The influence of environmental regulations on corporate innovation processes in Slovakia
The paper examines the relationship between environmental regulations and innovation processes in Slovak enterprises. The theoretical part is based on concepts of environmental policy, its instruments, environmental management and eco-innovation. The paper assumes that environmental regulations may function not only as constraints but also as stimuli for technological, process, product and ecological innovations. The empirical part is based on a questionnaire survey conducted among 121 enterprises operating in Slovakia. The results indicate that environmental regulations and environmental protection requirements influence business innovation processes, but they are not the only or dominant motive for innovation. Firms innovate more often due to social responsibility, economic efficiency, general legislative requirements and cost reduction. At the same time, the main barriers to innovation are high costs, complicated legislation and insufficient state support. The paper highlights the need for a more comprehensible regulatory framework, wider use of environmental management systems and stronger support for eco-innovation.