Forward-looking entrepreneurs drive firm creation. We hypothesize that more environmentally-conscious entrepreneurs will emerge as environmental awareness rises, increasing the number of green and energy firms. We test our prediction using Google trends data and a novel region-level data set from Italy. We find that not only the number of green and energy-innovative firms but also that of all innovative start-ups increases with rising environmental consciousness. Our results imply some "innovation spill-over" effects from green sectors to other industries with rising environmental awareness.
Environmental Awareness and Firm Creation
De Iudicibus Alessandro;Spagnolo Nicola
2023
Abstract
Forward-looking entrepreneurs drive firm creation. We hypothesize that more environmentally-conscious entrepreneurs will emerge as environmental awareness rises, increasing the number of green and energy firms. We test our prediction using Google trends data and a novel region-level data set from Italy. We find that not only the number of green and energy-innovative firms but also that of all innovative start-ups increases with rising environmental consciousness. Our results imply some "innovation spill-over" effects from green sectors to other industries with rising environmental awareness.File in questo prodotto:
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