Business, Management and Accounting
3 years ago

Green innovations boost young firms' success, but hinder older companies.

1 view
Technovation
The inverted U relationship between green innovative activities and firms’ market-based performance: The impact of firm age
Dante I. Leyva‐de la Hiz, María Teresa Bolívar–Ramos

Paper Summary

Environmental innovations can impact firm performance in a complex way. The relationship is not just positive or negative, but rather like an upside-down U shape. Older firms may struggle more than younger ones to benefit from these innovations. A study of 75 companies in the electrical components industry worldwide supports these ideas.

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