Green process innovation, green product innovation, and corporate financial performance: A content analysis method

Xuemei Xie, Jiage Huo and Hailiang Zou

Journal of Business Research, 2019, vol. 101, issue C, 697-706

Abstract: Green technology innovation has received continuous attention from the business sector in recent years, yet few studies have examined the internal mechanisms and contingent conditions that link green technology innovation to a firm's financial performance. Using data from 209 listed companies that belong to heavily polluting manufacturing industries, collected via the content analysis method, we find that green process innovation has a positive impact on green product innovation, and that both green process innovation and green product innovation can improve a firm's financial performance. We also find that green product innovation mediates the relationship between green process innovation and a firm's financial performance, and that a firm's green image moderates the relationship between green product innovation and financial performance. However, our study shows that the moderating effect of green subsidies on the relationship between green product innovation and a firm's financial performance is not supported. Based on these findings, we provide several recommendations for managers and government entities to effectively implement green technology innovation.

Keywords: Green process innovation; Green product innovation; Green subsidies; Green image; Content analysis (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (223)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0148296319300098
Full text for ScienceDirect subscribers only

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:eee:jbrese:v:101:y:2019:i:c:p:697-706

DOI: 10.1016/j.jbusres.2019.01.010

Access Statistics for this article

Journal of Business Research is currently edited by A. G. Woodside

More articles in Journal of Business Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().