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The Impact of Green Innovation on Organizational Performance: Evidence from Romanian SMEs

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  • Ana Maria Ifrim
  • Iuliana Camelia Stoenica
  • Anca Gabriela Petrescu
  • Florentina Raluca Bilcan

Abstract

The complexity of economic life in terms of competition imposed by the market economy increases the role of information in decision making. Its quality depends on the quality of current future innovative decisions taken and thus results. Based on the literature review, various innovation activities can be analysed along three dimensions: targets (the focus areas of eco-innovation: products, processes, marketing methods, organizations and institutions); mechanisms (the ways in which changes are made in the targets: redesign, alternatives and creation); and impacts (effects of eco-innovation on the environment). This paper examines whether using eco-innovation is an opportunity to increase the competitiveness of SMEs at a European level in the following areas: agriculture, manufacturing, environmental industries and construction. The results show that eco-innovation is therefore a powerful instrument, combining reduced negative impact on the environment with a positive impact on the economy and society.

Suggested Citation

  • Ana Maria Ifrim & Iuliana Camelia Stoenica & Anca Gabriela Petrescu & Florentina Raluca Bilcan, 2018. "The Impact of Green Innovation on Organizational Performance: Evidence from Romanian SMEs," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(1), pages 82-88, March.
    • Handle: RePEc:khe:scajes:v:4:y:2018:i:1:p:82-88
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    References listed on IDEAS

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    1. Triguero, Angela & Moreno-Mondéjar, Lourdes & Davia, María A., 2013. "Drivers of different types of eco-innovation in European SMEs," Ecological Economics, Elsevier, vol. 92(C), pages 25-33.
    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. Brouillat, Eric & Oltra, Vanessa, 2012. "Extended producer responsibility instruments and innovation in eco-design: An exploration through a simulation model," Ecological Economics, Elsevier, vol. 83(C), pages 236-245.
    4. Demirel, Pelin & Kesidou, Effie, 2011. "Stimulating different types of eco-innovation in the UK: Government policies and firm motivations," Ecological Economics, Elsevier, vol. 70(8), pages 1546-1557, June.
    5. Dorel Mihai Paraschiv & Estera Laura Nemoianu & Claudia Adriana Langă & Tünde Szabó, 2012. "Eco-innovation, Responsible Leadership and Organizational Change for Corporate Sustainability," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 404-419, June.
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    Cited by:

    1. Shaker M. Al-Kahtani & Nabil Ahmed Mareai Senan & Ibtisam Dhuwayhi Alanazi, 2024. "Environmental Responsibility, Strategy, and Competitive Advantage: Mediating Effect of Environmental Innovation," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 316-331, May.

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    More about this item

    Keywords

    Innovation; industry; strategy; technology; company;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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