The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

The Economic Institutions of Capitalism

Open Innovation: The New Imperative for Creating and Profiting from Technology

What makes organizations so similar? We contend that the engine of rationalization and bureaucratization has moved from the competitive marketplace to the state and the professions. Once a set of organizations emerges as a field, a paradox arises: rational actors make their organizations increasingly similar as they try to change them. We describe three isomorphic processes-coercive, mimetic, and normative—leading to this outcome. We then specify hypotheses about the impact of resource centralization and dependency, goal ambiguity and technical uncertainty, and professionalization and structuration on isomorphic change. Finally, we suggest implications for theories of organizations and social change.

The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields (Chinese Translation)

Redesigning Social Inquiry Fuzzy Sets And Beyond

Historically, management theory has ignored the constraints imposed by the biophysical (natural) environment. Building upon resource-based theory, this article attempts to fill this void by proposing a natural-resource-based view of the firm—a theory of competitive advantage based upon the firm's relationship to the natural environment. It is composed of three interconnected strategies: pollution prevention, product stewardship, and sustainable development. Propositions are advanced for each of these strategies regarding key resource requirements and their contributions to sustained competitive advantage.

A natural resource-based view of the firm

Eco-innovation is still a young area of research; however it has been an area of increasing concern for policy makers, academics and practitioners. The aim of this paper is to provide an overview of the existing body of literature on eco-innovations, and identify the most relevant publications in the field and the topics of interest. We have carried out a review of previous literature based on a Scopus search and selecting the discipline “Social Sciences and Humanities”. The search offers us 384 articles. From their analysis, it can be observed that there is a clear increase in the relevance of this issue within academia and several thematic trends arise in eco-innovation research, with drivers of eco-innovation being the most popular. Our main theoretical contribution is the development of a multilevel framework of eco-innovation drivers, with our literature review having a specific focus on systematizing the findings of the studies within this theme.

Eco-innovation: insights from a literature review

Literature on diversity in organisations is limited and even fewer studies investigate its impact on innovation. Therefore, the aim of this research is to study how gender diversity within R&D teams, among other factors, impacts innovation, drawing on data from an innovation survey in Spain. Our findings support the assertion that gender diversity within R&D teams generates certain dynamics that foster novel solutions leading to radical innovation. The results indicate that gender diversity is positively related to radical innovation. However it does not promote incremental innovation in the same way. The positive relation occurs under particular conditions of the task (a higher degree of novelty), as the two types of innovation might require different skills for their effective performance. These results have several implications for academics, politicians and practitioners.

Gender diversity within R&D teams: its impact on radicalness of innovation

Firm technological trajectory as a driver of eco-innovation in young small and medium-sized enterprises

Many or trusted partners for eco-innovation? The influence of breadth and depth of firms' knowledge network in the food sector

There is increasing social and political awareness of the importance of developing environmental responsibility at a corporate level. When focusing on issues of responsibility, large companies are frequently perceived to be more responsible for driving climate change and resource depletion. However, small and medium enterprises (SMEs) contribute significantly to the use of resources such as material and energy and produce approximately 64% of the pollution in Europe. Drawing on evidence from “The Eurobarometer 381 Survey on SMEs, Resource Efficiency and Green Markets”, we analyze the environmental responsibility of European SMEs, studying their compliance with environmental legislation and how several factors drive environmental orientation among SMEs. Our sample consists of 3647 SMEs operating in 38 countries. Only around a fifth of the firms go beyond environmental regulations, showing the highest levels of environmental responsibility. We conduct OLS regressions to analyze the factors that affect a positive environmental attitude among European SMEs (internal drivers being more significant than external ones) and then, to observe the positive effect of environmental responsibility and firm’s experience in offering green services/products on performance, although a conjoint effect was not found. Implications for practitioners, academics, and policy-makers are outlined.

https://www.mdpi.com/2071-1050/8/9/898/pdf

Ángela González-Moreno

Papers

Eco-innovation: insights from a literature review

Gender diversity within R&D teams: its impact on radicalness of innovation

Firm technological trajectory as a driver of eco-innovation in young small and medium-sized enterprises

Many or trusted partners for eco-innovation? The influence of breadth and depth of firms' knowledge network in the food sector

Factors Promoting Environmental Responsibility in European SMEs: The Effect on Performance