| Title | Attaining sustainable business performance via eco-innovation under ecological regulatory stringency and market turbulence |
|---|---|
| ID_Doc | 78267 |
| Authors | Larbi-Siaw, O; Hu, XH; Donkor, DO |
| Title | Attaining sustainable business performance via eco-innovation under ecological regulatory stringency and market turbulence |
| Year | 2023 |
| Published | |
| Abstract | The study examines approaches wherein two external factors spur Ghanaian firms to eco-innovate: ecological regulatory stringency and market turbulence. The study's conceptual framework is evaluated using survey data from 513 Ghanaian manufacturing firms using a hybrid Partial Least Square-Structural Equation Model and Arttificial Neural Network technique, which provides support to the proposed hypothesis. Thus, by dividing eco-innovation into product eco-innovation and process eco-innovation, we infer that ecological regulation stringency improves sustainable business performance primarily through process eco-innovation instead of product eco-innovation and market turbulence has a greater impact on sustainable business performance through product eco-innovation as opposed to process ecoinnovation. Our research adds to the literature on eco-innovation and green economy by providing a comprehensive framework for measuring a firm's pursuit of eco-innovation and sustainability in response to government and market pressures. We conclude by providing theoretical, methodological and practical implications. |
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