Green foreign direct investments and the deepening of capabilities for sustainable innovation in multinationals: Insights from renewable energy

Vito Amendolagine, Rasmus Lema*, Roberta Rabellotti

*Corresponding author

Research output: Contribution to journalJournal articlepeer-review

23 Downloads (Pure)
Original languageEnglish
Article number127381
JournalJournal of Cleaner Production
Volume310
ISSN0959-6526
DOIs
Publication statusPublished - 10 Aug 2021

Bibliographical note

Funding Information:
This research was supported by Aalborg University ( AAU grant 771107 ).

Funding Information:
It is not surprising that GFDIs increase the sustainability-orientation of pure green players, that is MNEs focused specifically on environmental technologies. It confirms the idea that any type of FDI supports MNE innovativeness (Amendolagine et al., 2018). Since the pure players in our sample are focused on green innovation, this effect is expected. However, our finding that GFDIs increase the overall sustainability focus in multi-technology corporations, which constitute the bulk of our sample, is novel. In particular, we show that GFDIs increase green specialization in these firms. Given that the world's largest and most influential manufacturers are multi-technology firms, this insight is not trivial and is good news from a green transformation perspective. If large MNEs are increasingly focusing their innovation activities on making green technologies more efficient, affordable and accessible, their contribution to the green transformation will be remarkable.This research was supported by Aalborg University (AAU grant 771107).

Publisher Copyright:
© 2021

Keywords

  • Foreign direct investments
  • Global connectedness
  • Green innovation
  • Multinational enterprises
  • Renewable energy
  • Sustainability transition

Fingerprint

Dive into the research topics of 'Green foreign direct investments and the deepening of capabilities for sustainable innovation in multinationals: Insights from renewable energy'. Together they form a unique fingerprint.

Cite this