articleBusiness Strategy and the EnvironmentOct 30, 2017GREEN OA

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

Southwestern University of Finance and Economics · Bureau d'Economie Théorique et Appliquée · +7 more institutions

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Abstract

Abstract Extant 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…

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