Eco-innovation for circular economy and sustainability performance: Insights and evidence from manufacturing firms

IF 12.5 1区管理学 Q1 BUSINESS Business Strategy and The Environment Pub Date : 2024-11-08 DOI:10.1002/bse.4046

Rafael Mora-Contreras, Javier Carrillo-Hermosilla, Giovanni Hernández-Salazar, Luz Elba Torres-Guevara, Andrés Mejia-Villa, Marta Ormazabal

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Abstract

Despite progress in the literature in understanding the relationships between barriers, drivers, and features of eco-innovations (EIs) to promote the circular economy (CE) and improve companies' sustainability results, the evidence remains limited and diffuse. To address this gap, we investigate the effect of barriers, sources of information, and features of innovations and EIs on manufacturing companies' CE and sustainability performance. This longitudinal study used official Colombian government data from 3144 manufacturing companies (2015–2020), considering partial least squares structural equation modeling. Our results reveal that developing or adopting (eco-) innovations with incremental features could cause a blockage in implementing high-level CE and in improving their overall sustainability performance. Similarly, radical (eco-) innovations need more evidence to clarify their impacts on CE and sustainability. Finally, we show that the improvement in environmental and CE performance attributed to (eco-) innovations has a significant and positive impact on the company's economics.

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生态创新促进循环经济和可持续性绩效：来自制造企业的见解和证据

尽管在理解生态创新（EIs）的障碍、驱动因素和特征之间的关系以促进循环经济（CE）和改善公司的可持续发展成果方面，文献取得了进展，但证据仍然有限且分散。为了弥补这一不足，我们研究了创新和生态创新的障碍、信息来源和特征对制造企业的循环经济和可持续发展绩效的影响。这项纵向研究使用了哥伦比亚政府的官方数据，这些数据来自 3144 家制造企业（2015-2020 年），研究采用了偏最小二乘法结构方程模型。我们的研究结果表明，开发或采用具有渐进特征的（生态）创新可能会阻碍企业实施高层次的企业行为准则和提高其整体可持续发展绩效。同样，激进的（生态）创新也需要更多的证据来说明其对行政首长协调会和可持续性的影响。最后，我们表明，（生态）创新带来的环境和 CE 绩效的改善对公司的经济效益有显著的积极影响。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.