Green Innovation, Managerial Concern and Firm Performance: An Empirical Study

Mingfeng Tang; Grace Walsh; Daniel Lerner; Markus A. Fitza; Qiaohua Li

doi:10.1002/bse.1981

journal article Oct 30, 2017

Green Innovation, Managerial Concern and Firm Performance: An Empirical Study

Mingfeng Tang

Grace Walsh Daniel Lerner Markus A. Fitza Qiaohua Li

Business Strategy and the Environment Vol. 27 No. 1 pp. 39-51 · Wiley

View at Publisher Save 10.1002/bse.1981

Abstract

AbstractExtant literature, while often suggesting a positive link between green innovation and firm performance, is inconclusive. Moreover, the possibly moderating role of management has not been sufficiently considered. Using a unique dataset sampling 188 manufacturing firms in China, we examine how managerial concern (for green issues) moderates the relationship between green innovation and firm performance. We find that green process innovation and green product innovation both significantly (positively) predict firm performance, when not considering managerial concern for the environment. Once managerial concern is included, we observe that it compounds the positive effect of green process innovation on firm performance – but not product innovation, which no longer explains significant unique variance in firm performance. The findings hold various implications for future research and business policy. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

Topics

No keywords indexed for this article. Browse by subject →

References

68

[1]

Green Innovation and Financial Performance

Javier Aguilera-Caracuel, Natalia Ortiz-de-Mandojana

Organization & Environment 10.1177/1086026613507931

[2]

10.1002/bse.638

[3]

Albino V "The effect of the adoption of environmental strategies on green product development: a study of companies on world sustainability indices" International Journal of Management (2012)

[4]

10.1016/j.sbspro.2012.09.144

[5]

10.1287/orsc.14.5.510.16765

[6]

WHY COMPANIES GO GREEN: A MODEL OF ECOLOGICAL RESPONSIVENESS.

P. Bansal, K. Roth

Academy of Management Journal 10.2307/1556363

[7]

Necessity as the mother of ‘green’ inventions: Institutional pressures and environmental innovations

Pascual Berrone, Andrea Fosfuri, Liliana Gelabert et al.

Strategic Management Journal 10.1002/smj.2041

[8]

10.1002/csr.182

[9]

10.1007/s10551-011-0914-x

[10]

Chang NJ "Green product quality, green corporate image, green customer satisfaction, and green customer loyalty" African Journal of Business Management (2010)

[11]

10.1002/bse.1824

[12]

10.1007/s10551-007-9522-1

[13]

The Influence of Green Innovation Performance on Corporate Advantage in Taiwan

Yu-Shan Chen, Shyh-Bao Lai, Chao-Tung Wen

Journal of Business Ethics 10.1007/s10551-006-9025-5

[14]

10.1016/j.tre.2011.05.016

[15]

10.1287/orsc.1060.0192

[16]

10.1002/bse.1842

[17]

Green Product Innovation: Where we are and Where we are Going

Rosa Maria Dangelico

Business Strategy and the Environment 10.1002/bse.1886

[18]

Being ‘Green and Competitive’: The Impact of Environmental Actions and Collaborations on Firm Performance

Rosa Maria Dangelico, Pierpaolo Pontrandolfo

Business Strategy and the Environment 10.1002/bse.1828

[19]

Mainstreaming Green Product Innovation: Why and How Companies Integrate Environmental Sustainability

Rosa Maria Dangelico, Devashish Pujari

Journal of Business Ethics 10.1007/s10551-010-0434-0

[20]

10.1016/j.enpol.2009.05.020

[21]

10.1002/bse.1860

[22]

10.1109/tem.2013.2246792

[23]

10.1016/j.jwb.2007.11.012

[24]

10.1002/bse.1747

[25]

10.1080/01446190902896645

[26]

Cognitive Frames in Corporate Sustainability: Managerial Sensemaking with Paradoxical and Business Case Frames

Tobias Hahn, Lutz Preuss, Jonatan Pinkse et al.

The Academy of Management Review 10.5465/amr.2012.0341

[27]

10.1002/bse.728

[28]

10.1108/cr-04-2015-0024

[29]

10.1108/17439131011074440

[30]

10.1016/j.ecolecon.2010.04.004

[31]

Huang JW "Green innovation and performance: the view of organizational capability and social reciprocity" Journal of Business Ethics. (2015)

[32]

10.1080/09603107.2013.770121

[33]

International Energy Agency (IEA).2007.Tracking Industrial Energy Efficiency and CO2Emissions. Retrieved from https://www.iea.org/publications/freepublications/publication/tracking_emissions.pdf. [6 September 2017].

[34]

Ke Q "Are state‐owned companies underperforming? A case study of Chinese listed property companies" Journal of Real Estate Literature (2008)

[35]

10.1002/bse.1855

[36]

10.1016/j.jclepro.2015.05.114

[37]

10.1504/ijtg.2011.039767

[38]

LópezRE ThomasV WangY.2008.The quality of growth: fiscal policies for better results. IEG World Bank Working Paper 2008/6. 10.1596/978-1-60244-095-1

[39]

Ma QG (2002)

[40]

Environmental innovation and R&D cooperation: Empirical evidence from Spanish manufacturing firms

Valentina De Marchi

Research Policy 10.1016/j.respol.2011.10.002

[41]

10.1002/(sici)1097-0266(199707)18:1 <187::aid-smj936>3.0.co;2-k

[42]

OlivierJ Janssens‐MaenhoutG MunteanM PetersJ.2016. “Trends in global CO2 emissions: 2016 Report” PBL Netherlands Environmental Assessment Agency and European Commission Joint Research Centre ‐ Report: 2315. Retrieved from http://www.pbl.nl/en/publications/trends‐in‐global‐co2‐emissions‐2016‐report. [6 September 2017].

[43]

10.1257/jep.9.4.119

[44]

10.1016/j.jenvman.2012.01.023

[45]

10.1002/bse.1781

[46]

10.1002/csr.1416

[47]

Porac JF (2002)

[48]

Toward a New Conception of the Environment-Competitiveness Relationship

Michael E Porter, Claas van der Linde

Journal of Economic Perspectives 10.1257/jep.9.4.97

[49]

10.1016/j.jclepro.2016.04.102

[50]

10.1016/j.technovation.2004.07.006

Showing 50 of 68 references

Cited By

639

Artificial intelligence of robotics and green transformation: evidence from Chinese manufacturing firms

Lei Sun, Jing Wang · 2025

Environment, Development and Sustai...

Green innovation in ports: drivers, domains, and challenges

Ying Liu, Yiying Chao · 2025

Frontiers in Marine Science

Nonlinear impact of economic policy uncertainty on corporate ESG performance: Regional, industrial and managerial perspectives

Jianling Wang, Jia Ma · 2025

International Review of Financial A...

Executive Ownership and Minority Shareholder Protection: Drivers of Environmental Innovation in China's A‐Share Market

Shanshan Yue, Saleh F. A. Khatib · 2025

Corporate Social Responsibility and...

Green Core Competencies, Green Process Innovation, and Firm Performance: The Moderating Role of Sustainability Consciousness, a Mixed Method Study on Golf Hotels

Derya Ozilhan Ozbey, Gul Coskun Degirmen · 2024

Sustainability

Breaking down barriers: The adoption of eco‐innovation by SMEs and the influence of personality traits

Nuria Fernández‐Muñiz, Ángela Triguero · 2024

Business Strategy and the Environme...

Is green performance affected by green transformational leadership in travel agencies? The mediating roles of green organizational identity and green innovation

Bassam Samir Al-Romeedy, Shaymaa Abdul-Wahab El-Sisi · 2024

Journal of Human Resources in Hospi...

Green logistics operations and its impact on supply chain sustainability: An empirical study

Supriyo Roy, R. P. Mohanty · 2023

Business Strategy and the Environme...

A systematic literature review and bibliometric analysis of eco‐innovation on financial performance: Identifying barriers and drivers

Germán López Pérez, Isabel María García Sánchez · 2023

Business Strategy and the Environme...

From environmental sustainability practices to green innovations: Evidence from small and medium‐sized manufacturing companies

Sofia Gomes, Micaela Pinho · 2023

Corporate Social Responsibility and...

Nexuses among Green Supply Chain Management, Green Human Capital, Managerial Environmental Knowledge, and Firm Performance: Evidence from a Developing Country

Naila Nureen, Da Liu · 2023

Sustainability

Institutional pressures as drivers of circular economy in firms: A machine learning approach

Carlos F.A. Arranz, Vania Sena · 2022

Journal of Cleaner Production

Good for the firm, good for the society? Causal evidence of the impact of equity incentives on a firm's green investment

Junfeng Wu, Baohua Liu · 2022

International Review of Economics &...

Success factors for environmentally sustainable product innovation: An updated review

Janine Fleith de Medeiros, Taís Bisognin Garlet · 2022

Journal of Cleaner Production

Stakeholder pressure, green innovation, and performance in small and medium‐sized enterprises: The role of green dynamic capabilities

Sanjay Kumar Singh, Manlio Del Giudice · 2021

Business Strategy and the Environme...

Environmental regulation and green innovation: Evidence from China’s new environmental protection law

Yuyu Liu, Aiguo Wang · 2021

Journal of Cleaner Production

Supply chain collaboration and eco‐innovations: An institutional perspective from China

Peter S. Hofman, Constantin Blome · 2020

Business Strategy and the Environme...

Metrics

639

Citations

68

References

Details

Published: Oct 30, 2017
Vol/Issue: 27(1)
Pages: 39-51
License: View

Authors

M

Mingfeng Tang

Sino‐French Innovation Research Center Southwestern University of Finance and Economics Chengdu China; BETA University of Strasbourg Strasbourg France

G

Grace Walsh

Whitaker Institute for Innovation and Societal Change National University of Ireland Galway Ireland

D

Daniel Lerner

Deusto Business School Universidad de Deusto Bilbao Spain; Universidad del Desarrollo Chile

M

Markus A. Fitza

Frankfurt School of Finance and Management Frankfurt am Main Germany; University of Newcastle Newcastle NSW Australia

Q

Qiaohua Li

Northwest University for Nationalities Lanzhou China

Funding

National Nature Science Foundation of China Award: G0302/71403221

Sichuan Education Administration Office Award: 17SA0195

Cite This Article

Mingfeng Tang, Grace Walsh, Daniel Lerner, et al. (2017). Green Innovation, Managerial Concern and Firm Performance: An Empirical Study. Business Strategy and the Environment, 27(1), 39-51. https://doi.org/10.1002/bse.1981

Green Innovation, Managerial Concern and Firm Performance: An Empirical Study

You May Also Like