Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries
This study analyzes whether the rigor of environmental regulations encourages industrial companies in developed and emerging countries to invest in Green Innovation (GI), and what is the impact on financial performance. The sample was composed of 159 industrial companies, listed in the Financial Tim...
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FUCAPE Business School
2020
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oai:doaj.org-article:10f8dcbb2e9b461cb065e90e909a72742021-11-11T15:48:08ZEnvironmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries1807-734X10.15728/bbr.2020.17.5.5https://doaj.org/article/10f8dcbb2e9b461cb065e90e909a72742020-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123064464005https://doaj.org/toc/1807-734XThis study analyzes whether the rigor of environmental regulations encourages industrial companies in developed and emerging countries to invest in Green Innovation (GI), and what is the impact on financial performance. The sample was composed of 159 industrial companies, listed in the Financial Times’ 500 largest companies by market value in 2015. For the analysis, Structural Equation Modeling was used to verify the relationship between the variables. The main results were that the strictness of the countries’ environmental regulations, and the size of the companies had a statistically significant positive impact only on construct GI2, composed of the variables Global Compact and environmental investments. Countries competitiveness did not positively influence companies’ GI efforts, and the degree of internationalization of companies had no significant effect on any of the GI constructs. Furthermore, the efforts of companies in GI do not reflect positively on their financial performance.Jaluza Maria Lima Silva BorsattoCamila BazaniLara AmuiFUCAPE Business Schoolarticlegreen innovationfinancial performanceenvironmental regulationsinstitutional environmentstructural equation modelingBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 17, Iss 5, Pp 559-578 (2020) |
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DOAJ |
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DOAJ |
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EN PT |
| topic |
green innovation financial performance environmental regulations institutional environment structural equation modeling Business HF5001-6182 |
| spellingShingle |
green innovation financial performance environmental regulations institutional environment structural equation modeling Business HF5001-6182 Jaluza Maria Lima Silva Borsatto Camila Bazani Lara Amui Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| description |
This study analyzes whether the rigor of environmental regulations encourages industrial companies in developed and emerging countries to invest in Green Innovation (GI), and what is the impact on financial performance. The sample was composed of 159 industrial companies, listed in the Financial Times’ 500 largest companies by market value in 2015. For the analysis, Structural Equation Modeling was used to verify the relationship between the variables. The main results were that the strictness of the countries’ environmental regulations, and the size of the companies had a statistically significant positive impact only on construct GI2, composed of the variables Global Compact and environmental investments. Countries competitiveness did not positively influence companies’ GI efforts, and the degree of internationalization of companies had no significant effect on any of the GI constructs. Furthermore, the efforts of companies in GI do not reflect positively on their financial performance. |
| format |
article |
| author |
Jaluza Maria Lima Silva Borsatto Camila Bazani Lara Amui |
| author_facet |
Jaluza Maria Lima Silva Borsatto Camila Bazani Lara Amui |
| author_sort |
Jaluza Maria Lima Silva Borsatto |
| title |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_short |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_full |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_fullStr |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_full_unstemmed |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_sort |
environmental regulations, green innovation and performance: an analysis of industrial sector companies from developed countries and emerging countries |
| publisher |
FUCAPE Business School |
| publishDate |
2020 |
| url |
https://doaj.org/article/10f8dcbb2e9b461cb065e90e909a7274 |
| work_keys_str_mv |
AT jaluzamarialimasilvaborsatto environmentalregulationsgreeninnovationandperformanceananalysisofindustrialsectorcompaniesfromdevelopedcountriesandemergingcountries AT camilabazani environmentalregulationsgreeninnovationandperformanceananalysisofindustrialsectorcompaniesfromdevelopedcountriesandemergingcountries AT laraamui environmentalregulationsgreeninnovationandperformanceananalysisofindustrialsectorcompaniesfromdevelopedcountriesandemergingcountries |
| _version_ |
1718433875448823808 |