Orchestrating capabilities, organizational dimensions and determinants in the pursuit of green product innovation

García, Jakeline Serrano; Bikfalvi, Andrea; Llach, Josep; Arbeláez-Toro, Juan J.

doi:10.1016/j.jclepro.2021.127873

Cited by 21 publications

(34 citation statements)

References 104 publications

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“…When firms are not financially constrained (Frondel et al, 2007), they are more likely to engage in eco‐innovation to achieve an advantage over competitors (Doran & Ryan, 2016). While financial and material resources remain relevant (Roome, 1992), according to RBV, for such competitive advantage to be sustainable, it must derive from elements that are unique to the organization and neither transferrable nor replicable by externals (Serrano‐García et al, 2021). These properties are mostly embodied in intangible resources that constitute a firm's intellectual capital (in terms of individuals' skills and expertize, organizational culture, and relationships with externals), which is listed among key supply‐side drivers (Ali et al, 2021) since corporate green innovation often requires reshaping business processes (Przychodzen & Przychodzen, 2013).…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

How does the financial market influence firms' Green innovation? The role of equity analysts

Fiorillo

Meles

Mustilli

et al. 2022

Financ Manag Account

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This paper investigates how equity analysts influence firms' green innovation across different financial markets. Using a unique data set consisting of more than 6000 listed firms across 56 different countries, we find that corporate green innovation is positively associated with the number of equity analysts following the firm. We attribute this result to the informational role of analysts, which encourages managers to invest more in eco‐innovation. However, when we divide the full sample into two subsamples based on whether covered firms are incorporated in market‐oriented or bank‐oriented countries, we find that the association between firm's green innovation and analyst coverage becomes negative in the case of market‐oriented financial systems. We argue that potential explanations for this result rely on the differences occurring among market‐oriented and bank‐oriented systems in terms of listed companies' ownership structure and the prevalence of arm's length transaction banking rather than long‐term lender–borrower relationships.

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Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

How does the financial market influence firms' Green innovation? The role of equity analysts

Fiorillo

Meles

Mustilli

et al. 2022

Financ Manag Account

View full text Add to dashboard Cite

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“…While these previously analysed determinants will be further explored later in this study, they will be represented here as variables to assess their possible effect on firms' restructuring aimed at GPI development by means of an empirical analysis. These determinants, however, are not enough to drive GPI; they require the support of certain organisational skills and components for their management (Serrano-García et al, 2021). This is where businesses could assess whether they need to restructure themselves to respond to the various determinants of GPI (Qiu et al, 2020).…”

Section: Determinants Of Green Product Innovationmentioning

confidence: 99%

“…For this reason, we constructed a matrix that established the relationship between each GIC (in rows) and OD (in columns), extracting 63 dichotomous measurable variables from the EMS and analytically placing them at the intersections between each GIC and OD. These variables represent the determinants necessary for an organisational restructuring aimed at developing GPI, as proposed by Serrano-García et al (2021). For a more thorough understanding of the process of creating the matrix, Appendix A shows the classification of variables (in representation of the determinants) within a specific GIC and related to each of the five proposed ODs, where the typology of each variable is binary (Yes/No).…”

Section: Gic-od Matrix and Selection Of Variables Representing The De...mentioning

confidence: 99%

“…Despite the substantial progress made in defining the determinants of GPI, their configuration at the organisational level is considered difficult (Jasti et al, 2015; Tariq et al, 2017) because they affect several organisational functions. Therefore, these determinants must be backed by organisational elements that enable innovation to be managed in a way that results in GPI (Serrano‐García et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Capabilities and organisational dimensions conducive to green product innovation: Evidence from Croatian and Spanish manufacturing firms

et al. 2022

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This paper aims to determine which configuration of green innovation capabilities (GICs) and organisational dimensions (ODs) leads to achieving green product innovation (GPI). We used data collected through the European Manufacturing Survey (EMS) from manufacturing firms in Spain and Croatia considered to be innovators.After conducting a cluster analysis, we identified a group of firms that still develop conventional product innovations (CPIs) and three groups of firms at different stages of GPI development. The four clusters were characterised using different variables, or determinants of GPI, associated with seven GICs and five ODs that favour GPI.According to the findings, all the GICs and ODs under analysis have a positive impact on GPI development, which results in the consolidation of a framework that organisations could use to manage green innovation. By empirically showing the relevance of applying these constructs, this study makes contributions to the Resource-Based Theory (RBT), along with its extension to GICs, and points to the need to associate them with the ODs to achieve GPI towards the challenge of sustainable development.

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“…Green innovation is a combination of innovation and green concept (Serrano-García et al, 2021). Green innovation enables wind power enterprises to achieve development and reduce environmental hazards simultaneously (Lv et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Economic policy, regulatory policy, or soft policy: Which category of policy can effectively improve the green innovation of Chinese wind power industry?

2022

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Although wind power is clean in general, its potential adverse impacts on ecology and environment still cannot be ignored. To improve green innovation of wind power industry, the Chinese government has issued a series of policies. With the microdata from listed Chinese wind power enterprises from 2006 to 2019, this study examines the impacts of policies on green innovation. The results indicate that economic policy, regulatory policy, and soft policy significantly improve the green innovation. Unfortunately, the incentive effect only scratches the surface. The further analysis suggests that all categories of policies contribute to the low‐quality green innovation only.

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Orchestrating capabilities, organizational dimensions and determinants in the pursuit of green product innovation

Cited by 21 publications

References 104 publications

How does the financial market influence firms' Green innovation? The role of equity analysts

How does the financial market influence firms' Green innovation? The role of equity analysts

Capabilities and organisational dimensions conducive to green product innovation: Evidence from Croatian and Spanish manufacturing firms

Economic policy, regulatory policy, or soft policy: Which category of policy can effectively improve the green innovation of Chinese wind power industry?

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