Does corporate green innovation enhance the persistence of financial performance? Evidence from Chinese listed corporations

2021 ◽  
Author(s):  
Yansong Wang ◽  
Zihan Ouyang ◽  
Tzu-Yu Lin ◽  
Sheng-Hsiung Chiu
Keyword(s):  
Financial Performance ◽  
Green Innovation

scholarly journals The Effect of Green Innovation on Financial Performance With Environmental Dynamism As Moderating Variable

2021 ◽  
Vol 58 (1) ◽  
pp. 5228-5234
Author(s):  
Andi Hidayatul Fadlilah Et al.
Keyword(s):  
Financial Performance ◽  
Environmental Degradation ◽  
Stock Exchange ◽  
Secondary Data ◽  
Environmentally Friendly ◽  
Partial Least Square ◽  
Least Square ◽  
Environmental Dynamism ◽  
Green Innovation ◽  
Result Show

Introduction: The Company claims that the product is finally categorized as environmentally friendly, but industrial entities do not provide sufficient explanation regarding their efforts to reduce environmental degradation. Purpose: The purpose of this paper is to determine influence of the green innovation on financial performance as well as through environmental dynamism as a moderating variable. Method: The data used in this research are secondary data involving 246 companies listed on the Indonesian Stock Exchange for the period 2012-2018. The data used in this study were analyzing using partial least square and carried out with the help of software Warp PLS 6.0. Finding: The result show that the green innovation has a positive significant effect on financial performance. Originality:  The result also show environmental dynamism strengthens of green innovation on financial performance

The mediating role of financial performance in the relationship between green innovation and firm value: evidence from ASEAN countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nur Asni ◽  
Dian Agustia
Keyword(s):  
Financial Performance ◽  
Firm Value ◽  
Mediating Effect ◽  
Manufacturing Companies ◽  
Green Innovation ◽  
Content Type ◽  
Mediating Role ◽  
Asean Countries ◽  
The Relationship

PurposeThe purpose of this paper is to investigate the mediating role of financial performance (FP) in modelling the relationship between green innovation (GI) and firm value (FV), using ASEAN countries as sample with panel analysis.Design/methodology/approachA panel data was collected from 374 publicly traded companies in six ASEAN countries, and was analysed using feasible general least squares (FGLS) to control heteroscedasticity and serial correlation.FindingsThe findings suggest that financial performance, namely return on assets (ROA) and return on equity (ROE), has a significant value in mediating the relationship between GI and FV. This illustrates that investors in the ASEAN region's capital market are more interested in the economic motivation for companies implementing GI. Other findings also provide evidence that ROA and ROE have positive and significant effects on FV. This indicates that the profitability resulting from a firm's ability to continuously innovate has a positive impact on the creation of value by manufacturing companies in the ASEAN region.Research limitations/implicationsThe number of observations is still relatively limited, from manufacturing companies listed on stock exchanges in the ASEAN countries. The total number of samples used in this study was 374 companies with 22.30% of the total population.Originality/valueThis study combines the different types of secondary data to provide panel evidence on the mediating effect of financial performance using ROA and ROE in the relationship between green innovation and firm value, using ASEAN countries as the sample.

Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment

2020 ◽  
Vol 29 (8) ◽  
pp. 3286-3302
Author(s):  
Eduardo Duque‐Grisales ◽  
Javier Aguilera‐Caracuel ◽  
Jaime Guerrero‐Villegas ◽  
Encarnación García‐Sánchez
Keyword(s):  
Financial Performance ◽  
Iso 14001 ◽  
Green Innovation ◽  
D Investment ◽  
Moderating Role

Green Innovation and Financial Performance

2013 ◽  
Vol 26 (4) ◽  
pp. 365-385 ◽  
Author(s):  
Javier Aguilera-Caracuel ◽  
Natalia Ortiz-de-Mandojana
Keyword(s):  
Financial Performance ◽  
Green Innovation

scholarly journals The Mediation Effect Firm Performance on Green Innovation and Firm Value: Evidence the Mining Industry

2021 ◽  
Vol 12 (3) ◽  
pp. 1377-1783
Author(s):  
Andi Auliya Ramadhany Et.al
Keyword(s):  
Financial Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Mining Industry ◽  
Secondary Data ◽  
Total Sample ◽  
Iso 14001 ◽  
Mediation Effect ◽  
Environmental Damage ◽  
Green Innovation

Global warming is currently an issue that is widely discussed of both the accounting literature and others. The topic of environmental performance is gaining increasing attention from academics and politics when it is associated with each country’s policies regarding environmental damage. Purpose: This article to investigate both the direct and indirect the effect of green innovation and firm value on financial performance as mediating variable Design/methodology/approach: The samples in this study are applied using purposive sampling ad obtained total sample of PROPER participating companies listed in Indonesia Stock Exchange during the year of 2012-2018. The data used in this study are secondary data obtained from annual report. Companies are listed on the Indonesia Stock Exchange in mining industry in 2012-2018. The variable green innovation was measured by using PROPER, the financial performance was measured by ROA and the firm value were measured by Tobin’s Q. Data processing uses SEM-PLS with WarpPLS 6.0 with the consideration that SEM-PLS is a reliable tool for testing predictive models. Several studies using capital market data in Indonesia have found data with abnormal distribution, so data using PLS is appropriate. Result of the study: The authors find that the green innovation has a positive effect on the firm value and financial performance full mediate the effect green innovation and firm value. Research limitations: this article only examines green innovation using the PROPER measure while the green innovation measure is thought to be related to company value such as ISO 14001, content analysis is not discussed at all in this article and the research sample is limited to mining companies. This scope may not be able to describe the overall conditions in Indonesia. Originality/value: This study comprehensively examines both direct and indirect effect of green innovation with financial performance and firm value, which is rarely examined in extant studies.

ESG and corporate financial performance: the mediating role of green innovation: UK common law versus Germany civil law

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Salim Chouaibi ◽  
Jamel Chouaibi ◽  
Matteo Rossi
Keyword(s):  
Financial Performance ◽  
Firm Value ◽  
Mediation Effect ◽  
Green Innovation ◽  
Content Type ◽  
Mediating Role ◽  
Thomson Reuters ◽  
The Board Of Directors ◽  
The Relationship

PurposeThe purpose of this paper is to investigate the direct and indirect links between environmental, social and governance (ESG) practices and financial performance using the mediate role of green innovation.Design/methodology/approachTo test the current study hypotheses, the authors applied linear regressions with a panel data using the Thomson Reuters ASSET4 and Bloomberg database from a sample of 115 UK and 90 Germany companies selected from the ESG index over the period 2005–2019.FindingsThe results show that the strengths ESG increase the firm value and the weaknesses decrease it. In addition, the authors find that green innovation fully mediates the relationship between ESG practices and financial performance in UK and Germany.Practical implicationsThe findings provide interesting implications to academics practitioners and regulators who are interested in discovering ESG score, financial performance and green innovation. The results also provide insights to regulators and the board of directors on future growth opportunities for the company and the country.Originality/valueThis study is unique in examining the mediation effect of green innovation on the relationship between ESG practices and financial performance.

Does green innovation damage financial performance of oil and gas companies?

2021 ◽  
Vol 73 ◽  
pp. 102235
Author(s):  
Tonje Marthinsen Aastvedt ◽  
Niaz Bashiri Behmiri ◽  
Li Lu
Keyword(s):  
Financial Performance ◽  
Oil And Gas ◽  
Green Innovation ◽  
Oil And Gas Companies

scholarly journals Structure of Green Supply Chain Management for Sustainability of Small and Medium Enterprises

2021 ◽  
Vol 14 (1) ◽  
pp. 50
Author(s):  
Donghyuk Jo ◽  
Chulhwan Kwon
Keyword(s):  
Supply Chain ◽  
Financial Performance ◽  
Small And Medium Enterprises ◽  
Green Supply Chain Management ◽  
Green Supply Chain ◽  
Green Innovation ◽  
Chain Management ◽  
Innovation Capacity ◽  
Medium Enterprises ◽  
Green Supply Chains

Today’s manufacturing-based small and medium enterprises (SME) face the need to implement green supply chains more efficiently in order to overcome environmental barriers in increasingly competitive markets and to improve financial performance. This study examines the structural relationship between environmental collaboration, green innovation capacity, and performance based on the findings of previous studies in order to identify the factors affecting the green supply chain management (GSCM) performance of Korean manufacturing-based SMEs. The study finds that environmental collaboration in the green supply chain environment is an important driver of green innovation capacity for manufacturing-based Korean SMEs. It also finds that green innovation capacity has a positive effect on financial performance through environmental performance. This study establishes a theoretical basis for the systematic study of the structural mechanisms of green supply chains and suggests strategic directions for manufacturing-based SMEs’ successful GSCM implementation.

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