How environmental innovation influences firm performance: A meta-analytic review

Hızarcı Payne A. K., İpek İ., Kurt Gümüş G.

BUSINESS STRATEGY AND THE ENVIRONMENT, cilt.30, sa.2, ss.1174-1190, 2021 (SSCI) identifier identifier

  • Yayın Türü: Makale / Derleme
  • Cilt numarası: 30 Sayı: 2
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1002/bse.2678
  • Dergi Adı: BUSINESS STRATEGY AND THE ENVIRONMENT
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, ABI/INFORM, Aerospace Database, Business Source Elite, Business Source Premier, Communication Abstracts, Environment Index, Geobase, Greenfile, INSPEC, Metadex, Pollution Abstracts, Psycinfo, Public Affairs Index, Civil Engineering Abstracts
  • Sayfa Sayıları: ss.1174-1190
  • Anahtar Kelimeler: environmental innovation, environmental strategy, firm performance, meta&#8208, analysis, sustainability, sustainable development, GREEN PRODUCT INNOVATION, SUPPLY CHAIN MANAGEMENT, CORPORATE FINANCIAL PERFORMANCE, RESEARCH-AND-DEVELOPMENT, ECO-INNOVATION, MARKET ORIENTATION, EMPIRICAL-EVIDENCE, MEDIATING ROLE, OPERATIONAL PERFORMANCE, COMPETITIVE ADVANTAGE
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Coupled with the increasing concern toward sustainability and sustainable development issues, environmental innovation practices have been of burgeoning interest among both scholars and practitioners. Building on this, the main purpose of this study is to quantitatively aggregate the extant empirical research on eco-innovation and firm performance and to assess the role of moderating factors in this theoretical relationship by pursuing a meta-analytic approach. To serve this objective, 196 effects based upon 70 studies including more than 25,000 firms (N = 25,412) were meta-analytically examined. Quantitative evidence drawn from the meta-analysis indicates that organizational eco-innovation exerts the strongest influence on firm performance. Moreover, the meta-analytic findings suggest that significant variations in the correlation between eco-innovation and firm performance exist across different performance types, and the magnitude of the eco-innovation-firm performance association is stronger in developing compared with developed countries. This meta-analytic review is expected to considerably contribute to the pertinent literature by means of improving the understanding of the relevance of eco-innovation typology to firm performance.