Hope-hype of green innovation, corporate governance index, and impact on firm financial performance: a comparative study of Southeast Asian countries

Khan, Parvez Alam, Johl, Satirenjit Kaur, Kumar, Anil and Luthra, Sunil (2023) Hope-hype of green innovation, corporate governance index, and impact on firm financial performance: a comparative study of Southeast Asian countries. Environmental Science and Pollution Research. ISSN 0944-1344

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Abstract / Description

The current production and conception have impacted the environmental hazards. Green Innovation (GI) is the ideal solution for sustainable production, consumption, and ecological conservation. The objective of the study is to compare comprehensive green innovation (green product, process, service & organization) impact on firm financial performance in Malaysia and Indonesia, along with the first study to measure the moderation role of the corporate governance index. This study has addressed the gap by developing the green innovation and corporate governance index. Collected panel data from the top 188 publicly listed firms for three years and analyzed it using the General Least Square (GLS) method. The empirical evidence demonstrates that the green innovation practice is better in Malaysia, and the outcome also shows that the significance level is higher in Indonesia. This study also provides empirical evidence that board composition has a positive moderation relationship betwixt GI and business performance in Malaysia but is insignificant in Indonesia. This comparative study provides new insights to the policymakers and practitioners of both countries to monitor and manage green innovation practices.

Item Type:	Article
Additional Information:	This version of the article has been accepted for publication, after peer review and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s11356-023-26262-4
Uncontrolled Keywords:	sustainability; corporate governance; green innovation; environment; climate change
Subjects:	600 Technology > 650 Management & auxiliary services
Department:	Guildhall School of Business and Law
Depositing User:	Anil Kumar
Date Deposited:	28 Feb 2023 10:25
Last Modified:	18 Apr 2023 11:24
URI:	https://repository.londonmet.ac.uk/id/eprint/8347

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