Last modified: 2018-09-14
Abstract
This paper aims to examine the similarities between innovative companies in the Engineering and the Electrotechnical industry in the Czech Republic. The main question is whether R & D spending in companies with eco-innovation leads to a rise in turnover even in a short period of time. The paper uses the Burea Van Dijk database – Amadeus as a data source. This data source includes 186 large enterprises with information on employee’s numbers, turnover, sector affiliation and R & D expenditure. A binomial test of statistical significance was used for the comparison of the two groups of companies. The authors find that approximately one-third of enterprises record revenue slump. There was no statistically significant difference at the level of significance α = 0,05 between the shares of enterprises with eco-innovations that showed a decrease in turnover.