Attaining sustainable business performance via eco-innovation under ecological regulatory stringency and market turbulence

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Title

Attaining sustainable business performance via eco-innovation under ecological regulatory stringency and market turbulence

Creator

Otu Larbi-Siaw, Hu Xuhua, Derrick Ofori Donkor

Description

The study examines approaches wherein two external factors spur Ghanaian firms to eco-innovate: ecological regulatory stringency and market turbulence.
The study's conceptual framework is evaluated using survey data from 513 Ghanaian manufacturing firms using a hybrid Partial Least Square-Structural Equation Model and Arttificial Neural Network technique, which provides support to the proposed hypothesis. Thus, by dividing eco-innovation into product eco-innovation and process eco-innovation, we infer that ecological regulation stringency improves sustainable business performance primarily through process eco-innovation instead of product eco-innovation and market turbulence has a greater impact on sustainable business performance through product eco-innovation as opposed to process eco-innovation.
Our research adds to the literature on eco-innovation and green economy by providing a …

Publisher

Elsevier

Date

2023

Source

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=2H8lVDsAAAAJ&citation_for_view=2H8lVDsAAAAJ:9yKSN-GCB0IC

Language

English