Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | BBR. Brazilian Business Review (English edition. Online) |
Texto Completo: | http://www.bbronline.com.br/index.php/bbr/article/view/619 |
Resumo: | 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. |
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Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging CountriesRegulamentações Ambientais, Inovação Verde e Desempenho: Uma Análise de Empresas do Setor Industrial de Países Desenvolvidos e Países em DesenvolvimentoGreen InnovationFinancial PerformanceEnvironmental RegulationsInstitutional EnvironmentStructural Equation ModelingInovação VerdeDesempenho FinanceiroRegulamentações AmbientaisAmbiente InstitucionalModelagem de Equações EstruturaisThis 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.Este estudo analisou a relação entre o grau de severidade das regulamentações ambientais e a competitividade internacional dos países com os esforços em Inovação Verde (IV) e o desempenho financeiro de empresas do setor industrial de Países Desenvolvidos (PD) e Países em Desenvolvimento (PED). A amostra consistiu em 159 empresas industriais, listadas nas 500 maiores empresas do Financial Times por valor de mercado em 2015. Para a análise, utilizou-se a Modelagem de Equações Estruturais para verificar a relação entre as variáveis. Os principais resultados foram que o rigor das regulamentações ambientais dos países e o tamanho das empresas tiveram um impacto positivo estatisticamente significativo apenas no construto IV2, composto pelas variáveis Pacto Global e investimentos ambientais. A competitividade dos países não influenciou positivamente os esforços em IV das empresas, e o grau de internacionalização das empresas não teve efeito significativo sobre nenhum dos construtos de IV. Ademais, os esforços das empresas em IV não refletem positivamente no seu desempenho financeiro.FUCAPE Business Shool2020-09-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleArtigo revisado pelos paresapplication/pdfapplication/pdfhttp://www.bbronline.com.br/index.php/bbr/article/view/61910.15728/bbr.2020.17.5.5Brazilian Business Review; Vol. 17 No. 5 (2020): September to October 2020; 559-578Brazilian Business Review; v. 17 n. 5 (2020): Setembro a Outubro de 2020; 559-5781808-23861807-734Xreponame:BBR. Brazilian Business Review (English edition. Online)instname:Fucape Business School (FBS)instacron:FBSengporhttp://www.bbronline.com.br/index.php/bbr/article/view/619/929http://www.bbronline.com.br/index.php/bbr/article/view/619/930Copyright (c) 2020 Brazilian Business Reviewhttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessBorsatto, JaluzaBazani, CamilaAmui, Lara2020-09-02T20:07:50Zoai:ojs.pkp.sfu.ca:article/619Revistahttps://www.bbronline.com.br/index.php/bbr/indexONGhttp://www.bbronline.com.br/index.php/bbr/oai|| bbronline@bbronline.com.br1808-23861808-2386opendoar:2020-09-02T20:07:50BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)false |
dc.title.none.fl_str_mv |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries Regulamentações Ambientais, Inovação Verde e Desempenho: Uma Análise de Empresas do Setor Industrial de Países Desenvolvidos e Países em Desenvolvimento |
title |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
spellingShingle |
Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries Borsatto, Jaluza Green Innovation Financial Performance Environmental Regulations Institutional Environment Structural Equation Modeling Inovação Verde Desempenho Financeiro Regulamentações Ambientais Ambiente Institucional Modelagem de Equações Estruturais |
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 |
author |
Borsatto, Jaluza |
author_facet |
Borsatto, Jaluza Bazani, Camila Amui, Lara |
author_role |
author |
author2 |
Bazani, Camila Amui, Lara |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Borsatto, Jaluza Bazani, Camila Amui, Lara |
dc.subject.por.fl_str_mv |
Green Innovation Financial Performance Environmental Regulations Institutional Environment Structural Equation Modeling Inovação Verde Desempenho Financeiro Regulamentações Ambientais Ambiente Institucional Modelagem de Equações Estruturais |
topic |
Green Innovation Financial Performance Environmental Regulations Institutional Environment Structural Equation Modeling Inovação Verde Desempenho Financeiro Regulamentações Ambientais Ambiente Institucional Modelagem de Equações Estruturais |
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. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-09-02 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artigo revisado pelos pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/619 10.15728/bbr.2020.17.5.5 |
url |
http://www.bbronline.com.br/index.php/bbr/article/view/619 |
identifier_str_mv |
10.15728/bbr.2020.17.5.5 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/619/929 http://www.bbronline.com.br/index.php/bbr/article/view/619/930 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2020 Brazilian Business Review http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2020 Brazilian Business Review http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
FUCAPE Business Shool |
publisher.none.fl_str_mv |
FUCAPE Business Shool |
dc.source.none.fl_str_mv |
Brazilian Business Review; Vol. 17 No. 5 (2020): September to October 2020; 559-578 Brazilian Business Review; v. 17 n. 5 (2020): Setembro a Outubro de 2020; 559-578 1808-2386 1807-734X reponame:BBR. Brazilian Business Review (English edition. Online) instname:Fucape Business School (FBS) instacron:FBS |
instname_str |
Fucape Business School (FBS) |
instacron_str |
FBS |
institution |
FBS |
reponame_str |
BBR. Brazilian Business Review (English edition. Online) |
collection |
BBR. Brazilian Business Review (English edition. Online) |
repository.name.fl_str_mv |
BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS) |
repository.mail.fl_str_mv |
|| bbronline@bbronline.com.br |
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1754732239608872960 |