Utilities: Innovation and Sustainability
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http://hdl.handle.net/2183/37004
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Utilities: Innovation and SustainabilityAutor(es)
Data
2019Cita bibliográfica
Loredo, E., Lopez-Mielgo, N., Pineiro-Villaverde, G., & García-álvarez, M. T. (2019). Utilities: Innovation and sustainability. Sustainability (Switzerland), 11(4). https://doi.org/10.3390/SU11041085
Resumo
[Abstract]: Pro-market reforms have disrupted the playing field and strongly affected the innovative
behavior of electricity, gas and water utilities. Beyond a significant reduction in sectoral R&D
investments, very little is known about how these firms accomplish their innovation strategies
in this new scenario. Given this gap in the literature, the first aim of this paper is to identify
the internal determinants of both the product and process innovation of utilities in a liberalized
environment. Additionally, there is another external force that is also disrupting the specific
landscape of utilities: the sustainability challenge. Therefore, the second aim of this paper is
establishing whether sustainability-orientation is a driver of innovation in the utilities industries.
The empirical study is carried out on a panel of 82 Spanish electricity, gas and water utilities over the
period 2005–2012 (Technological Innovation Panel dataset (PITEC)). The main findings are: (i) the
acquisition of disembodied knowledge does not play a relevant role for utilities; (ii) non-formal
search processes are central to product innovation; (iii) some markets for technology –external
R&D and technology embedded in equipment—are determinant factors for process innovation;
(iv) sustainability orientation increases the likelihood of generating both, product and process
innovations. These firm-level results are novel contributions to the field of utility management.
Palabras chave
Utility
Electricity
Gas
Water
Liberalization
Innovation
Sustainability
PITEC
Electricity
Gas
Water
Liberalization
Innovation
Sustainability
PITEC
Versión do editor
Dereitos
Atribución 4.0 Internacional
ISSN
2071-1050