Eco-innovation and corporate waste management: The moderating role of ESG performance

Khaldoon Albitar (), Nohade Nasrallah (), Khaled Hussainey () and Yadong Wang ()
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Khaldoon Albitar: University of Glasgow
Nohade Nasrallah: Strasbourg University
Yadong Wang: University of Portsmouth

Review of Quantitative Finance and Accounting, 2024, vol. 63, issue 2, No 12, 805 pages

Abstract: Abstract Based on a sample of companies from G7 countries, we investigate the effect of eco-innovation on waste management as well as the moderating role of firms’ environmental, social, and governance (ESG) on this relationship. Our findings indicate that a higher level of eco-innovation might lead to a decline in firms’ total waste produced and an increase in firms’ magnitude of reusing and recycling waste. Likewise, our findings are associative with a moderating effect of ESG on the eco-innovation-waste management nexus. We argue that eco-innovation, along with better ESG performance, leads to a reduction in waste produced and thus better business waste management. Our study has several implications on micro- and macroeconomic levels. Countries should revisit their national strategies and domestic policies about circular economies to form international alliances and embrace more technological development.

Keywords: Eco-innovation; Waste management; Waste recycling; ESG performance; G7 countries (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11156-024-01281-5

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