Effects of Green Innovation on Environmental and Corporate Performance: A Stakeholder Perspective

Hua-Hung (Robin) Weng, Ja-Shen Chen and Pei-Ching Chen
Additional contact information
Hua-Hung (Robin) Weng: College of Management, Yuan Ze University, Chung-li 32003, Taiwan
Ja-Shen Chen: College of Management, Yuan Ze University, Chung-li 32003, Taiwan
Pei-Ching Chen: College of Management, Yuan Ze University, Chung-li 32003, Taiwan

Sustainability, 2015, vol. 7, issue 5, 1-30

Abstract: “Going green” has become an important environmental issue in contemporary business practice worldwide. This study examined the influence of a number of factors on green innovation and the consequences in terms of performance. The stakeholder theory was adopted to observe the effects of each stakeholder on the green innovation practices of companies and to determine how green innovation practices influence environmental and business performance. A research model with eight hypotheses was proposed to determine the associations between the variables of interest. An empirical survey was conducted of 202 Taiwanese service and manufacturing companies. The survey found that pressure from competitors and the government, along with employee conduct, all had significant and positive effects on green innovation practices. Additionally, a moderating effect of innovation orientation existed only in the relationship between green product innovation practices and employee conduct. This study not only provides a systematic way to analyze the effects of green innovation practices but also suggests the best means for companies to adopt green innovation practices.

Keywords: green innovation; stakeholder theory; performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (121)

Downloads: (external link)
https://www.mdpi.com/2071-1050/7/5/4997/pdf (application/pdf)
https://www.mdpi.com/2071-1050/7/5/4997/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:7:y:2015:i:5:p:4997-5026:d:48736

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().