Green Innovation Capability and Financial Performance

Megumi Suto () and Hitoshi Takehara ()
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Megumi Suto: Waseda University
Hitoshi Takehara: Waseda University

Chapter Chapter 5 in Stakeholder Engagement and Innovation in Japan, 2025, pp 113-134 from Springer

Abstract: Abstract In this chapter, we examine the relationship between environmental innovation and the financial performance of Japanese firms by developing a novel measure of green innovation capability. The empirical results show a negative correlation between this capability and firm risk, suggesting that green innovation reduces the risk faced by firms.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-0316-9_5

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DOI: 10.1007/978-981-96-0316-9_5

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