Green Innovation Performance Research Articles

Green credit policy, technological innovation, and corporate financial performance: Evidence from the energy industry

Green credit policy, technological innovation, and corporate financial performance: Evidence from the energy industry

Does ESG Disclosure Improve Green Innovation Performance of New Energy Enterprises? Evidence from China

Does ESG Disclosure Improve Green Innovation Performance of New Energy Enterprises? Evidence from China

The masking effect of green innovation: A study based on carbon market shocks

Previous empirical evidence indicates that the carbon market exerts a positive influence on the performance of corporate green innovation. In light of the proposition that there are differences in the green innovation capabilities of firms, we propose a masking effect hypothesis which suggests that the carbon market does, in fact, improve firms' green innovation performance at the overall level. However, separately, this improvement effect is only observed for high-capability firms, and not for ordinary firms. We test the hypothesis and explore the potential mechanism. The results show that, firstly, the outstanding green innovation performance of high-capability firms leads to a masking effect, which is robust to different estimation methods and variable settings. Secondly, the high innovation capability increases the positive effect of the carbon market on green innovation, irrespective of whether the capability is brown or green, which means a weak version of the masking effect. Finally, the different propensities towards co-innovation lead to the masking effect.

Green Innovation for Enhanced Competitiveness and Financial Performance: A Study of Ultra-Micro and Micro Craft Businesses in Indonesia

This study investigates the relationship between green innovation, competitiveness, and financial performance in ultra-micro and micro craft businesses in West Java, Indonesia. Using a quantitative exploratory approach, data were collected via structured surveys from 403 craft business units, involving both business owners and managers. The survey employed a Likert scale to assess green innovation, competitiveness, and financial performance. Partial least squares structural equation modeling (PLS-SEM) was used to analyze the data. The findings reveal that business competitiveness mediates the impact of green innovation on financial performance. However, green innovation has no significant effect on financial performance. Additionally, business size significantly moderates the relationship between competitiveness and financial performance, with larger businesses better able to leverage competitive advantages for financial success. The study recommends that craft businesses invest in sustainable practices and scale up operations to enhance their competitiveness and achieve long-term financial growth. These insights are valuable for policymakers and business owners alike.

Green finance and ESG performance: A quasi-natural experiment on the influence of green financing pilot zones

Environmental, Social, and Governance (ESG) performance are major elements of green finance policies. It effectively aligns the financial incentives with the sustainable development goals. This study focuses on how green financing policies affect green innovation and business environmental performance. This study uses the difference-in-differences model to examine how green finance policy affects the ESG performance of enterprises. The results show that companies in economically better-developed pilot zones, state-owned enterprises (SOEs), and those with fewer financial limitations drive more robust ESG performance based on the triple differences technique. The pilot program improves ESG performance despite tightening budgetary restrictions based on mechanism analysis. Thus, green finance policy positively impacts ESG performance, having better performance in state-owned enterprises (SOEs) in China. Policymakers should prioritize targeted green finance policies to boost ESG performance and support maximum environmental impacts.

The Contribution of GHRM and Green Innovation to Environmental Performance at Pt. Indonesian Air & Marine Supply

This study aims to explore the relationship between Green Human Resource Management (GHRM), Green Innovation, and Environmental Performance at PT. Indonesian Air & Marine Supply. The study population consisted of 100 employees from the company’s shipping department. The purposive sampling method was used to select 80 respondents who had been employed for at least two years and were directly involved in the shipping field. The analysis results indicate that the implementation of GHRM and Green Innovation significantly influences Environmental Performance at PT. Indonesian Air & Marine Supply. Recommendations for company management include increasing investment in GHRM and Green Innovation, as well as enhancing the integration between these two factors to achieve better environmental sustainability goals.

Green nexus womenpreneurs: harnessing internal-external capabilities for sustainable MSMEs fashion

Purpose This study aims to analyze the capabilities and external conditions of womenpreneur owners of micro, small and medium enterprises (MSMEs) Fashion EcoPrint Indonesia in green business practices and their implications for sustainable business performance. Design/methodology/approach This study chooses a quantitative approach with a sustainable business internal-external capability model. Using the structural equation modeling-partial least square analysis tool, the analysis was conducted on a sample of womenpreneurs who owned MSMEs EcoPrint Indonesia (n = 493). Findings In the internal capability dimension, total quality environment and green core competence affect green supply chain management, affecting green product innovation performance. Meanwhile, women entrepreneurs’ external capability dimensions (regulation, customer awareness of the environment and technological innovation infrastructure) are connected to sustainable development business capabilities, which affect the performance of green process innovation. The study confirms that green products and processes have the potential to influence sustainable business performance. A key finding is the strong influence of environment-based total quality management governance on both sides. At the same time, womenpreneurs have a significant impact on their respective dimensions. Research limitations/implications This study has implications for increasing competency, Sustainable MSME industrial infrastructure, and protecting women in developing countries. The theoretical implications of creating a model that examines the impact of womenpreneurs’ internal and external abilities on eco-friendly businesses’ success are significant for developing nations’ promising growth. Originality/value This study explores women’s contributions to family well-being and environment-based economies, focusing on eco-friendly supply chain management and sustainable external capabilities of women entrepreneurs in Indonesia, using a gender equality approach in developing economies.

CIO leadership, employee digital ability, and corporate green innovation performance–moderating effect of organizational agility and environmental culture

CIO leadership, employee digital ability, and corporate green innovation performance–moderating effect of organizational agility and environmental culture

Green Technology Innovation and Carbon Emission Performance of the Middle Reaches of the Yangtze River Urban Agglomeration: Mechanism and Spatio-Temporal Evolution

Amid the increasingly severe global climate change situation, green technology innovation has become an important means to promote carbon reduction and achieve the transition to a low-carbon economy. This study aims to systematically analyze the relationship between green technology innovation and carbon emission performance in the urban agglomeration of the middle reaches of the Yangtze River, exploring the degree of coupling and coordination between different cities. Utilizing data from 2011 to 2021, we employ methods such as the Coupling Coordination Degree Model and fixed effects model to achieve our objectives. Our findings reveal that both green technology innovation and carbon emission performance in this region are on an upward trend; however, the growth rate of green technology innovation showed a slowdown in 2021. Notably, there are disparities in the coupling coordination degree among cities, with economically developed areas exhibiting a faster growth rate. Moreover, green technology innovation significantly enhances carbon emission performance, and heterogeneity tests indicate that this impact is even more pronounced in cities with weaker environmental regulations. Despite regional differences, the overall trend remains positive.

CEO AI orientation, human resources and green innovation: an attention-based view

PurposeWith the rapid advancement of artificial intelligence (AI) technology permeating various sectors, corporate management has increasingly directed their focus toward AI-driven innovation. Particularly, in response to escalating environmental standards, chief executive officers (CEOs) of manufacturing companies are turning to AI as a strategic tool to address challenges in green innovation. This paper aims to reveal the complex relationship between CEO AI orientation and green innovation through the attention-based view. Furthermore, it seeks to explore strategies to enhance corporate green innovation leveraging CEO AI orientation.Design/methodology/approachThe paper uses computer-assisted text analysis to extract data from annual reports of listed Chinese manufacturing companies and assesses them using negative binomial regression.FindingsThe empirical findings indicate the inverted U-shaped relationship between CEO orientation and green innovation. Initial green innovation performance increases with CEO AI orientation, reaching a peak before declining. Moreover, as CEO AI orientation increases, companies with higher levels of human resource slack are likely to reach the peak of green innovation earlier.Originality/valueFirstly, this paper introduces CEO AI orientation as a novel factor within the framework of the attention-based view for understanding green innovation. Secondly, the study investigates both the benefit effect and the cost effect (resource constraints) of CEO AI orientation on green innovation, examining the inverted U-shaped relationship between CEO orientation and green innovation. Thirdly, this paper explores the moderating effect of human resource slack on the relationship between CEO AI orientation and green innovation, setting the boundaries of CEO AI orientation’s impact on green innovation.

Digital transformation and green innovation performance: unraveling the role of green knowledge sharing and top management environmental awareness

PurposeThis research focuses on analyzing the impact of digital transformation (DT) on the green innovation performance of Spanish wineries, as well as the mediating effect of green knowledge sharing (GKS) on this main relationship, as well as the moderating role of top management environmental awareness (TMEA) on the GKS-green innovation performance linkage. In addition, age, size and protected designation of origin (PDO) membership are used to increase the precision of the cause–effect relationships examined.Design/methodology/approachThe study proposes a conceptual model based on previous studies, which is tested using partial least squares structural equation modeling, with data collected from 196 Spanish wineries between September 2022 and January 2023.FindingsThe results of the research reveal the existence of a positive and significant relationship between the development of DT and green innovation performance of Spanish wineries, as well as the partial mediation of GKS in this link and a positive moderation of TMEA in the GKS-green innovation performance bond.Practical implicationsWinery executives should prioritize aligning DT with TMEA to drive green innovation performance. Additionally, it is recommended that they actively promote GKS within their wineries to enhance sustainability performance and strengthen their competitive positioning in an eco-conscious market.Originality/valueThe originality of the study derives from its pioneering character, as the research enters unexplored terrain by investigating the role of the GKS as a mediator in the relationship between DT and green innovation performance, as no previous research has ventured in this direction.

Green Manufacturing and Performances in Apparel Export Industry: Mediating Role of Green Innovation

Implementing green manufacturing in the production process of garment export-oriented enterprises not only contributes to environmental well-being but also enhances competitiveness in the global market and boosts overall company performance. Furthermore, it is critical to take immediate action to improve sustainable production levels via green innovation. This study aims to investigate the impact of green manufacturing on operational performance, environmental performance, and economic performance in the apparel manufacturing export industry. The study also investigates the mediating role of green innovation as a mediator between the green manufacturing and types of performances. A survey method is used to collect data from 123 garment export units, and structural equation modelling (SEM) is used to analyze the results. This study delivers empirical evidence of the impact of the implementation of green manufacturing on green innovation and economic performance. Moreover, green innovation has a significant impact on economic performance and environmental performance. The results signify that green innovation partially mediates green manufacturing and economic performance. Green innovation fully mediates green manufacturing and environmental performance, and also green manufacturing and operational performance. This study is unique in its focus on the use of green manufacturing and green innovation in garment export production units. It provides insights into how these green practices might improve firm performance and the environment.

Eco-friendly strategic goals and the performance of innovative green processes: The impact of green intellectual capital

The purpose of this study is to check the intellectual capital's role in shaping green process innovation. This article contends the company's capacity to create, possess, incorporate, and implement environmentally friendly intellectual assets in its activities will result in a higher degree of performance in terms of innovative green processes. This performance serves as an indicator of the company's enduring dedication to an environmentally conscious strategy. The industries chosen for this study comprised textile, chemical, pharmaceutical, and steel based in Mexico. The random sampling technique was used to gather data. Upon analyzing the gathered data, we used only 253 questionnaires for analysis, representing a response rate of 42.7%. Findings indicate green strategic intent significantly influences three components of intellectual capital: human, relational, and organizational capital. Three components of intellectual capital significantly influence green process innovation. A green strategy can be successfully implemented by the implementation of intangible resources. Mere tangible resources are insufficient to gain superior green innovation performance; the interaction of these two resources (tangible and intangible) is complementary. Companies are adopting environmental strategies to mitigate the environment's harmful impact and meet stakeholders' demands. The study’s practical implications aim to improve companies’ environmental performance, specifically their green performance, through the implementation of green innovation.

Green Innovation and firm Performance: An Empirical Study of China's Power Industry

With China’s goal of achieving "carbon peak and neutrality”, green innovation has become an inevitable choice to accomplish the dual objective of ecological protection and economic growth. The objective of this study is to examine whether green innovation can contribute to enhancing firm performance. Specifically, this study empirically investigates the relationship between green innovation and firm performance by analyzing a sample of listed firms in China's A-share power industry from 2009 to 2022. By using panel fixed effect regression, this study found that green innovation markedly and positively enhances the firm's current performance. Furthermore, this paper tested the effect of green innovation on the firm's future performance, which is positive and greater than the effect on the current performance. Through data support spanning 14 years, this study verifies the theoretical hypothesis that green innovation can substantially enhance firm performance in the power industry. This not only deepens the understanding of how green innovation affects firm performance but also offers empirical evidence to support the further implementation and advancement of green innovation within the power industry. This study only uses a sample of a single industry, so the conclusions of this study do not have explanatory power for firms in other industries.

Big data analytics, GHRM practices, and green digital learning paving the way towards green innovation and sustainable firm performance

This research aims to understand the connections among Green Human Resource Management (GHRM) practices, Green Digital Learning Orientation (GDLO), Green Innovation (GI), and Sustainable Firm Performance (SFP) in small and medium-sized enterprises (SMEs) of Saudi Arabia. The data were analyzed utilizing the PLS-SEM approach, whereas data from 341 SMEs was examined. The study findings reveal significant positive relationships between GHRM and GI, GDLO and GI, GHRM practices and GDLO, and GI and SFP. The study supports the mediating role of green innovation in these relationships. Big data analytics is found to moderate the connections between GHRM-GI and GDLO-GI. This study is the first to establish the theoretical connection with the AMO model by emphasizing how GHRM and innovation enhance sustainable firm performance. Also, practical implications guide SMEs in integrating GHRM practices, raising a culture of innovation, and acknowledging the pivotal role of employees. The study recognizes limitations, urging future research to consider external factors and address gaps in the literature on GHRM practices in SME sustainable firm performance in the Gulf region.

The Business Leadership of the State-Owned Enterprises: Impact of the Digital Transformations

The article explores the digital transformation of State-Owned Enterprises (SOEs) through a bibliometric analysis. The study analyses the scientific literature to understand the current trends, challenges, and emerging themes surrounding the digitalization of SOEs across various industries. Digital transformation, which involves integrating technologies like AI, IoT, and big data, is crucial for improving operational efficiency, reducing costs, and ensuring sustainability in such key sectors as energy, transportation, and telecommunications, where SOEs often play a pivotal role. The research uses bibliometric tools, specifically Scopus and the Biblioshiny App, to map out the literature on digital transformation in SOEs, analyze keywords, and identify thematic clusters in the body of research. The study highlights the significant publication growth, particularly from 2018 onwards, and points to digital transformation, corporate governance, and green innovation as dominant research themes. These themes illustrate how SOEs leverage digital technologies to improve service delivery, increase transparency, and meet environmental targets. The study observed a rapid increase in research output related to SOE digital transformation, particularly from 2020 to 2023. The leading contributors were journals such as Finance Research Letters, Sustainability (Switzerland), and Technological Forecasting and Social Change. The central themes of the analyzed publications included digital transformation, corporate governance, green innovation, and environmental performance. These were classified as “motor themes” due to their high centrality and well-developed nature, indicating their pivotal role in SOE research. The analysis revealed strong links between keywords such as digital transformation, information asymmetry, and innovation. These connections highlight the critical role of digital technologies in enhancing transparency, efficiency, and sustainability within SOEs. The study reveals that the digital transformation of SOEs is a critical area of research, with a growing emphasis on sustainability and innovation. The analysis underscores the need for further studies on the financial impacts of digitalization, the role of government policies, and cross-country comparisons to fully understand how different regulatory and economic environments influence the digital transformation processes in SOEs. By leveraging emerging technologies, SOEs can better align with national digital strategies and contribute to broader policy goals such as energy efficiency and inclusive growth.

STRATEGI BERSAING MEMODERASI INOVASI HIJAU, GROWTH OPTION DAN PUBLIC OWNERSHIP TERHADAP KINERJA KEBERLANJUTAN

Sustainability Performance Sustainability within a company in the form of reporting is an important step that can be taken towards corporate sustainability. Investors, regulators and other stakeholders are increasingly exploring their interest in developing sustainable reporting practices. The aim of this research is to analyze Competitive Strategies for Moderating Green Innovation, Growth Options and Public Ownership on Sustainability Performance in energy sector companies listed on the Indonesia Stock Exchange. This research uses secondary data from annual reports and sustainability reports. This type of research is associative quantitative. The sample selection in this research used a purposive sampling method, namely selecting samples based on predetermined criteria. The number of samples in this research was 28 companies. The research sample consisted of 140 observations made at energy sector companies during the 2018-2022 period. Hypothesis testing in this research is the model chosen, namely the Fixed Effect Model. The results of this research show that Green Innovation has a positive effect on Sustainability Performance. Growth Options have a positive effect on Sustainability Performance. Public Ownership has no effect on Sustainability Performance. Competitive Strategy moderates and strengthens the relationship between Green Innovation and Sustainability Performance. Competitive Strategy moderates and weakens the relationship between Growth Options and Sustainability Performance. Competitive Strategy moderates and strengthens the relationship between Public Ownership and Sustainability Performance.

Sustainable knowledge management: Driving green technology innovation and long-term performance in construction firms

Sustainable knowledge management: Driving green technology innovation and long-term performance in construction firms

The Relationship between ESG Management, Green Innovation, and Business Performance : A Focus on Chinese Companies

The Relationship between ESG Management, Green Innovation, and Business Performance : A Focus on Chinese Companies

The Role of Stakeholder Pressure in Enhancing Green Innovation Performance: The Moderating Role of Green Culture

The Role of Stakeholder Pressure in Enhancing Green Innovation Performance: The Moderating Role of Green Culture