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Relations (1)
related 2.81 — strongly supporting 6 facts
Enterprise patents are positively linked to sustainability as they incentivize R&D for environmental solutions [1], with empirical studies confirming this correlation across both Asian and European developing economies {fact:1, fact:2, fact:6}. While their impact is noted, it is often compared to other factors like green finance {fact:4, fact:5}.
Facts (6)
Sources
Sustainability through business model innovation and climate ... nature.com 6 facts
measurementIn Asian developing economies, a 1% rise in enterprise patents leads to a 0.18% increase in sustainability, while in European developing economies, a 1% rise in enterprise patents leads to a 0.26% increase in sustainability.
claimThe impact of green finance and enterprise patents on sustainability is more substantial for European developing economies compared to Asian developing economies, attributed to Europe's more sophisticated financial market and knowledge-based economic structure.
claimEnterprise patents promote sustainability by incentivizing businesses to invest in research and development (R&D) activities aimed at developing new technologies and solutions that address environmental challenges, such as renewable energy, waste management, and resource efficiency.
claimA robustness analysis using Dynamic OLS (DOLS) confirmed the positive impacts of green finance value and enterprise patents on sustainability in both Asian and European developing economies.
claimIn developing economies, the influence of enterprise patents on sustainability is less significant than the influence of the green finance market.
measurementIn Asian developing economies, a 1% rise in enterprise patents correlates with a 0.18% increase in sustainability, while in European developing economies, a 1% rise correlates with a 0.26% increase.