Green R&D for eco-innovation and its impact on carbon emissions and firm performance
By Ki‐Hoon Lee, Byung S. Min. 2015
994 citations recorded by the source corpus.
Abstract Over the past four decades, the results of the debates about the relationship between corporate environmental performance and corporate financial performance have remained inconclusive, due to the lack of theoretical underpinning and availability of data. This paper examines the impact of green research and development investment for eco-innovation on environmental and financial performance. The research is based on the resource-based view and the natural resource-based view, which explicitly recognize the importance of resources and capabilities. Using a sample of Japanese manufacturing firms during the period of 2001–2010, the study focuses on green research and development investment as a key proxy of eco-innovation and carbon emissions in environmental performance. Our results show the presence of a negative relationship between green research and development and carbon emissions, while green research and development is positively related to financial performance at the firm level. Our findings explicitly support that, in order for firms to adopt a proactive environmental strategy to manage their environmental and financial performance to the best advantage, they urgently need to organise unique resources and capabilities. The findings of this study provide valuable insights and basis of scientific debate on how firms to engage unique organizational resources and capabilities for superior corporate environmental and financial performance.
Subfields: Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/6914215ae97023e8c45db6bb0e348d41456d58b1
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Marketing
In Strategy and Management
- K. Milondzo
- Zhilun Jiao
- Yue‐Jun Zhang
- M. Atif
- Chu Chien-Chi
- Ugur Soytas
- M. Yurdakul
- Chandrashekar Raghutla
Citations in the corpus
- Does corporate R&D investment affect firm environmental performance? Evidence from G-6 countries (2019, methodology): “McWilliams and Siegel (2000) find a positive and significant relationship between R&D intensity and CSR activities. Similarly, Rothenberg and Zyglidopolous (2007) have reported that R&D intensive firms are more likely to have high CSR.”
- Can environmental innovation facilitate carbon emissions reduction? Evidence from China (2017, background): “Lee and Min (2015) use a sample of Japanese manufacturing firms during 2000–2010, and find that the green R &D for ecoinnovation may decrease carbon emissions and increase firm value.”