Does activity sector matter for the relationship between eco-innovation and performance? Implications for cleaner production

Alós-Simó, Lirios; Verdú‐Jover, Antonio J.; Gómez-Gras, José María

doi:10.1016/j.jclepro.2020.121544

Cited by 39 publications

(34 citation statements)

References 89 publications

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“…The study of the effect of eco-innovation on financial performance has received considerable attention in the literature, although empirical results are not conclusive existing two opposite trends (Przychodzen and Przychodzen 2015;Alos-Simo et al 2020;Oh et al 2020). The majority of empirical evidence documents a positive association between eco-innovation and financial performance (Hojnik et al 2018).…”

Section: Environmental Innovation and Financial Performancementioning

confidence: 99%

Is It Necessary to Centralize Power in the CEO to Ensure Environmental Innovation?

Guzmán

Frías-Aceituno

2021

Administrative Sciences

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Using data from a sample of 4863 international firms corresponding to the period 2002–2017, this paper examines the role that chief executive officer (CEO) power plays in environmental innovation and the impact that these strategies have on financial performance. Both issues have been the subject of considerable debate in the literature, with opposite views and contradictory findings. The results indicate that investing in environmental innovations related to the use of clean technologies, ecological production processes, and the design, manufacture and commercialization of environmentally sustainable products requires that CEOs have a greater degree of power in order to support projects that do not entail a higher return in the short and medium terms. Additionally, the results show that the negative economic effect of eco-innovation reverses in the fourth and fifth years after environmental innovations were implemented. Thus, this study supports the view regarding a “bright side” of CEO power with regard to corporate sustainability.

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Section: Environmental Innovation and Financial Performancementioning

confidence: 99%

Is It Necessary to Centralize Power in the CEO to Ensure Environmental Innovation?

Guzmán

Frías-Aceituno

2021

Administrative Sciences

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“…As efficaciously observed by Alos-Simo, Verdu-Jover and Gomez-Gras [5] (p. 3), ecoinnovations can be considered as "'win-win' strategy, that benefits both the business and the environment" [6], "a key tool for the organization's long-term survival" [7], "an important key to growth [8] that improves the firm's reputation and market position" [9].…”

Section: Introductionmentioning

confidence: 99%

Teleworking as an Eco-Innovation for Sustainable Development: Assessing Collective Perceptions during COVID-19

Loia

Adinolfi

2021

Sustainability

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Due to the spread of COVID-19, new challenges and opportunities for business innovation have emerged, including the way work is organized and designed. In particular, pandemic created the conditions for the most extensive mass teleworking experiment in history. While there is a wide literature on the effects of teleworking as a business innovation, mainly from an environmental perspective, there are few studies investigating the public perceptions regarding teleworking and, in particular, studies that draw from social media analyses. Based on these considerations, a big data analysis has been carried out in order to frame the public perceptions about teleworking on Twitter. The six-months sentiment analysis of about 11,000 tweets shows that the ecological value of telework is not perceived by people; surprisingly, in a pandemic context of growing ecological concern, there is no significant evidence of environmental awareness in relation to teleworking. However, the positive and negative concepts which emerge in relation to teleworking and similar terms can be assimilated to the benefits and pitfalls highlighted in the literature, which are related to economic or social sustainability. This has important implications for practice in organizations employing teleworking, which are highlighted in the conclusion, together with the limitations and future research avenues.

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“…A possible explanation could be the use of different proxies of firm performance (e.g., ROI, profitability, operating profit). In this sense, as Alos-Simo et al (2020) point out, these measures may be strongly linked to financial data, which can disrupt the relationship, and, consequently, they do not provide a solid measure of the impact of eco-innovation on firm performance. We use sales growth to quantify the economic impact of eco-product innovations, a measure the reflects "the main link between eco-innovation and (firm) growth [ .…”

Section: Introductionmentioning

confidence: 99%

“…However, while prior studies have been focused on a single country (Cheng et al 2014;Hojnik and Ruzzier 2016;Oh et al 2020;Alos-Simo et al 2020), a reduced number of countries (Plouffe et al 2011;Colombelli et al 2019) or a specific sector (Kim et al 2019), we adopt a broader approach encompassing several countries and activity sectors. This allows us to analyze data from 5931 international companies, which contributes to the generalization of the findings.…”

Section: Introductionmentioning

confidence: 99%

Do Consumers Value Environmental Innovation in Product?

Aibar‐Guzmán

Rodríguez

2021

Administrative Sciences

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Customers are considered to be major stakeholders whose demands and preferences have a strong influence on corporate strategies. In this sense, increased consumer environmental awareness has led to a growing demand for environmentally friendly products which, in turn, has compelled firms to adopt innovative forms of integrating environmental protection into product development and production processes. Nevertheless, an “attitude–behavior gap” has been witnessed, which implies that consumers’ environmental attitudes do not always translate into an actual ecologically compatible purchasing behavior and, consequently, eco-product innovations will not necessarily entail a positive economic impact for companies. This paper aims to analyze if the companies that invest in eco-product innovation are valued by consumers, showing higher growth. Specifically, we propose that eco-product innovation has a positive effect on a firm’s sales growth. Additionally, we aim to analyze the consumers’ preferences in relation to eco-product innovations considering two alternative approaches that companies can follow in this respect: eco-design and products with ecological use. The results obtained for an unbalanced sample of 5391 international companies corresponding to the period 2002–2017 (51,666 observations) show that proactive environmental innovation strategies are positively valued by consumers, having a positive impact on the companies’ sales growth. Furthermore, consumers show a greater preference for environmental innovations in eco-design than for products with ecological use.

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Does activity sector matter for the relationship between eco-innovation and performance? Implications for cleaner production

Cited by 39 publications

References 89 publications

Is It Necessary to Centralize Power in the CEO to Ensure Environmental Innovation?

Is It Necessary to Centralize Power in the CEO to Ensure Environmental Innovation?

Teleworking as an Eco-Innovation for Sustainable Development: Assessing Collective Perceptions during COVID-19

Do Consumers Value Environmental Innovation in Product?

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