Title: Green innovation and environmental and financial performance: trends and challenges for future research

Authors: Jaluza Maria Lima Silva Borsatto; Camila Lima Bazani

Addresses: FAGEN/UFU School of Management and Business of the Federal University of Uberlandia, Av. João Naves de Ávila, 2121. Room 1F216 – Campus Santa Mônica, Uberlândia, MG, 38400-902, Brazil ' Faculty of Accounting Sciences (FACIC) of the Federal University of Uberlândia (UFU), Av. João Naves de Ávila, 2121, Room 1J218 – Campus Santa Mônica, Uberlândia-MG, 38400-902, Brazil

Abstract: The relationship between green innovation (GI) and company performance has received increasing attention from researchers in recent years. In this way, the present study aims to present a synthesis of the most relevant academic research that relate Green Innovation and the company's financial and environmental performance, knowing in a standardised way the scientific information on the theme. Through an integrative literature review, 66 academic papers published in the journals of Science Direct, Scopus, and Web of Science databases, between 2012 and 2019, were analysed. The results showed that most studies were carried out in industries in developing countries. In addition, the results also demonstrated a positive relationship both between GI and financial performance (55%) and between GI and environmental performance (48%) in most of the studies analysed. These findings can contribute to the researchers for the formation of a solid conceptual based on the subject, guiding for future research.

Keywords: green innovation; financial performance; environmental performance; integrative literature review; environmental innovation; environmental regulations; eco-innovation.

DOI: 10.1504/IJISD.2023.127951

International Journal of Innovation and Sustainable Development, 2023 Vol.17 No.1/2, pp.152 - 181

Published online: 22 Dec 2022 *