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  • Green R&D for eco-innovation and its impact on carbon emissions and firm performance

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    LeePUB665.pdf (214.2Kb)
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    Accepted Manuscript (AM)
    Author(s)
    Lee, Ki-Hoon
    Min, Byung
    Griffith University Author(s)
    Min, Byung-Seong S.
    Lee, Ki-Hoon
    Year published
    2015
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    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, ...
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    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.
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    Journal Title
    Journal of Cleaner Production
    Volume
    108
    Issue
    Part A
    DOI
    https://doi.org/10.1016/j.jclepro.2015.05.114
    Copyright Statement
    © 2015, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International, which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
    Subject
    Environmental engineering
    Environmental engineering not elsewhere classified
    Manufacturing engineering
    Publication URI
    http://hdl.handle.net/10072/101624
    Collection
    • Journal articles

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