Panel Dataset to Assess Proactive Eco-Innovation in the Paradigm of Firm Financial Progression

Md Abu Toha and Satirenjit Kaur Johl
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Md Abu Toha: Department of Management and Humanities, Universiti Teknologi Petronas, Seri Iskandar 32610, Malaysia
Satirenjit Kaur Johl: Department of Management and Humanities, Universiti Teknologi Petronas, Seri Iskandar 32610, Malaysia

Data, 2021, vol. 6, issue 12, 1-10

Abstract: Recently, eco-innovation has received a lot of attention in the academic and corporate world due to its potential to accelerate firm financial progression. To measure eco-innovation, mostly primary data and a reactive approach were employed. By emphasising the proactive approach and utilising a secondary panel dataset, this study fills the existing research gap. Data presented in this paper comprise 31 energy firms from Bursa Malaysia for the years between 2015 and 2019. Panel data associated with eco-innovation proactiveness and firm financial progression were collected from three different sources such as company websites, annual reports, and sustainability reports using content analysis. For data collection, an index was adapted comprising five dimensions of eco-innovation, named as product, process, technology, organizational, and marketing. In addition to that, Tobin’s Q was considered as a proxy dimension for firm financial progression because it considers both market value as well as book value. Following a unit root test, six specific data diagnostic tests were performed to ensure data reliability and validity for future potential usage. The results reveal that the panel dataset was organised and is eligible for further statistical model analysis.

Keywords: panel data; proactive eco-innovation; content analysis; firm financial progression; energy sector (search for similar items in EconPapers)
JEL-codes: C8 C80 C81 C82 C83 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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