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Analysis of the determinants of market capitalisation: Innovation, climate change policies and business context

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Analysis of the determinants of market capitalisation: Innovation, climate change policies and business context

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dc.contributor.author Puertas Medina, Rosa María es_ES
dc.contributor.author Carracedo-Garnateo, Patricia es_ES
dc.contributor.author García Molla, Marta es_ES
dc.contributor.author Vega Carrero, Virginia es_ES
dc.date.accessioned 2023-06-26T18:01:24Z
dc.date.available 2023-06-26T18:01:24Z
dc.date.issued 2022-06 es_ES
dc.identifier.issn 0040-1625 es_ES
dc.identifier.uri http://hdl.handle.net/10251/194559
dc.description.abstract [EN] The issue of global warming is now on the agenda of all national governments. It is essential to understand the extent of the possible consequences of this scourge, which threatens all territories without exception. The growing need to curb global warming requires companies to adopt specific measures that can ultimately affect both their income statement and their public image. This research seeks to provide decision makers with valuable information that can guide policies aimed at mitigating climate change without damaging private investment. First, data envelopment analysis (DEA) is used to determine the efficiency of investments in research and development (R&D) made by the most innovative European companies. Second, a multilevel regression (MR) is run to analyse the impact that environmental policies, the business context and the efficiency of innovation exert on market capitalisation. The analysis focuses solely on European territory in 2019. The results reveal a pattern of behaviour by the countries and industries whose R&D spending has enabled them to optimise their output. In addition, the study identifies environmental measures that boost companies' share price, along with innovation, business confidence and the lifting of restrictions on foreign investment. es_ES
dc.language Inglés es_ES
dc.publisher Elsevier es_ES
dc.relation.ispartof Technological Forecasting and Social Change es_ES
dc.rights Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) es_ES
dc.subject Innovation es_ES
dc.subject Environmental policies es_ES
dc.subject DEA es_ES
dc.subject Multilevel regression es_ES
dc.subject Business context es_ES
dc.subject.classification ESTADISTICA E INVESTIGACION OPERATIVA es_ES
dc.subject.classification ECONOMIA, SOCIOLOGIA Y POLITICA AGRARIA es_ES
dc.subject.classification ECONOMIA APLICADA es_ES
dc.title Analysis of the determinants of market capitalisation: Innovation, climate change policies and business context es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1016/j.techfore.2022.121644 es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Facultad de Administración y Dirección de Empresas - Facultat d'Administració i Direcció d'Empreses es_ES
dc.contributor.affiliation Universitat Politècnica de València. Escuela Politécnica Superior de Alcoy - Escola Politècnica Superior d'Alcoi es_ES
dc.description.bibliographicCitation Puertas Medina, RM.; Carracedo-Garnateo, P.; García Molla, M.; Vega Carrero, V. (2022). Analysis of the determinants of market capitalisation: Innovation, climate change policies and business context. Technological Forecasting and Social Change. 179:1-8. https://doi.org/10.1016/j.techfore.2022.121644 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.1016/j.techfore.2022.121644 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 8 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 179 es_ES
dc.relation.pasarela S\460092 es_ES


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