Luz María Marín-Vinuesa, Pilar Portillo-Tarragona and Sabina Scarpellini
This study aims to define and measure the capabilities applied by firms to waste-related patents and their relations with the businesses economic performance to support…
Abstract
Purpose
This study aims to define and measure the capabilities applied by firms to waste-related patents and their relations with the businesses economic performance to support decision-making towards a circular economy (CE).
Design/methodology/approach
A model of cause-and-effect relationships between firms' waste-related patents and the firm' capabilities was defined within the dynamic capabilities' theoretical framework. Empirical results were obtained by applying partial least squares structural equation modelling to a sample of 2,216 Spanish firms that hold 120,406 patents.
Findings
Results revealed the importance of the innovation capabilities of firms related to patenting, such as collaborative innovation, persistence in patenting or the capabilities to collaborate with research institutes, as drivers of level of waste patents to improve the businesses economic performance.
Research limitations/implications
The systemic nature of the CE at the firm level suggests future research focused on the environmental divergence that appears when the innovation on waste fall outside the regular domain of its industry. Another topic to be investigated is related to the full text of patents that could improve the results of this study.
Practical implications
The definition of indicators to measure investments in the CE is complex, but it is necessary to assess progress in the closing of material loops at a micro level and to report the investments in waste-related patents in a circular model to the stakeholders involved in the economic management of the company.
Originality/value
Measuring CE-related patents and the specific capabilities needed for patenting in a circular framework is an understudied topic, and this study opens a specific line of inquiry enhancing the knowledge of CE within the dynamic capabilities' theoretical framework.
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Sabina Scarpellini, Pilar Portillo-Tarragona and Luz Maria Marin-Vinuesa
The purpose of this paper is to explore the determinants of successful eco-innovation processes, using R&D intensity and green patents as metrics for eco-innovation measurement…
Abstract
Purpose
The purpose of this paper is to explore the determinants of successful eco-innovation processes, using R&D intensity and green patents as metrics for eco-innovation measurement and analysis.
Design/methodology/approach
The paper reports the results of a quantitative study based on a sample of 2,218 firms with proactive profiles in eco-innovation, 249 of which have green patents registered in Spain or in the European Union.
Findings
The results suggest positive relationships between the activity of eco-innovation of firms with both the innovation activity in firms and the R&D intensity. The findings also confirm the influence of implementing innovation in the financial performance of business.
Research limitations/implications
The results will be useful for future studies on the subject and for practitioners making decisions on investments in collaborative R&D and its protection through industrial property in the form of green patents. The main determinants of eco-innovation analysed in this paper can be directly translated into practices because they provide information on how to strengthen these determinants in environmental R&D investments and the registration of green patents.
Practical implications
The results will be useful for future studies on the subject and for practitioners making decisions on investments in collaborative R&D and its protection through industrial property in the form of green patents. The main determinants of eco-innovation analysed in this paper can be directly translated into practices because they provide information on how to strengthen these determinants in environmental R&D investments and the registration of green patents.
Originality/value
Despite the popularity and potential impact of the eco-innovation on economy or society, it has fallen short in terms of its potential to improve financial performance in firms. This paper argues that the level of eco-innovation activity explains some variability in financial performance. In fact, those firms that have greater levels of innovation increase their performance.
Propósito
Explorar los determinantes del éxito de los procesos de ecoinnovación, utilizando la intensidad de I + D y las patentes verdes como indicadores para la medición y el análisis de la ecoinnovación.
Diseño/metodología/enfoque
Se analizan y presentan los resultados de una investigación cuantitativa basada en una muestra de 2218 empresas con perfiles proactivos en ecoinnovación, de las cuales 249 tienen patentes verdes registradas en España o en la Unión Europea.
Resultados
Los resultados sugieren relaciones positivas entre la actividad de ecoinnovación de las empresas con su actividad de innovación y la intensidad de la I + D. Los resultados también confirman los efectos que la implementación de innovaciones tiene sobre el desempeño financiero de las empresas.
Limitaciones/implicaciones de la investigación (si corresponde)
La medición de la ecoinnovación es incluso más compleja que la medición de la innovación debido a sus aspectos ambientales intrínsecos. Se podría alcanzar una evaluación más profunda con un mayor número de variables y una muestra más grande.
Implicaciones prácticas (si corresponde)
Los resultados serán útiles para futuros estudios sobre el tema y para los profesionales que toman decisiones sobre inversiones en investigación y desarrollo en colaboración y su protección a través de la propiedad industrial en forma de patentes verdes. Los principales determinantes de la ecoinnovación analizados en este estudio pueden traducirse directamente a las prácticas, ya que proporcionan información sobre cómo fortalecer estos determinantes en las inversiones en I + D ambiental y el registro de patentes verdes.
Originalidad/valor
A pesar de la popularidad y el impacto potencial de la ecoinnovación en la economía o la sociedad, se ha quedado corto en cuanto a su potencial para mejorar el desempeño financiero de las empresas. Este estudio sostiene que el nivel de actividad de ecoinnovación explica cierta variabilidad en el desempeño financiero. De hecho, aquellas empresas que tienen mayores niveles de innovación aumentan su desempeño.
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Concepción Garcés-Ayerbe, Sabina Scarpellini, Jesus Valero-Gil and Pilar Rivera-Torres
The environmental management literature has focussed on the analysis of the variety of strategic options with regards to environment protection, without providing an interesting…
Abstract
Purpose
The environmental management literature has focussed on the analysis of the variety of strategic options with regards to environment protection, without providing an interesting detail of the transformation and change process between the different alternatives. Therefore, the purpose of this paper is to study pro-environmental change processes in firms, focussing on the width and the intensity of environmental measures implemented in a three-year period in different areas (productive process, product, management and supply chains).
Design/methodology/approach
Performing a cluster analysis based on a sample of 303 Spanish firms, the study finds four categories of pro-environmental change.
Findings
The comparative analysis of these categories leads the authors to describe the pro-environmental change process as one with four stages that firms can go through. The first pro-environmental stage focusses on process measures. The second stage focusses on the adoption of management measures together with process measures. In the third stage, the firm moves after including measures in the product and in the supply chains. Companies that wish to advance further in this process, reaching the fourth stage of pro-environmental change, do so by increasing the intensity of the different measures adopted in previous stages, and through eco-innovation.
Research limitations/implications
The main contribution of this paper relative to the previous literature is a more detailed vision of the strategic possibilities in environmental protection, providing information about the process of change and about how firms evolve to more advanced environmental strategy stages. Knowledge of this evolution process, little studied in the previous literature, helps us to understand the complexity and strategic significance of adopting environmental protection measures. This knowledge is useful for academics and for public and private managers responsible for designing and developing environmental strategy.
Originality/value
One of the most original findings of this paper points out that it is possible to identify a pattern of environmental change through which firms can evolve. In this change process, firms start by adopting process measures, while they adopt eco-innovation behaviour only in the most advanced stage of environmental proactivity.
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Sabina Scarpellini, Luz María Marín-Vinuesa, Alfonso Aranda-Usón and Pilar Portillo-Tarragona
This paper aims to define and measure the environmental capabilities that are applied when the circular economy (CE) is introduced in businesses. Founded on the dynamic…
Abstract
Purpose
This paper aims to define and measure the environmental capabilities that are applied when the circular economy (CE) is introduced in businesses. Founded on the dynamic capabilities theoretical approach, the study analyzes different environmental competences that firms apply during this process. Environmental management systems, corporate social responsibility, reporting and accountability and other environmental accounting practices are studied in the same analytical framework used to study the environmental capabilities that influence the circular scope (CS) of firms. This study contributes to bridging the gap between academic research focused on environmental accounting and that investigating the introduction of the CE in businesses.
Design/methodology/approach
The results were obtained by using partial least squares structural equation modeling to analyze the relationship between environmental capabilities for the CE and the CS achieved by a sample of Spanish firms with more than 50 employees that expressed interest in the CE, eco-design, eco-innovation and other environmental issues.
Findings
Based on an analysis using the dynamic capabilities theoretical approach, the results suggest a positive relationship between the CS of firms, their environmental accounting practices and their level of corporate social responsibility (CSR) and accountability. Stakeholders’ pressure – which has a mediating effect on the CS of firms – is also analyzed, adding new insights to recent studies of this topic at the micro-level. The authors also explore whether the CS of businesses, which is related to the degree of their development of capabilities, influences environmental and financial performance.
Practical implications
The new insights obtained in this study can help overcome the limitations of conventional accounting approaches and incorporates a much broader scale of environmental information that can be applied to CE practices. These results also offer insights to practitioners regarding the internal measurement processes related to the CE and regarding CSR in particular for small and medium enterprises, because these metrics can be partially applied depending on the practices introduced in each firm. For policymakers, a better understanding of the CE’s introduction into businesses will contribute to the design of policies that can enhance its deployment, for example, by providing tools that set up regional priorities depending on the CE-related practices adopted by the firms located in the territory.
Social implications
A CE involves the transformation of a linear economic model into a circular one to reduce dependence on raw materials and energy and to reduce the environmental impact of production and consumption. Understanding how to manage the specific competences that integrate capabilities applied to the CE will allow firms to improve their social and environmental reporting. In addition, other social implications of this study relate to improving relationships with consumers and stakeholders and to the practice of social corporate sustainability.
Originality/value
This study goes beyond previous research on the CE to extend the authors’ knowledge about its adoption at the micro-level by taking a transversal approach, as its subject spans the fields of environmental accounting and the CE while addressing both in a framework of analysis. The analysis of the accounting concerns of the CE in businesses and the study of concerns related to endogenous environmental competences are quite original under the theoretical framework of dynamic capabilities, and this study is a first step in an incipient line of inquiry.
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Sabina Scarpellini, Raquel Ortega-Lapiedra, Miguel Marco-Fondevila and Alfonso Aranda-Usón
The purpose of this paper is to explain the influence of human capital (HC) on the organizations in terms of eco-innovative entrepreneurship, and the existing relations of these…
Abstract
Purpose
The purpose of this paper is to explain the influence of human capital (HC) on the organizations in terms of eco-innovative entrepreneurship, and the existing relations of these resources with economic and financial resources as well as other capabilities of the firms. A secondary challenge in the research is to define and measure the availability of HC in firms for those eco-innovative processes.
Design/methodology/approach
The targeted population for the study was eight eco-innovative companies in Spain. Within each company, a detailed CEO questionnaire was collected to measure HR information, certification or the existence of internal initiatives to promote eco/innovation, and secondary source records to measure economic and financial performance. This data collection strategy eliminated the possibility of percept-percept bias, since the data for each stage of the model were collected from different sources. The database has been analyzed through a qualitative comparative analysis (QCA).
Findings
The main conclusion from the QCA analysis indicates that the role of the specialized HC involved in the R&D and innovation activities, the environmental management of firms and the resources (energy) management are relevant factors in the eco-innovative process and they have to be specifically managed for the development of eco-innovations. The qualitative analysis shows that firms that devoted specialized HC to the eco-innovation activities are companies at least ten years old, which have R&D and innovation departments as well as a specific department for the environmental management. They have been certified through some environmental certification standards, have human resources devoted to the product design, promote entrepreneurship for innovation among their own employees and also have higher than the sector average rates of leverage.
Research limitations/implications
The main limitation of this paper is linked to the number of analyzed study cases, although all of them are sufficiently representative. Nevertheless, given that the empirical research addressing the interrelated factors of eco-innovation and HC is still not abundant, this study provides an interesting starting point for discussion and the improvement of the qualitative method applied in this paper. Moreover, further research is still needed to fully elucidate how the corporate entrepreneurship is promoted to respond to the eco-innovation strategy of firms, as well as to deeply explore the characteristics of the intellectual capital concerned to the eco-innovation processes.
Originality/value
As a novel application, the influence of HC in organizations in terms of eco-innovative entrepreneurship has been analyzed through the measurement of the level of HC specifically devoted to eco-innovation in eight eco-innovative companies. One of the contributions of this study is to define the variables to measure the HC that is available for eco-innovation in an eco-innovative firm. The main conclusions are of interest to practitioners concerning the eco-innovation development in firms.
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Zijun Lin, Chaoqun Ma, Olaf Weber and Yi-Shuai Ren
The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams…
Abstract
Purpose
The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams and future research directions in SFA.
Design/methodology/approach
The results are obtained using bibliometric citation analysis and content analysis to conduct a bibliometric review of the intersection of sustainable finance and sustainable accounting using a sample of 795 articles published between 1991 and November 2023.
Findings
The most influential factors in the SFA literature are identified, highlighting three primary areas of research: corporate social responsibility and environmental disclosure; financial and economic performance; and regulations and standards.
Practical implications
SFA has experienced rapid development in recent years. The results identify the current research domain, guide potential future research directions, serve as a reference for SFA and provide inspiration to policymakers.
Social implications
SFA typically encompasses sustainable corporate business practices and investments. This study contributes to broader social impacts by promoting improved corporate practices and sustainability.
Originality/value
This study expands on previous research on SFA. The authors identify significant aspects of the SFA literature, such as the most studied nations, leading journals, authors and trending publications. In addition, the authors provide an overview of the three major streams of the SFA literature and propose various potential future research directions, inspiring both academic research and policymaking.
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Aurora Martínez-Martínez, Juan-Gabriel Cegarra-Navarro, Alexeis Garcia-Perez and Francesca Vicentini
The purpose of this paper is to bring the attention of the intellectual capital (IC) research and practice communities to the value of IC in hotels' efforts to resolve or mitigate…
Abstract
Purpose
The purpose of this paper is to bring the attention of the intellectual capital (IC) research and practice communities to the value of IC in hotels' efforts to resolve or mitigate environmental problems over time. This research has been set to examine the relationships between key KM and IC concepts including environmental knowledge structures and exploitation and exploration of environmental knowledge (EK) as drivers of environmental organisational learning. The research has also examined the relevance of pro-environmental behavioural intention capital (PEBIC) as a component of structural capital and therefore an integral part of the intellectual capital of hotels.
Design/methodology/approach
The data analysis technique used to test the proposed conceptual model is partial least squares structural equation modelling (PLS-SEM). Sample received from 87 companies from the Spanish hospitality sector in a longitudinal study (six years).
Findings
The results support that environmental knowledge structures (exploitation and exploration) has a positive impact on PEBIC over time. In other words, environmental organisational learning has the capability to create structural capital in hotel over time.
Originality/value
The research has addressed the challenges of exploration and exploitation of EK and PEBIC from a perspective not previously covered in the extant literature, further improved by the longitudinal nature of this study. Our focus on the hospitality sector makes this research relevant for management structures at numerous of hotels, as well as to their supply chains around the world. In addition, this research highlights the value to create structural capital through EK and organisational learning in the context of take care of our natural resources.