RT journal article
T1 Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment
A1 Duque Grisales, Eduardo
A1 Aguilera Caracuel, Javier
A1 Guerrero Villegas, Jaime
A1 García Sánchez, Encarnación
A2 Organización de Empresas
K1 green innovation, Multilatinas, Environmental Management Systems, ISO 14001, research and development, R&D, emerging markets multinationals, Latin America
AB The purpose of this study is to explore the relationship between green innovation(GI) and financial performance (FP) in emerging markets multinationals from LatinAmerica (Multilatinas). Aligned with the natural resource-based view and institutionaltheory, and using moderated and hierarchical linear regression analyses withpanel data from 86 listed firms during the period 2013–2017, we find thatimplementing effective GIs is not associated with greater FP. The paper also analysesthe moderating effect of Environmental Management Systems (ISO 14001)and research and development (R&D) investment on the relationship between GIand FP. We find that Multilatinas' implementation of ISO 14001 does not affectthe way they adopt GI and thus does not enhance their levels of FP, but a positivemoderating effect is generated as companies increase their level of R&Dinvestment. The paper expands knowledge of the way GI affects Multilatinas' FP,and these findings have policy implications for managers, policy makers, governmentand other institutions.
PB Wiley
SN 1099-0836
YR 2020
FD 2020-12
LK http://hdl.handle.net/10498/34171
UL http://hdl.handle.net/10498/34171
LA eng
NO Spanish Ministry of Education and Science, Grant/Award Numbers: ECO2013-47009-P, ECO2016-75909-P, CAS18/00134; Business and Economics School of the University of Granada; Regional Government of Andalusia, Grant/Award Number: P11-SEJ-7988
DS Repositorio Institucional de la Universidad de Cádiz
RD 09-nov-2026