Revisiting firm innovation and environmental performance: New evidence from Japanese firm-level data

Wang, J; Wang, L; Qian, X

Revisiting firm innovation and environmental performance: New evidence from Japanese firm-level data

Wang, J

Wang, L Qian, X

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Publisher:: Elsevier BV
Publication Type:: Journal Article
Citation:: Journal of Cleaner Production, 2021, 281, pp. 124446-124446
Issue Date:: 2021-01-25

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Field	Value	Language
dc.contributor.author	Wang, J https://orcid.org/0000-0001-6128-1254
dc.contributor.author	Wang, L
dc.contributor.author	Qian, X
dc.date.accessioned	2021-12-23T00:27:27Z
dc.date.available	2021-12-23T00:27:27Z
dc.date.issued	2021-01-25
dc.identifier.citation	Journal of Cleaner Production, 2021, 281, pp. 124446-124446
dc.identifier.issn	0959-6526
dc.identifier.uri	http://hdl.handle.net/10453/152477
dc.description.abstract	There is uncertainty in recent research regarding the relationship between business innovation and environmental performance. Employing matched panel data for 589 publicly listed companies from 2006 to 2014, this study investigated the relationship between innovation and CO2 emission reduction for companies in Japan. The mechanisms driving emissions reduction were also explored using multiple regression models. Results showed that investment in innovation increased labor productivity which in turn reduced energy intensity and carbon emission reductions. A heterogeneous analysis showed that the impact of research and development investment was the most pronounced for well-established businesses. Furthermore, the manufacturing sector was found to enjoy more environmental benefits from innovation due to its high energy intensity. Findings of this study highlight the importance of investment in innovation for its environmental and sustainability benefits.
dc.language	en
dc.publisher	Elsevier BV
dc.relation	National Natural Science Foundation of China71973093
dc.relation	National Natural Science Foundation of China71503161
dc.relation.ispartof	Journal of Cleaner Production
dc.relation.isbasedon	10.1016/j.jclepro.2020.124446
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	0907 Environmental Engineering, 0910 Manufacturing Engineering, 0915 Interdisciplinary Engineering
dc.subject.classification	Environmental Sciences
dc.title	Revisiting firm innovation and environmental performance: New evidence from Japanese firm-level data
dc.type	Journal Article
utslib.citation.volume	281
utslib.for	0907 Environmental Engineering
utslib.for	0910 Manufacturing Engineering
utslib.for	0915 Interdisciplinary Engineering
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access	*
dc.date.updated	2021-12-23T00:27:27Z
pubs.publication-status	Published
pubs.volume	281

Abstract:

There is uncertainty in recent research regarding the relationship between business innovation and environmental performance. Employing matched panel data for 589 publicly listed companies from 2006 to 2014, this study investigated the relationship between innovation and CO2 emission reduction for companies in Japan. The mechanisms driving emissions reduction were also explored using multiple regression models. Results showed that investment in innovation increased labor productivity which in turn reduced energy intensity and carbon emission reductions. A heterogeneous analysis showed that the impact of research and development investment was the most pronounced for well-established businesses. Furthermore, the manufacturing sector was found to enjoy more environmental benefits from innovation due to its high energy intensity. Findings of this study highlight the importance of investment in innovation for its environmental and sustainability benefits.

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http://hdl.handle.net/10453/152477