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Environmental innovation and firm performance : how firm size and motives matter

(2019) SUSTAINABILITY. 11(13).
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Abstract
There is limited understanding of the precise circumstances under which environmental actions—such as environmental innovation—contribute to firm performance. Building on the resource-based view and on stakeholder theory, this study argues that the general positive effect of environmental innovation on financial performance varies significantly with firm size and the motives underlying a firm’s engagement in environmental innovation. Integrating survey data and lagged annual account data on 1761 Flemish companies, we find that larger firms benefit financially from environmental innovation driven by regulation or industry codes of conduct, while smaller firms benefit from environmental innovation introduced in response to customer demand. While it is increasingly accepted that environmental innovation relates positively with firm performance, the current study highlights important boundary conditions of this relationship.
Keywords
Renewable Energy, Sustainability and the Environment, Geography, Planning and Development, Management, Monitoring, Policy and Law, firm size, environmental innovation, firm performance, motives, RESOURCE-BASED VIEW, FINANCIAL PERFORMANCE, BUSINESS PERFORMANCE, GREEN, MANAGEMENT, GROWTH, STRATEGY, SMES, PROFITABILITY, COSTS

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Citation

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MLA
Andries, Petra, and Ute Stephan. “Environmental Innovation and Firm Performance : How Firm Size and Motives Matter.” SUSTAINABILITY, vol. 11, no. 13, 2019, doi:10.3390/su11133585.
APA
Andries, P., & Stephan, U. (2019). Environmental innovation and firm performance : how firm size and motives matter. SUSTAINABILITY, 11(13). https://doi.org/10.3390/su11133585
Chicago author-date
Andries, Petra, and Ute Stephan. 2019. “Environmental Innovation and Firm Performance : How Firm Size and Motives Matter.” SUSTAINABILITY 11 (13). https://doi.org/10.3390/su11133585.
Chicago author-date (all authors)
Andries, Petra, and Ute Stephan. 2019. “Environmental Innovation and Firm Performance : How Firm Size and Motives Matter.” SUSTAINABILITY 11 (13). doi:10.3390/su11133585.
Vancouver
1.
Andries P, Stephan U. Environmental innovation and firm performance : how firm size and motives matter. SUSTAINABILITY. 2019;11(13).
IEEE
[1]
P. Andries and U. Stephan, “Environmental innovation and firm performance : how firm size and motives matter,” SUSTAINABILITY, vol. 11, no. 13, 2019.
@article{8641578,
  abstract     = {{There is limited understanding of the precise circumstances under which environmental actions—such as environmental innovation—contribute to firm performance. Building on the resource-based view and on stakeholder theory, this study argues that the general positive effect of environmental innovation on financial performance varies significantly with firm size and the motives underlying a firm’s engagement in environmental innovation. Integrating survey data and lagged annual account data on 1761 Flemish companies, we find that larger firms benefit financially from environmental innovation driven by regulation or industry codes of conduct, while smaller firms benefit from environmental innovation introduced in response to customer demand. While it is increasingly accepted that environmental innovation relates positively with firm performance, the current study highlights important boundary conditions of this relationship.}},
  articleno    = {{3585}},
  author       = {{Andries, Petra and Stephan, Ute}},
  issn         = {{2071-1050}},
  journal      = {{SUSTAINABILITY}},
  keywords     = {{Renewable Energy,Sustainability and the Environment,Geography,Planning and Development,Management,Monitoring,Policy and Law,firm size,environmental innovation,firm performance,motives,RESOURCE-BASED VIEW,FINANCIAL PERFORMANCE,BUSINESS PERFORMANCE,GREEN,MANAGEMENT,GROWTH,STRATEGY,SMES,PROFITABILITY,COSTS}},
  language     = {{eng}},
  number       = {{13}},
  title        = {{Environmental innovation and firm performance : how firm size and motives matter}},
  url          = {{http://dx.doi.org/10.3390/su11133585}},
  volume       = {{11}},
  year         = {{2019}},
}

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