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[Review on enterprises'eco-innovation].

Zhong Ju Liao¹, Chao Huang¹

¹School of Economics and Management, Zhejiang Sci-Tech University, Hangzhou 310018, China.

Ying Yong Sheng Tai Xue Bao = the Journal of Applied Ecology

|April 27, 2018

Summary

Eco-innovation drives sustainable development through knowledge and environmental benefits. This review synthesizes global research on its definition, antecedents, and impacts on corporate financial performance.

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Area of Science:

Environmental Science
Business Management
Innovation Studies

Background:

Eco-innovation is crucial for sustainable development, offering dual knowledge and environmental spillover benefits.
It has garnered significant attention from both academic and practical sectors.
Understanding eco-innovation is vital for advancing sustainable business practices.

Purpose of the Study:

To systematically review foreign literature on eco-innovation over the past decade.
To analyze the definition, characteristics, and dimensions of eco-innovation.
To explore the antecedents and impacts of eco-innovation on corporate financial performance.

Main Methods:

Systematic literature review of global research on eco-innovation from the last ten years.

Keywords:

eco-innovation environmental performance financial performance institutional theory

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Analysis based on institutional theory, stakeholder theory, and resource-based view.

Examination of mediating and moderating mechanisms between eco-innovation and financial performance.

Main Results:

Eco-innovation encompasses distinct definitions, characteristics, and dimensions.
Institutional theory, stakeholder theory, and resource-based view are key theoretical frameworks for understanding eco-innovation antecedents.
Eco-innovation exhibits both positive and negative effects on corporate financial performance, influenced by various mediating and moderating factors.

Conclusions:

Existing research provides a foundation for understanding eco-innovation.
Further research is needed to address limitations and explore future directions in eco-innovation studies.
Integrating theoretical perspectives offers a comprehensive view of eco-innovation's role in sustainable development.