Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2017.06.022 |
The Relevance of Complementarities in the Study of the Economic Consequences of Environmental Proactivity: Analysis of the Moderating Effect of Innovation Efforts | |
Garces-Ayerbe, Concepcion1,2; Canon-de-Francia, Joaquin1,2 | |
2017-12-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2017 |
卷号 | 142 |
文章类型 | Article |
语种 | 英语 |
国家 | Spain |
英文摘要 | In this paper, we present arguments and empirical evidence that highlights one key aspect of the study of the relationship between environmental proactivity and economic performance in firms: The effect of complementarities with other innovation-related resources. According to the literature, environmental proactivity defined as the tendency to go beyond compliance with basic requirements established by law or institutionalized adoption of environmental practices in industry enables firms to improve both economic and environmental outcomes. Within the framework of the resource-based view and the dynamic capabilities approach, we find that this win-win situation is far more likely when environmental proactivity is adopted in conjunction with a proactive innovation strategy. By analyzing panel data with 336 observations (42 Spanish industrial firms over an eight year period), we demonstrate that environmental proactivity generates complementarities with technological proactivity that are sustainable and especially profitable in dynamic environments. More precisely, empirical evidence reveals that complementarities between environmental and technological proactivity are sustainable in groups of firms subject to high external pressure (such as that generated in the European Union Emissions Trading System context). Complementarities are also greater for companies during a financial crisis, a period characterized by high uncertainty and dynamism of the environment. This particularly advantageous win-win situation generated by environmental proactivity justifies its interpretation as a dynamic capability. (C) 2017 Elsevier B.V. All rights reserved. |
英文关键词 | Environmental proactivity Environmental investment Technological proactivity Complementarities Dynamic capabilities Economic performance |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412259200003 |
WOS关键词 | RESOURCE-BASED VIEW ; FINANCIAL PERFORMANCE ; DYNAMIC CAPABILITIES ; EMPIRICAL-ANALYSIS ; SUSTAINABLE DEVELOPMENT ; BUSINESS PERFORMANCE ; ABSORPTIVE-CAPACITY ; MANUFACTURING FIRMS ; PORTER HYPOTHESIS ; RESEARCH AGENDA |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15623 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Zaragoza, Fac Econ, Gran Via 2, Zaragoza 50005, Spain; 2.Univ Zaragoza, Empresa, Gran Via 2, Zaragoza 50005, Spain |
推荐引用方式 GB/T 7714 | Garces-Ayerbe, Concepcion,Canon-de-Francia, Joaquin. The Relevance of Complementarities in the Study of the Economic Consequences of Environmental Proactivity: Analysis of the Moderating Effect of Innovation Efforts[J]. ECOLOGICAL ECONOMICS,2017,142. |
APA | Garces-Ayerbe, Concepcion,&Canon-de-Francia, Joaquin.(2017).The Relevance of Complementarities in the Study of the Economic Consequences of Environmental Proactivity: Analysis of the Moderating Effect of Innovation Efforts.ECOLOGICAL ECONOMICS,142. |
MLA | Garces-Ayerbe, Concepcion,et al."The Relevance of Complementarities in the Study of the Economic Consequences of Environmental Proactivity: Analysis of the Moderating Effect of Innovation Efforts".ECOLOGICAL ECONOMICS 142(2017). |
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