 35 European countries, taken from the third and fourth waves of the Flash Eurobarometer survey “Small and Medium Enterprises, Resource Efficiency and Green Markets”. Our empirical findings suggest that firms using external financing and external advice are more likely to implement greening investments and practices. Moreover, we provide strong empirical evidence that external support significantly contributes to increase the benefits from the adoption of resource efficiency actions in terms of production cost reduction. This study further contributes to the existing literature by highlighting the heterogenous effects of direct and indirect external support on the environmental sustainability actions of both SMEs and large firms.... view less
Keywords
Eurobarometer; manufacturing sector; enterprise; efficiency; sustainability; counseling
Classification
Ecology, Environment
Management Science
Free Keywords
external support; environmental practices; resource efficiency; sustainable entrepreneurship; firm size; ZA6648 v1.0.0: Flash Eurobarometer 426 (Small and Medium Enterprises, Resource Efficiency and Green Markets, wave 3); ZA6917 v1.0.0: Flash Eurobarometer 456 (Small and Medium Enterprises, Resource Efficiency and Green Markets, wave 4);
Document language
English
Publication Year
2021
Page/Pages
p. 1-21
Journal
Sustainability, 13 (2021) 17
Issue topic
Bank Management, Finance and Sustainability
DOI
https://doi.org/10.3390/su13179531
ISSN
2071-1050
Status
Published Version; peer reviewed