Environmental Innovation, Environmental Performance and Financial Performance: Evidence from Malaysian Environmental Proactive Firms
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作者:
Ong, Tze San
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机构:
Univ Putra Malaysia, Fac Econ & Management, Dept Accounting & Finance, Upm Serdang 43400, Selangor, MalaysiaUniv Putra Malaysia, Fac Econ & Management, Dept Accounting & Finance, Upm Serdang 43400, Selangor, Malaysia
Ong, Tze San
[1
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Lee, Ah Suat
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Univ Tunku Abdul Rahman, Dept Commerce & Accountancy, Kampar 31900, MalaysiaUniv Putra Malaysia, Fac Econ & Management, Dept Accounting & Finance, Upm Serdang 43400, Selangor, Malaysia
Lee, Ah Suat
[2
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机构:
Teh, Boon Heng
[3
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Magsi, Hussain Bakhsh
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机构:
Lasbela Univ Agr, Fac Management & Social Sci, Water & Marine Sci, Uthal 90150, Balochistan, PakistanUniv Putra Malaysia, Fac Econ & Management, Dept Accounting & Finance, Upm Serdang 43400, Selangor, Malaysia
Magsi, Hussain Bakhsh
[4
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机构:
[1] Univ Putra Malaysia, Fac Econ & Management, Dept Accounting & Finance, Upm Serdang 43400, Selangor, Malaysia
[2] Univ Tunku Abdul Rahman, Dept Commerce & Accountancy, Kampar 31900, Malaysia
[3] Multimedia Univ, Fac Management, Cyberjaya 63100, Malaysia
[4] Lasbela Univ Agr, Fac Management & Social Sci, Water & Marine Sci, Uthal 90150, Balochistan, Pakistan
This study is aimed to investigate the relationship between environmental performance, environmental innovation, and financial performance of firms. A total of 124 responses were collected from managers of manufacturers certified by ISO 14001 EMS in Malaysia, and the data was subjected to a structural equation analysis using the Smart PLS version 3.2.7 software. The results have endorsed environmental competitive capabilities i.e. environmental innovation and environmental performance as the key enablers for the creation of economic values for environmental proactive manufacturing firms. Moreover, environmental innovation is also found to be the mediator that transforms the benefits of environmental performance into financial performance.