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The impact of eco-innovation on companies’ financial performance: an analysis of key contributions and trends in the literature

Author

Listed:
  • José Luís Lopes
  • Leonardo Fernando Cruz Basso

Abstract

Purpose - This study aims to present a bibliometric analysis combined with a systematic review of the empirical literature to verify whether the relationship between the impact of eco-innovation and the financial performance of companies is corroborated. Design/methodology/approach - This study uses bibliometric analysis and systematic review methods on 122 articles from Web of Science, Scopus and Science Direct, combining quantitative frequency and co-citation analysis with a qualitative exploration of themes in eco-innovation research. Findings - In their research on eco-innovation, the authors found that there is a need to better understand the impact of eco-innovation on companies’ financial performance in the knowledge gaps. Research limitations/implications - Research on eco-innovation identifies knowledge gaps and directions for future studies exploring environmental strategies to boost corporate commitment to sustainability. Originality/value - This study finds that eco-innovation is decisive for enhancing operational performance and understanding its effect on companies’ financial outcomes, offering perspectives on how environmental practices influence organizational finance.

Suggested Citation

  • José Luís Lopes & Leonardo Fernando Cruz Basso, 2024. "The impact of eco-innovation on companies’ financial performance: an analysis of key contributions and trends in the literature," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 24(1), pages 102-128, November.
    • Handle: RePEc:eme:rafpps:raf-07-2023-0217
    DOI: 10.1108/RAF-07-2023-0217
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