This table provides the estimates of the pooled OLS and random-effect regressions for 2011–2022. The dependent variable of interest is the environmental innovation score which reflects a company’s ability to reduce environmental costs and burdens for its customers while creating new market opportunities through the development of environmental technologies, processes or eco-designed products. Variables definitions are provided in Table 3. Robust standard errors (SE) are reported in parentheses. ***p < 0.01; **p < 0.05 and *p < 0.10