Green Innovation and Financial Performance
Why is this work in the frame?
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
No Canadian affiliation. An affiliation-only frame — the usual design — would never have seen this work. It is one of the works that make the case for inverting the frame.
Machine scores (provisional)
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
- Teacher spread
- 0.149 · how far apart the two teachers sit on this one work
- Validation status
score_only:v0-immature-baseline· verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it
Abstract
Green innovation incorporates technological improvements that save energy, prevent pollution, or enable waste recycling and can include green product design and corporate environmental management. This type of innovation also contributes to business sustainability because it potentially has a positive effect on a firm’s financial, social, and environmental outcomes. However, the specific effect of green innovation on these outcomes can be highly influenced by the national context in which firms develop their activities. Using an institutional approach and employing a sample of 88 green innovative firms and 70 matched pairs (green innovative and non–green innovative firms), we find that green innovative firms are situated in contexts characterized by more stringent environmental regulations and higher environmental normative levels.Nevertheless, when compared to non–green innovative firms, we observe that green innovative firms do not experience improved financial performance. In focusing on green innovative firms, we note that the intensity of green innovation is positively related to firm profitability. Finally, we study whether national institutional conditions (stringency of environmental regulations and normative levels) impose a moderating effect on the relationship between green innovation intensity and the financial performance improvement of innovative firms. Our results show that regulatory and normative dimensions do not have the same influence on that relationship, creating implications for academia, managers, and policy makers.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
The record
- Venue
- Organization & Environment
- Topic
- Environmental Sustainability in Business
- Field
- Business, Management and Accounting
- Canadian institutions
- —
- Funders
- Universidad de GranadaInnovation, Science and Economic Development Canada
- Keywords
- Green innovationProfitability indexBusinessContext (archaeology)SustainabilityIndustrial organizationProduct innovationNormativePorter hypothesisGreen economyEco-innovationSample (material)MarketingEnvironmental regulationSustainable developmentEconomicsFinancePublic economics
- Has abstract in OpenAlex
- yes