Fostering green innovation performance through open innovation strategies: do green subsidies work?

Hoang Thu Thao () and Xuemei Xie ()
Additional contact information
Hoang Thu Thao: Shanghai University
Xuemei Xie: Tongji University

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 7, No 90, 18671 pages

Abstract: Abstract In today’s competitive market, the importance of open innovation with external involvement has been recognized. However, with the increasing number of manufacturers pursuing environmentally sustainable production, existing studies have failed to fully elaborate on the mechanism of how open innovation could foster its impact on green innovation performance. To address this research gap, this study investigates the role of open innovation as a driver of firms’ green product innovation performance and process innovation performance, as well as the moderating effect of green subsidies on these relationships. We empirically examine the research hypotheses employing survey data collected from 254 Vietnamese manufacturers analyzed by structural equation modeling (SEM). The data support all four hypotheses in our study (β = 0.251, β = 0.177, β = − 0.499, β = − 0.557 for 4 hypotheses respectively). In addition, we found that the different sources of external knowledge (market sources, institutional sources, specialized sources, and other sources) firms acquired convey different effects on green product and process innovation performance. Based on the evidence, policymakers and firm practitioners can also incorporate the findings and insights of this study while devising their policies to foster green innovation performance.

Keywords: Green product innovation performance; Green process innovation performance; Open innovation; Green subsidies (search for similar items in EconPapers)
JEL-codes: C83 L17 O36 Q01 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10668-023-03409-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:endesu:v:26:y:2024:i:7:d:10.1007_s10668-023-03409-4

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-023-03409-4

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().