IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i11p8696-d1157526.html
   My bibliography  Save this article

The Impact of Eco-Innovation Adoption on Business Performance—A Study of the Hospitality Sector in Brazil

Author

Listed:
  • José Luís Lopes

    (Postgraduate Program in Administration, Mackenzie Presbyterian University, Sao Paulo 01302-907, Brazil)

  • Leonardo Fernando Cruz Basso

    (Department of Social and Applied Sciences, Mackenzie Presbyterian University, Sao Paulo 01302-907, Brazil)

Abstract

The objective of this study was to explore the impact of adopting eco-innovation on the performance of companies in the hotel sector in Brazil, since a large part of the growth in this sector is evidenced by concern for the environment, which is also reflected in the increase in demand for this leisure service and contact with nature. To carry out this study, quantitative research was carried out through the application of a questionnaire, which was sent to the managers of hotels and inns and analyzed through hypothesis tests with structural equation modeling of partial least squares (PLS-SEM). The results show that environmental pressure is positively related to the adoption of environmental practices, and this adoption is positively related to operational improvements and the competitiveness of companies in the hotel sector. Furthermore, the adoption of environmental practices is indirectly positively related to competitiveness, mediated by an operational improvement. Finally, the adoption of environmental practices, although positively related to performance mediated by competitiveness, was not statistically significant, and therefore, it cannot be said that this adoption would generate better performance in companies in the hotel sector in Brazil. Thus, in a broader context, the objective of this study was to provide useful empirical evidence and bring elements, perceptions, and support to the discussion of the theme that the adoption of eco-innovation positively impacts companies in the hotel sector.

Suggested Citation

  • José Luís Lopes & Leonardo Fernando Cruz Basso, 2023. "The Impact of Eco-Innovation Adoption on Business Performance—A Study of the Hospitality Sector in Brazil," Sustainability, MDPI, vol. 15(11), pages 1-25, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:11:p:8696-:d:1157526
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/11/8696/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/11/8696/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Adam Ryszko, 2017. "Eco-Innovation Performance and Selected Competitiveness Issues Perceived by Managers in the EU Member States - a Cross-Country Analysis," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(5), pages 1751-1760.
    2. Horbach, Jens & Rammer, Christian & Rennings, Klaus, 2012. "Determinants of eco-innovations by type of environmental impact — The role of regulatory push/pull, technology push and market pull," Ecological Economics, Elsevier, vol. 78(C), pages 112-122.
    3. Morrow, David & Rondinelli, Dennis, 2002. "Adopting Corporate Environmental Management Systems:: Motivations and Results of ISO 14001 and EMAS Certification," European Management Journal, Elsevier, vol. 20(2), pages 159-171, April.
    4. Justin Doran & Geraldine Ryan, 2016. "The Importance of the Diverse Drivers and Types of Environmental Innovation for Firm Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 25(2), pages 102-119, February.
    5. Shameek Konar & Mark A. Cohen, 2001. "Does The Market Value Environmental Performance?," The Review of Economics and Statistics, MIT Press, vol. 83(2), pages 281-289, May.
    6. Llorenç Bagur-Femenias & Dolors Celma & Josep Patau, 2016. "The Adoption of Environmental Practices in Small Hotels. Voluntary or Mandatory? An Empirical Approach," Sustainability, MDPI, vol. 8(7), pages 1-14, July.
    7. Esther Blanco & Javier Lozano & Javier Rey-Maquieira, 2009. "Do Tourism Firms Have Economic Incentives to Undertake Voluntary Environmental Initiatives?," Springer Books, in: Álvaro Matias & Peter Nijkamp & Manuela Sarmento (ed.), Advances in Tourism Economics, chapter 0, pages 235-253, Springer.
    8. Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
    9. Maria-del-Mar Alonso-Almeida & Alfredo Rocafort & Fernando Borrajo, 2016. "Shedding Light on Eco-Innovation in Tourism: A Critical Analysis," Sustainability, MDPI, vol. 8(12), pages 1-12, December.
    10. Horbach Jens, 2010. "The Impact of Innovation Activities on Employment in the Environmental Sector – Empirical Results for Germany at the Firm Level," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(4), pages 403-419, August.
    11. Lu Qiu & Xiaowen Jie & Yanan Wang & Minjuan Zhao, 2020. "Green product innovation, green dynamic capability, and competitive advantage: Evidence from Chinese manufacturing enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 146-165, January.
    12. Wu, Bao & Fang, Hanqing & Jacoby, Gady & Li, Geling & Wu, Zhenyu, 2022. "Environmental regulations and innovation for sustainability? Moderating effect of political connections," Emerging Markets Review, Elsevier, vol. 50(C).
    13. Nguyen Phong Nguyen & Samuel Adomako, 2022. "Stakeholder pressure for eco‐friendly practices, international orientation, and eco‐innovation: A study of small and medium‐sized enterprises in Vietnam," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 79-88, January.
    14. Klaus Rennings & Christian Rammer, 2009. "Increasing Energy and Resource Efficiency through Innovation: An Explorative Analysis Using Innovation Survey Data," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 59(5), pages 442-459, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sanni, Maruf, 2018. "Drivers of eco-innovation in the manufacturing sector of Nigeria," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 303-314.
    2. Pinget, Amandine, 2016. "Spécificités des déterminants des innovations environnementales : une approche appliquée aux PME [Specificities of determinants for environmental innovation : an approach applied to SMEs]," MPRA Paper 80108, University Library of Munich, Germany.
    3. Afshari, Hamid & Searcy, Cory & Jaber, Mohamad Y., 2020. "The role of eco-innovation drivers in promoting additive manufacturing in supply chains," International Journal of Production Economics, Elsevier, vol. 223(C).
    4. Amandine Pinget & Rachel Bocquet & Caroline Mothe, 2015. "Barriers to Environmental Innovation in SMEs: Empirical Evidence from French Firms," Post-Print hal-01300837, HAL.
    5. Magadán-Díaz, Marta & Sotiriadis, Marios & Rivas-García, Jesús, 2019. "Drivers of eco-innovation in the Spanish hospitality industry," MPRA Paper 94090, University Library of Munich, Germany.
    6. Antonioli, Davide & Mazzanti, Massimiliano, 2017. "Towards a green economy through innovations: The role of trade union involvement," Ecological Economics, Elsevier, vol. 131(C), pages 286-299.
    7. Donghong Li & Yi‐Chuan Liao & Pengcheng Ma, 2022. "Contingent view on the relationship between proactive environmental strategy and corporate performance: Toward stakeholder engagement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1605-1616, September.
    8. Mauro Romano & Antonio Netti & Antonio Corvino & Marika Intenza, 2024. "Environmental innovation in healthcare industry: The moderating role of women on board in cost of debt," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1921-1933, May.
    9. Brian Chi-ang Lin & Siqi Zheng & Nicolò Barbieri & Claudia Ghisetti & Marianna Gilli & Giovanni Marin & Francesco Nicolli, 2016. "A Survey Of The Literature On Environmental Innovation Based On Main Path Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 30(3), pages 596-623, July.
    10. Palmer, Mark & Truong, Yann, 2017. "The Impact of Technological Green New Product Introductions on Firm Profitability," Ecological Economics, Elsevier, vol. 136(C), pages 86-93.
    11. Marzucchi, Alberto & Montresor, Sandro, 2017. "Forms of knowledge and eco-innovation modes: Evidence from Spanish manufacturing firms," Ecological Economics, Elsevier, vol. 131(C), pages 208-221.
    12. Tariq, Adeel & Badir, Yuosre F. & Tariq, Waqas & Bhutta, Umair Saeed, 2017. "Drivers and consequences of green product and process innovation: A systematic review, conceptual framework, and future outlook," Technology in Society, Elsevier, vol. 51(C), pages 8-23.
    13. Vasileiou, Efi & Georgantzis, Nikolaos & Attanasi, Giuseppe & Llerena, Patrick, 2022. "Green innovation and financial performance: A study on Italian firms," Research Policy, Elsevier, vol. 51(6).
    14. Claudia Ghisetti & Francesco Quatraro, 2013. "Beyond the Inducement in Climate Change: Do Environmental Performances Spur Enrivornmental Technologies? A Regional Analysis of Cross-Sectoral Differences," Working Papers 2013112, University of Ferrara, Department of Economics.
    15. Gilles Grolleau & Naoufel Mzoughi & Sanja Pekovic, 2015. "Environmental management practices: good or bad news for innovations delivering environmental benefits? The moderating effect of market characteristics," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(4), pages 339-359, June.
    16. Peter S. Hofman & Constantin Blome & Martin C. Schleper & Nachiappan Subramanian, 2020. "Supply chain collaboration and eco‐innovations: An institutional perspective from China," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2734-2754, September.
    17. Elżbieta Sobczak & Dariusz Głuszczuk, 2022. "Diversification of Eco-Innovation and Innovation Activity of Small and Medium-Sized Enterprises in the European Union Countries," Sustainability, MDPI, vol. 14(4), pages 1-19, February.
    18. Céline Merlin-Brogniart & Simon Nadel, 2021. "Specificities of environmental innovation dynamics in service firms: the French case," Journal of Evolutionary Economics, Springer, vol. 31(2), pages 451-473, April.
    19. Alexandra Rese & Anke Kutschke & Daniel Baier, 2016. "Analyzing The Relative Influence Of Supply Side, Demand Side And Regulatory Factors On The Success Of Collaborative Energy Innovation Projects," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(02), pages 1-43, February.
    20. Amandine Pinget & Rachel Bocquet, 2017. "Spécificités des sources de connaissances pour l'innovation environnementale des PME," Post-Print hal-01699651, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:11:p:8696-:d:1157526. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.