When You Find the Opportunity in Negative Environmental Impacts: A Look at Firms' Responses, Performance and Innovativeness
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F25%3A39923575" target="_blank" >RIV/00216275:25410/25:39923575 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1002/csr.3245" target="_blank" >https://doi.org/10.1002/csr.3245</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/csr.3245" target="_blank" >10.1002/csr.3245</a>
Alternative languages
Result language
angličtina
Original language name
When You Find the Opportunity in Negative Environmental Impacts: A Look at Firms' Responses, Performance and Innovativeness
Original language description
As far as we know, recent knowledge on adverse environmental impacts on firms' green behaviour, innovativeness and performance is limited, including scant empirical analysis. Theoretical gaps, particularly in ecological economics and environmental management, can also be seen in this context. We therefore fill these shortcomings of prior research by empirically examining above impacts within the territory of the (1) Southern and (2) Central and Eastern European countries, where such analyses are missing. Based on the CB-SEM technique, our original approach tests how firms' environmental behaviours, innovativeness, and performances are affected by negative environmental impacts expressed by monetary losses because of (i) extreme weather events and (ii) pollution not generated by the firm. To this end, we analyse more than 6000 firms in 11 European countries. Newly, we confirm that exposure to environmental impacts spurs firms' green behaviours, which can also act as a mediator between these environmental shocks and firms' innovativeness. Moreover, we also confirm the mediating role of green behaviours between exposure to environmental impacts and sales performance within Central and Eastern European countries. To our surprise, we find that firms' innovativeness is positively affected by their exposure to environmental impacts among both analysed territories. Our study opens new frontiers in the research fields of ecological policy, climate change adaptation and firms' eco-innovation management and suggests several implications for practitioners and researchers.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Corporate Social Responsibility and Environmental Management
ISSN
1535-3958
e-ISSN
1535-3966
Volume of the periodical
32
Issue of the periodical within the volume
4
Country of publishing house
US - UNITED STATES
Number of pages
14
Pages from-to
5323-5336
UT code for WoS article
001488743300001
EID of the result in the Scopus database
2-s2.0-105005215533