The drivers of eco-innovation and its impact on performance: Evidence from China

Cai, Wanzhi; Guang-pei, LI

doi:10.1016/j.jclepro.2017.12.109

Cited by 542 publications

(445 citation statements)

References 32 publications

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“…This dimension also largely determines the strategic decision making and survival of the organization (Miller & Friesen, ). The results obtained for the economic and financial returns would confirm what was indicated by Cai and Li (). They established that the processes of ecoinnovation and ecodesign imply high costs and business risks that may hinder a company from obtaining economic benefits in the short term.…”

Section: Discussionsupporting

confidence: 89%

“…These results confirm that the Hypotheses H1 and H2 are established in this work. In this regard, we show that investments in ecoinnovation and ecodesign have a negative impact on business results as a result of the high cost of investments in ecoinnovation and ecodesign, and business risks can make it difficult to obtain economic benefits in the short term (Cai & Li, ). On the other hand, without adequate administrative support, investments in ecoinnovation and ecodesign will not be effective and therefore would not lead to a positive result (Cheng et al, ).…”

Section: Resultsmentioning

confidence: 99%

“…In addition to the indicated advantages, other previous studies have also shown that certain environmental innovations can help to obtain stakeholder support (Delmas & Toffel, ; Dögl & Behnam, ), from the acquisition of a good reputation (Brammer & Pavelin, ), and increase market share in the future (Cai & Li, ). Nicolau and Santa‐Maria () indicate that all these advantages lead to improved organizational growth and profitability when market value is considered as a measure of business performance.…”

Section: Ecoinnovation Ecodesign and Performance In Munificent Indumentioning

confidence: 93%

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Do the ecoinnovation and ecodesign strategies generate value added in munificent environments?

2019

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Within innovation strategies, ecodesign and ecoinnovation are becoming very relevant in recent years as they seek to reduce the environmental impact of both products and production processes by using new technologies and ways of working that contribute to sustainable development and at the same time help to promote the competitiveness of companies. In this framework, the objective of this paper is to analyze the impact that the strategies of environmental innovation in products and processes have on the profitability and the market value of the companies, considering the moderating role that the munificence of the industry has in this relationship. Using the generalized method of moments, the results obtained from a sample of 6,454 international companies during the period 2002–2017 show that although environmental innovation strategies do not entail higher returns, they are well valued by the capital market. This was especially true in environments with greater economic growth and availability of resources, that is, in munificent environments.

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Section: Discussionsupporting

confidence: 89%

Section: Resultsmentioning

confidence: 99%

Section: Ecoinnovation Ecodesign and Performance In Munificent Indumentioning

confidence: 93%

See 1 more Smart Citation

Do the ecoinnovation and ecodesign strategies generate value added in munificent environments?

2019

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“…The positive effect on green adoption supports the findings of Abdul-Rashid et al (2017) that found similar results in their study on drivers for adoption of sustainable practices in Malaysia. Cai and Li (2018) also found that competitor pressure is a primary influencer of eco-innovation, thus showing consistence between their works and the current study. Again, the findings agrees with the outcome of Aboelmaged (2018) who found that competitive pressure impacts the decision to implement green initiatives in small and medium firms.…”

Section: Discussionsupporting

confidence: 84%

Green Manufacturing in Agro Processing SMEs: Unraveling the Relationship Between Drivers and Their Effects on Adoption Practices in Ghana

Gyasi-Mensah

Hu²

2019

IJGS

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Environmental matters have been a subject of importance for national policy makers, ecology concerned groups and organizations. Green initiatives such as, green manufacturing has been seen to be a game changer in ensuring environmentally safe manufacturing by firms and nations while reaping the accompanying benefits. Investigations into motivating factors are still not fully carried out from all contexts. This research sought to find the effects that these drivers have on adoption of eco-friendly initiatives among small and medium enterprises from a developing country context. Structural Equation Model was adopted to analyze the data and verify the hypotheses. The outcomes indicate that financial and business benefits, competitor pressure and national environmental regulations positively influenced the adoption of green manufacturing adoption initiatives. Management and staff commitment influenced adoption slightly. These outcomes are vital to developing strategies for improving green practices implementation within firms for positive environmental and economic performance. Governments in developing nations especially Ghana will be well informed on which parts of the regulations to strengthen and enforce for improved environmental responsibility from Ghanaian agro processing small and medium enterprises and other businesses.

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“…Although the companies are becoming more proactive in adopting green initiatives as disclosed in their reports, both did not affect the short-term performance of companies, measured by ROA and ROE. This is consistent with studies carried out by Aguilera-Caracuel and Ortiz-de-Mandojana [25] and Cai and Li [26]. Green initiatives such as investing in wastewater treatment technologies require high costs and risks as it might not bring expected profits to the company.…”

Section: Discussionsupporting

confidence: 90%

Corporate Green Initiatives and Financial Performance in Malaysian Plantation Sector

2019

IJRTE

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Abstract: Adoption of green initiatives by companies is important to create healthier environment. Added with the demand from wider stakeholders, companies realise the importance of disclosing information in their corporate report. The purpose of this study is to examine the effect of green initiatives on companies' performance of plantation sector in Malaysia. Twenty-one public listed companies were selected. Content analysis was used to collect data from annual reports and sustainability reports related to information on green product, wastewater treatment technologies and energy efficiency. Data for dependent variables which are return on asset and return on equity also were obtained from annual reports. Descriptive analysis, correlation analysis and multiple regressions using SPSS were adopted to analyse the data. The results of this study reveal that energy efficiency have significant relationship with companies' financial performances whereas green product and wastewater treatment technologies show in contrary.

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The drivers of eco-innovation and its impact on performance: Evidence from China

Cited by 542 publications

References 32 publications

Do the ecoinnovation and ecodesign strategies generate value added in munificent environments?

Do the ecoinnovation and ecodesign strategies generate value added in munificent environments?

Green Manufacturing in Agro Processing SMEs: Unraveling the Relationship Between Drivers and Their Effects on Adoption Practices in Ghana

Corporate Green Initiatives and Financial Performance in Malaysian Plantation Sector

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