Environmental Innovations and Firm Profitability: Unmasking the Porter Hypothesis

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Beyond inducement in climate change: Does environmental performance spur environmental technologies? (2013, neutral): “Furthermore, higher levels of corruption reduce the stringency of an environmental policy (Damania et al., 2003), and Italy is one of the European countries performing worst in terms of controls of corruption 11 .”
The Impacts of Environmental Regulations on Competitiveness (2017, background): “This is because, over time, regulation-induced innovations that improve a firm’s resource efficiency in terms of material or energy consumption have a positive impact on profitability (Rexh€auser and Rammer 2014).”
Environmental Regulation and Sustainable Competitiveness: Evaluating the Role of Firm-Level Green Investments in the Context of the Porter Hypothesis (2018, neutral): “A third paper by Rexhäuser & Rammer (2014) addresses the effect of different types of innovations on firm performance (profits) by using data from an innovation survey for German firms that includes detailed information on firm characteristics.”
Do policy mix characteristics matter for low-carbon innovation? A survey-based exploration of renewable power generation technologies in Germany (2018, background): “While analysis of German CIS data on eco-innovation is abundant (Horbach et al., 2012; Rexhäuser and Rammer, 2014), dedicated company surveys addressing the link between policy and low-carbon innovation in the German energy sector are rare.”