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Eco-Innovation and Firm Performance: Evidence from South America
| Content Provider | MDPI |
|---|---|
| Author | Medina, Holger Raúl Barriga Guevara, Ruben Campoverde, Ronald Enrique Paredes-Aguirre, Milton Ismael |
| Copyright Year | 2022 |
| Description | Eco-innovation has received a great deal of attention in academia and the business sector because it promotes a firm’s sustainable development and seeks to improve its performance. The prime objective of this study was to analyze the effect of the process, organization, and product eco-innovation on the company’s financial and environmental performance. Using a structural equation model estimated by maximum likelihood and a sample from 214 South American manufacturing companies in Colombia, Ecuador, and Perú, we found that organizational eco-innovation (OE) and process eco-innovation (PCE) are positively and significantly associated with the firm’s environmental and financial performance. In contrast, product eco-innovation (PDE) is not significantly associated with the two types of performance described. Likewise, OE has a significant and positive indirect influence on PDE, environmental performance, and financial performance. These findings suggest that OE and PCE positively affect the firm’s performance. On the contrary, PDE does not have this effect, extending the discussion that eco-innovation is specific to the context of the study. |
| Starting Page | 9579 |
| e-ISSN | 20711050 |
| DOI | 10.3390/su14159579 |
| Journal | Sustainability |
| Issue Number | 15 |
| Volume Number | 14 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2022-08-04 |
| Access Restriction | Open |
| Subject Keyword | Sustainability Applied Ethics Organizational Eco-innovation Product Eco-innovation Process Eco-innovation Environmental Performance Financial Performance South America |
| Content Type | Text |
| Resource Type | Article |
