Abstract
By evaluating green process innovation and its innovator’s benefit including short- and long-term dimensions, we first analyzed the relationship between green process innovation and its benefits. Second, we set up a regression model to test the hypotheses using 267 survey data from coal mining firms in China. Finally, we verified the positive relationship between green process innovation and its long-term benefit, and the non-significant relationship between green process innovation and its short-term benefit, and the mediating effect played by firm image in the long run.
Highlights
Green innovation, which is called environmental innovation or eco-innovation in literature, is defined as “new or modified processes, techniques, systems, and products to avoid or reduce environmental harm” [1]
When it comes to green product innovation, most of the literature confirms that it has a positive effect on financial performance [10,13,15]
We find the positive relationship between green process innovation and short-term benefit is non-significant, which is different from green product innovation
Summary
Green innovation, which is called environmental innovation or eco-innovation in literature, is defined as “new or modified processes, techniques, systems, and products to avoid or reduce environmental harm” [1]. It can be divided into green product innovation and green process innovation [2,3,4,5,6]. A positive relationship between green innovation and environmental performance has been confirmed (e.g., [2,4,10,14]). A further investigation on the relationship between green innovation and innovation benefit will be helpful
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