Page 149 - Hojnik, Jana. 2017. In Persuit of Eco-innovation. Drivers and Consequences of Eco-innovation at Firm Level. Koper: University of Primorska Press
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Results 149

(12.1%) of companies reported between 400,000-800,000 EUR of annual
sales in 2013. Moreover, 29 (13%) companies reported between 800,000-
1,600,000 EUR of annual sales in 2013, followed by 41 (18.4%) compa-
nies that reported between 1,600,000-4,000,000 EUR; lastly, 46 (20.6%)
of companies reported between 4,000,000 and 20,000,000 EUR of sales
in 2013.

Table 19 shows also the firm age of the analyzed companies. We can
see that the majority of companies included in our sample are between 21
and 50 years old (78 companies; 35%), followed by 62 companies (27.6%)
that are more than 50 years old and 52 companies (23.3%) that are be-
tween 11 and 20 years old. Additionally, 20 companies (9%) have be-
tween 6 and 10 years, followed by 9 companies (4%) that are between 2
and 5 years old and only 2 companies (0.9%) that are less than 2 years old.

Table 19: Sample characteristics

Number of companies Percent

Firm size (number of employees) 23.3%
30.5%
0-9 employees 52 12.1%
10-49 employees 68 13.0%
50-100 employees 27 7.6%
101-249 employees 29 6.7%
250-500 employees 17 6.7%
501-1000 employees 15
More than 1000 employees 15 12.1%
12.1%
Firm size (annual sales in 2013) 13.0%
18.4%
400,000 EUR or less 27 20.6%
Between 400,000-800,000 EUR 27 23.8%
Between 800,000-1,600,000 EUR 29
Between 1,600,000-4,000,000 EUR 41 0.9%
Between 4,000,000 and 20,000,000 EUR 46 4%
Above 20,000,000 EUR 53 9%
Firm age 23.3%
Less than 2 years 2
Between 2-5 years 9
Between 6-10 years 20
Between 11-20 years 52
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