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Jana Hojnik 1, Mitja Ruzzier 1, Tatiana Manolova 2Eco-Innovation and Firm Efficiency: Empirical Evidence from Slovenia
2017.
Vol. 11.
No. 3.
P. 103–111
[issue contents]
Eco-innovation plays an increasingly important role for the competitiveness of companies. They open up new market opportunities due to the growing demand for eco-friendly products and can increase business efficiency. Using a dynamic capabilities lens, this article analyzes the relationships between various types of eco-innovation (product, process and organizational) and firm efficiency in the context of less innovative and more innovative companies. We use data from an online survey of Slovenian companies that have implemented eco-innovations as part of their operations. Statistical tests include an analysis of variance and a linear regression analysis. The main limitations of our analysis are the subjective data on the level of firms’ innovation and efficiency, the cross-sectional study design, and the single-country setting. Further in-depth longitudinal studies could better model the direction of causality between the implementation of eco-innovation and business efficiency, obtain objective data on business innovation, and ensure a more detailed and nuanced exploration of dynamic firm capabilities.
Citation:
Hojnik J., Ruzzier M., Manolova T. (2017) Eco-Innovation and Firm Efficiency: Empirical Evidence from Slovenia. Foresight and STI Governance, vol. 11, no 3, pp. 103–111. DOI: 10.17323/2500-2597.2017.3.103.111
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