Environmental innovation and its impact on economic and environmental performance: Evidence from Korean-owned firms in China

Long, Xingle; Chen, Yaqiong; Du, Jianguo; Oh, Keun-Yeob; Han, InSoo

doi:10.1016/j.enpol.2017.04.044

Cited by 167 publications

(112 citation statements)

References 23 publications

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“…This finding is consistent with the previous studies [6,7,10,22,26,33,36,70], which asserted that environmental innovation would improves financial performance significantly.…”

Section: Environmental Innovation and Financial Performancesupporting

confidence: 93%

“…The findings of this study consistent with the previous researches [3,4,11,[25][26][27]32] which has proven that environmental performance improves financial performance. However, the result contradicts with some other findings which demonstrated negative association between environmental performance and financial performance [30,31,[67][68][69].…”

Section: Environmental Performance and Financial Performancesupporting

confidence: 92%

“…As underpinned by the NRBV theories [12,13], the implementation of environmental strategies will help to improve productivities and lower operational costs as a result of innovations in environmental protections, which in turn improves financial performance. Numerous empirical studies have proven the positive relationship between environmental performance and firm's performance [3,4,25,26]. Similarly, longitudinal design studies concluded that environmental performance was positively associated with financial performance [4,27,28].…”

Section: Environmental Performance and Financial Performancementioning

confidence: 98%

“…Innovation research studies have largely postulated environmental innovation as a core antecedent of firms' financial performance [6,7,26,33]. Environmental innovation contributes to the improvement of financial performance in two manners: (1) firms equipped with higher level of environmental innovation are more likely to realize their competitive benefits in the form of innovative products, improved manufacturing and operational processes, and lower operational costs [34,35]; and (2) these firms can differentiate themselves from their competitors, create legitimacy and reputation, thereby increase their total revenues [34,35].…”

Section: Environmental Innovation and Financial Performancementioning

confidence: 99%

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Environmental Innovation, Environmental Performance and Financial Performance: Evidence from Malaysian Environmental Proactive Firms

et al. 2019

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：This study is aimed to investigate the relationship between environmental performance, environmental innovation, and financial performance of firms. A total of 124 responses were collected from managers of manufacturers certified by ISO 14001 EMS in Malaysia, and the data was subjected to a structural equation analysis using the Smart PLS version 3.2.7 software. The results have endorsed environmental competitive capabilities i.e. environmental innovation and environmental performance as the key enablers for the creation of economic values for environmental proactive manufacturing firms. Moreover, environmental innovation is also found to be the mediator that transforms the benefits of environmental performance into financial performance.

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“…This finding is consistent with the previous studies [6,7,10,22,26,33,36,70], which asserted that environmental innovation would improves financial performance significantly.…”

Section: Environmental Innovation and Financial Performancesupporting

confidence: 93%

Section: Environmental Performance and Financial Performancesupporting

confidence: 92%

Section: Environmental Performance and Financial Performancementioning

confidence: 98%

Section: Environmental Innovation and Financial Performancementioning

confidence: 99%

See 2 more Smart Citations

Environmental Innovation, Environmental Performance and Financial Performance: Evidence from Malaysian Environmental Proactive Firms

et al. 2019

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“…Baron and Tang (2011) [16] showed that firms that invest positively in environmental technologies and green product innovation and applications always achieve better environmental and business performance. Similarly, Long et al (2017) [17] revealed environmental innovation behaviours have significantly positive impact on both economics and environmental performance of Korean-owned firms in China.…”

Section: Technological Innovation and Green Growth Performancementioning

confidence: 98%

The effects of environmental regulation and technological innovation on green growth: A theoretical analysis

Wang

Chen

2018

E3S Web Conf.

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As green growth has attracted a great deal of attention due to the growing concern about the degradation of natural resources and environmental pollution in China, the questions of how to achieve it and which factors drive green growth have become hot topics. Environmental regulation and technological innovation are two main fulcrums in the realization of green growth. However, there is lacking a deeper understanding of the impact of environmental regulation and technological innovation on green growth in a methodological framework. Accordingly, this paper attempts to analyze how these factors affect the implementation of green growth in a model. The findings reveal that (1) in the short term, environmental regulation has inhibited green growth, but has a positive impact on green growth in the long run, (2) technological innovation plays a positive role in green growth improvement, and (3) the causality chain among regulation, technological innovation, and green growth is a typical mediation model. Technological innovation plays an important mediation role in the causal chain. This study not only enriches and deepens theories on green growth, but also successfully implements green growth practices and improve their performance.

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How environmental innovation influences firm performance: A meta‐analytic review

2020

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Coupled with the increasing concern toward sustainability and sustainable development issues, environmental innovation practices have been of burgeoning interest among both scholars and practitioners. Building on this, the main purpose of this study is to quantitatively aggregate the extant empirical research on eco‐innovation and firm performance and to assess the role of moderating factors in this theoretical relationship by pursuing a meta‐analytic approach. To serve this objective, 196 effects based upon 70 studies including more than 25,000 firms (N = 25,412) were meta‐analytically examined. Quantitative evidence drawn from the meta‐analysis indicates that organizational eco‐innovation exerts the strongest influence on firm performance. Moreover, the meta‐analytic findings suggest that significant variations in the correlation between eco‐innovation and firm performance exist across different performance types, and the magnitude of the eco‐innovation–firm performance association is stronger in developing compared with developed countries. This meta‐analytic review is expected to considerably contribute to the pertinent literature by means of improving the understanding of the relevance of eco‐innovation typology to firm performance.

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Environmental innovation and its impact on economic and environmental performance: Evidence from Korean-owned firms in China

Cited by 167 publications

References 23 publications

Environmental Innovation, Environmental Performance and Financial Performance: Evidence from Malaysian Environmental Proactive Firms

Environmental Innovation, Environmental Performance and Financial Performance: Evidence from Malaysian Environmental Proactive Firms

The effects of environmental regulation and technological innovation on green growth: A theoretical analysis

How environmental innovation influences firm performance: A meta‐analytic review

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