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The Mediating Role of Eco-Innovation between Adaptive Environmental Strategy, Absorptive Capacity, and Environmental Performance

Author

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  • Juan Manuel Bucheli

    (Institución Universitaria Escuela Nacional del Deporte, Cali 7600, Colombia)

  • Ricardo Santa

    (Colegio de Estudios Superiores de Administración—CESA, Bogota 110311, Colombia)

  • Thomas Tegethoff

    (Colegio de Estudios Superiores de Administración—CESA, Bogota 110311, Colombia)

  • Katherine Quintero

    (Escuela Militar de Aviacion—EMAVI, Cali 5867, Colombia)

Abstract

This article delves into the role of adaptive environmental strategies, absorptive capacity, and eco-innovation in enhancing environmental performance, particularly in the context of market turbulence. The study, conducted among 568 companies in Colombia, employs structural equation modeling to evaluate relationships between the studied variables. The findings suggest that adaptive strategies alone do not directly impact environmental performance, emphasizing the need for integration with eco-innovation initiatives. Moreover, organizations with high absorptive capacity can leverage market turbulence to drive eco-innovative initiatives, highlighting the indirect yet significant impact of market turbulence on environmental performance through absorptive capacity. The study underscores the critical role of eco-innovation in directly influencing environmental outcomes, suggesting that the effectiveness of adaptive strategies and absorptive capacities hinges on successful eco-innovation initiatives. These insights offer practical guidance for organizations seeking to enhance their environmental performance in turbulent markets, providing a roadmap for sustainable business practices.

Suggested Citation

  • Juan Manuel Bucheli & Ricardo Santa & Thomas Tegethoff & Katherine Quintero, 2024. "The Mediating Role of Eco-Innovation between Adaptive Environmental Strategy, Absorptive Capacity, and Environmental Performance," Sustainability, MDPI, vol. 16(15), pages 1-16, July.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:15:p:6504-:d:1446048
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    References listed on IDEAS

    as
    1. Sohail Ahmad Javeed & Boon Heng Teh & Tze San Ong & Nguyen Thi Phuong Lan & Saravanan Muthaiyah & Rashid Latief, 2023. "The Connection between Absorptive Capacity and Green Innovation: The Function of Board Capital and Environmental Regulation," IJERPH, MDPI, vol. 20(4), pages 1-20, February.
    2. Santa, Ricardo & Ferrer, Mario & Bretherton, Phil & Hyland, Paul, 2009. "The necessary alignment between technology innovation effectiveness and operational effectiveness," Journal of Management & Organization, Cambridge University Press, vol. 15(2), pages 155-169, May.
    3. Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
    4. Tugkan Arici & M. Sahin Gok, 2023. "Examining Environmental Turbulence Intensity: A Strategic Agility and Innovativeness Approach on Firm Performance in Environmental Turbulence Situations," Sustainability, MDPI, vol. 15(6), pages 1-17, March.
    5. Colin C.J. Cheng & Eric C. Shiu, 2020. "Leveraging open innovation strategies for fueling eco-innovation performance in dynamic environments," Sustainability Accounting, Management and Policy Journal, Emerald Group Publishing Limited, vol. 11(7), pages 1245-1270, June.
    6. Jesús Morcillo-Bellido & Alfonso Duran-Heras, 2020. "Sustainability Governance Mechanisms in Supply Chains: An Application in the Retail Sector," Sustainability, MDPI, vol. 12(17), pages 1-16, August.
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