The link among innovation drivers, green innovation and business performance: empirical evidence from a developing economy. (2016)

• Record Type: Journal Article
• Authors: Singh, Manvendra Pratap; Chakraborty, Arpita; Roy, Mousumi
• Is Part Of: World review of science, technology and sustainable development. Volume 12:Number 4(2016)
• Page Start: 316
• Page End: 334
• Publication Date: 2016
• Subjects: green innovation -- innovation drivers -- business performance -- manufacturing MSMEs -- manufacturing industry -- internal innovation drivers -- external innovation drivers -- structural equation modelling -- SEM -- India -- developing economies -- microenterprises -- small and medium-sized enterprises -- manufacturing SMEs -- environmental responsibility -- firm performance; Sustainable development -- Periodicals; Appropriate technology -- Periodicals; Technology transfer -- Periodicals; Globalization -- Periodicals; 338.92705
• Languages: English
• ISSNs: 1741-2242

Abstract

In recent years, growing attention among consumers, government and community towards environmental health has given importance to green innovation among industrial sector in developing economies. However, little research has been devoted to the consideration of the relation among innovation drivers, green innovation and business performance in manufacturing micro, small and medium enterprises (MSME). This study aims to provide empirical evidences of green innovation to motivate manufacturing MSMEs toward environmentally responsible activities. The research findings strongly validate the influence of innovation drivers and green innovation with 61% variance explained for firm's business performance. Furthermore, it has been found that green process and green organisational innovation have significant impact on business performance as compared to green product innovation. These research findings will provide a strong platform for designing strategic plans and spur adoption of green innovation in MSMEs of developing economies.