Green investments, training costs and performance-related pay: Are small and medium-large firms different?

Author(s)
Damiani, Mirella
Pompei, Fabrizio
Quatraro, Francesco
Date Issued
July 24, 2024
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Incentivi salariali

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Abstract
This paper analyzes the effect of green investment on workplace training and performance-related pay in small businesses. At this aim, we take advantage of microdata from a large representative survey of Italian firms. Using different econometrics models, we find the following results. First, the amount of expenditures on green technologies increases the probability of Performance-related pay especially in firms with more than 50 employees, even though a positive effect is also found in small firms. Conversely, green expenditures significantly increase the amount of training investment in small firms, while no effect is found in larger ones. Further, we show that different green technologies influence performance-related pay and training investments according to the firm size. These findings are robust to unobserved heterogeneity and endogeneity concerns. Finally, we discuss policy implications.
Citation
Damiani M., Pompei F., Quatraro F., Ricci A. (2024), Green investments, training costs and performance-related pay: Are small and medium-large firms different?, Roma, Inapp, WP, 123 <https://oa.inapp.gov.it/handle/20.500.12916/4360>
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