The Impact of Eco-Innovation on Performance Through the Measurement of Financial Resources and Green Patents

[We’re pleased to welcome authors Luz María Marín-Vinuesa of the University of La Rioja, Sabina Scarpellini of the University of Zaragoza, Pilar Portillo-Tarragona of the University of Zaragoza , and José M. Moneva
of the University of Zaragoza. They recently published an article in Organization & Environment entitled “The Impact of Eco-Innovation on Performance Through the Measurement of Financial Resources and Green Patents,” which is currently free to read for a limited time. Below, they reflect on the contribution of their research:]

The paper contributes to the academic knowledge about eco-innovation in firms, its measurement and decision-making processes. This study tries to deepen the specific knowledge of the internal factors of eco-innovative companies that could have an impact on their financial performance, within the RBV framework. The objective is to define if financial resources are part of the range of those strategic, unique and inimitable resources that influence the eco-innovation level of a company, and therefore its performance.

Eco-innovation is positively related to the amount of financial resources allocated to the eco-innovative activity. A positive relationship between the cost saving obtained through eco- investments and the eco-innovation level in firms is also demonstrated. Results suggest that there is a positive relation between the level of eco-innovation performed by companies and their financial performance, which is an empirical contribution regarding the debate about the specific impact of eco-innovation.

The relevance of specific financial resources for eco-innovation points out new lines of inquire about their different dimensions, such as their quality, availability and (public nature) other qualitative aspects, and the influence of the firms’ capabilities in the efficient allocation of these resources to undertake investments in eco-innovation.

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