Friends or foes? A systematic literature review and meta‐analysis of the relationship between eco‐innovation and firm performance

Li, Zheng; Iatridis, Konstantinos

doi:10.1002/bse.2986

Cited by 54 publications

(20 citation statements)

References 134 publications

(162 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…, 2019; Larbi-Siaw et al. , 2022; Zheng and Iatridis, 2022). From the perspective of inhibition orientation, however, suggest that green activities would increase firms' operating costs and R&D investment in the short term, which in turn has a negative impact on economic performance (Huang and Li, 2017a; Zhang et al.…”

Section: Discussionmentioning

confidence: 99%

“…The literature is divided into two streams: promotion view or inhibition view. From the perspective of promotion orientation, green behavior could help to make contribution to unique competitive edge, thereby increasing earnings (Fernando et al, 2019;Larbi-Siaw et al, 2022;Zheng and Iatridis, 2022). From the perspective of inhibition orientation, however, suggest that green activities would increase firms' operating costs and R&D investment in the short term, which in turn has a negative impact on economic performance (Huang and Li, 2017a;Zhang et al, 2019).…”

Section: Contributions To Understanding Green Research Intensitymentioning

confidence: 99%

See 1 more Smart Citation

Green research intensity and diversified performance: the moderating role of environmental regulation

Nie

Gong

Lai

2022

EJIM

View full text Add to dashboard Cite

PurposeWhile implementing green innovation-driven strategies when facing growing grim environmental problems and the realistic demands of achieving high-quality development is increasingly urgent, changing abruptly is inevitably detrimental to the smooth functioning of social and economic development. Restrained by resources, innovation-driven strategy is a huge strategy for an organization to shift from traditional technological innovation to green innovation. Supports and implementation in green technology investment would necessarily crowd out other business investment and lead to reduction of innovation outputs and mount of financial uncertainty. Under the guidance of harmonious balance, the equilibrium allocation between green research and non-green counterpart is badly needed to be addressed for decision-makers inside and outside the organizations. The differentiated inputs of them would lead to different effects on organizational performance in practice.Design/methodology/approachThe authors first conducted a Hausman test on green research intensity (GRI) and innovation performance, economic performance, social performance, and environmental performance, respectively. Adopting the fixed effects model for estimation seems accurate, if there is no significant heteroscedasticity shown in the BP test. The authors then adopted the least square dummy variable method to handle individual heterogeneity (Xia et al., 2020). After controlling the industry effect and time effect simultaneously, the results were consistent with that of fixed effects model, thereby eliminating the impact of heteroscedasticity.FindingsThe authors construct a multi-dimensional performance system—innovation performance, economic performance, social performance, and environmental performance—to probe into the influence of GRI from the resource-based view and allocation theory. Different performance does not benefit equally from increasing the intensity of green research. Performance increase may squeeze out the quantity of total innovation but can compensate quality for knowledge spillovers of green technology. The organization's growth and long-term value may be beneficial from the increase, but not the short-term financial performance. While the relationship between GRI and social performance has the characteristic of reverse U-curve, there has to be some scale of green research to gain considerable and nonlinear environmental performance. Low level of green research may increase pollution until green research has cross over the inflection point. These relationships are intensely moderated by the environmental regulation.Research limitations/implicationsBecause of the focus of this study is on the organizational performance of green research, the analysis comes with some limitations that should be addressed in future research. Data were inter-professional, with large enterprises and small businesses innovating green technology at the same time. Though the hypotheses presented here were grounded in existing theoretical rationale, the generality of this study cannot be assumed. Multi-performance of green activities in small- and medium-sized businesses should be further explored. Additionally, concrete index of the corresponding evaluation system constructed here contribute more to practical activities of green innovation. Refinement of synergy performance index is the task for future work. Further, grounded in Chinese context, the authors' results could be compared with other scenario with institutional heterogeneity to provide detailed evidences for institutional theory. Future studies could also move forward to longitudinal case study to delicately investigate the performance differentiation of green research when in different development stage.Originality/valueFirst, what and how the authors do is novel as the authors use listed Chinese manufacturing companies to probe into the complex relationship between GRI and multiple performance rather than discussing the performance of green innovation input from a single perspective merely. Second, the authors systematically define the performance as economic performance, environmental performance, social performance and innovation performance in depth, which consider adequately the tangible and intangible value as well as internal and external benefits of green research. And finally, in the context of environmental regulation, the study discusses the differentiation of the increase of green research intensity from the perspective of resource constraints, providing reference for optimizing the resource allocation in green and non-green research and solving the decoupling between earnest social appeal and sluggish or reluctant green behaviors.

show abstract

Section: Discussionmentioning

confidence: 99%

Section: Contributions To Understanding Green Research Intensitymentioning

confidence: 99%

Green research intensity and diversified performance: the moderating role of environmental regulation

Nie

Gong

Lai

2022

EJIM

View full text Add to dashboard Cite

show abstract

“…Therefore, it is essential to figure out banking performance through the adoption of GR-banking practices by banks. Literature divided organizational performance or firm performance into three categories, that is, environmental performance, operational performance and financial performance (Zhang & Yang, 2016; Zheng & Iatridis, 2022). Future studies related to GR-banking adoption or intention should consider banking performance.…”

Section: Findings and Recommendationsmentioning

confidence: 99%

Systematic Review of Green Banking Adoption: Following PRISMA Protocols

Aslam

Jawaid

2023

IIM Kozhikode Society & Management Review

View full text Add to dashboard Cite

Increased environmental concerns have prompted organizations, businesses and countries to act sustainably to accomplish sustainable development goals. Hence, research on Green Banking (GR-banking) has gained popularity as researchers have shown a significant interest in identifying the factors that promote the adoption of GR-banking. Considering Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), this study reviews the articles related to GR-banking adoption or intention until April 2022. The underlying objective is to analyse the studies related to GR-banking adoption or intention, research methodologies and assess the theoretical frameworks used in GR-banking adoption or intention studies. The articles were extracted through a comprehensive key search strategy from the Scopus database and Google Scholar until April 2022. The survey identified only 51 articles that directly addressed GR-banking adoption or intention, indicating a significant knowledge deficit in this field. Empirical studies on GR-banking adoption are relatively higher in number than theoretical studies. Results of this study provide key details on both empirical and theoretical studies and highlight the areas for future studies. The study further highlights that the research on GR-banking adoption or intention is in its infancy, and limited two-dimensional studies have been conducted on GR-banking adoption or intention. Moreover, current studies have not investigated performance outcomes of GR-banking besides exploring a few theories. This study offers multiple insights and identifies important research areas that need to be explored in the future to enhance sustainability and related practices in the banking industry.

show abstract

“…Without ignoring relevant criticism questioning the value of such collaborations and highlighting coordination issues (Linder & Williander, 2017), studies have identified significant legal, environmental, competitive, and financial pressures favoring them (Veleva & Bodkin, 2018). Indeed, the economic and competitive challenges arising from the impacts of COVID‐19, along with climate change and increasing trends toward environmental regulation (Demirel et al, 2018; Zheng & Iatridis, 2022), leave little room for delays, promoting collaborations as meaningful and cost‐effective ways of ensuring successful CE implementation.…”

Section: Collaboration As Meaningful Means Of Ensuring Ce Implementationmentioning

confidence: 99%

Collaboration among circular start‐ups and incumbents in the circular economy context

Tuladhar,

Iatridis,

Dimov

2023

Bus Strat Env

Self Cite

View full text Add to dashboard Cite

Circular economy (CE) has emerged as a sustainable alternative to the current “take, make, waste” linear approach. Although prior studies have highlighted the salience of collaborative efforts between start‐ups and incumbents, little is known about the mechanisms behind collaboration in a CE context. This study enhances our understanding of the topic by drawing on six cases of circular start‐ups (CSUs) operating in the United Kingdom's business‐to‐business market and investigating the mechanisms by which start‐ups collaborate with incumbents. Using the Context, Intervention, Mechanism, Outcome framework, the paper's findings demonstrate that CE does not necessitate high‐risk and expensive changes and show that CSUs can collaborate with incumbents in low‐risk ways by outsourcing and developing service contracts.

show abstract

Friends or foes? A systematic literature review and meta‐analysis of the relationship between eco‐innovation and firm performance

Cited by 54 publications

References 134 publications

Green research intensity and diversified performance: the moderating role of environmental regulation

Green research intensity and diversified performance: the moderating role of environmental regulation

Systematic Review of Green Banking Adoption: Following PRISMA Protocols

Collaboration among circular start‐ups and incumbents in the circular economy context

Contact Info

Product

Resources

About