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Autre Publication Scientifique Année : 2024

Environmentally-Responsible Demand: Irresponsible Lobbying? *

Résumé

How do firms respond to rising environmental concerns of consumers? We investigate this question for the automotive industry in the US using a shift-share instrumental variable approach. We construct a novel dataset at the firm-level to instrument changes in household preferences with natural disasters. Our findings suggest that firms not only engage in cleaner innovation but also increase their lobbying on environmental topics. We show that the increase in environmental lobbying and clean patenting follow the same dynamics which points to a complementarity between the two strategies. These results can be understood as firms using lobbying to increase the value of clean patents: higher environmental standards tailored to the firm’s new clean technologies diminish the competition the firm faces.
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hal-04502992 , version 1 (13-03-2024)

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Paternité - Pas d'utilisation commerciale - Pas de modification

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  • HAL Id : hal-04502992 , version 1

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Olimpia Cutinelli Rendina, Sonja Dobkowitz, Antoine Mayerowitz. Environmentally-Responsible Demand: Irresponsible Lobbying? *. 2024. ⟨hal-04502992⟩
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