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Does sustainable innovation respond to SME's growth? European empirical evidence

Cristina I. Fernandes Orcid Logo, João J. M. Ferreira Orcid Logo, Pedro Mota Veiga, Sascha Kraus Orcid Logo, Paul Jones Orcid Logo

The International Journal of Entrepreneurship and Innovation

Swansea University Author: Paul Jones Orcid Logo

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DOI (Published version): 10.1177/14657503231194263

Abstract

There is an ongoing scholarly debate regarding the compatibility of sustained high levels of firm-level growth with today's environmental sustainability goals, which include targets for limiting carbon emissions and avoiding further biodiversity loss. In this study, we aim to explore this issue...

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Published in: The International Journal of Entrepreneurship and Innovation
ISSN: 1465-7503 2043-6882
Published: SAGE Publications 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa64346
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first_indexed 2023-09-03T18:57:45Z
last_indexed 2023-09-03T18:57:45Z
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spelling v2 64346 2023-09-03 Does sustainable innovation respond to SME's growth? European empirical evidence 21e2660aaa102fe36fc981880dd9e082 0000-0003-0417-9143 Paul Jones Paul Jones true false 2023-09-03 BBU There is an ongoing scholarly debate regarding the compatibility of sustained high levels of firm-level growth with today's environmental sustainability goals, which include targets for limiting carbon emissions and avoiding further biodiversity loss. In this study, we aim to explore this issue through a quantitative analysis of the relationship between firm-level growth and sustainable innovation (i.e., all innovations with benefits for the environment) within an international sample of small- and medium-sized enterprises (SMEs). To accomplish this, we utilise micro-data from the Community Innovation Survey, based on the conceptual framework provided by the Oslo Manual. By employing econometric models, we demonstrate that sustainable innovations promote SME growth. Specifically, we find that SMEs implementing sustainable innovations experience higher growth compared to those that do not practice them. Our research not only contributes to the existing literature in economics and management by providing more extensive knowledge but it also identifies several policy and management implications. Furthermore, we seek to offer novel insights into the importance of sustainable innovations adopted by growth-oriented SMEs. Journal Article The International Journal of Entrepreneurship and Innovation SAGE Publications 1465-7503 2043-6882 Sustainability; Innovation; SMe; growth 30 8 2023 2023-08-30 10.1177/14657503231194263 http://dx.doi.org/10.1177/14657503231194263 COLLEGE NANME Business COLLEGE CODE BBU Swansea University Not Required 2023-10-10T14:43:36.0969339 2023-09-03T19:47:14.7578786 Faculty of Humanities and Social Sciences School of Management - Business Management Cristina I. Fernandes 0000-0001-8560-0758 1 João J. M. Ferreira 0000-0002-5928-2474 2 Pedro Mota Veiga 3 Sascha Kraus 0000-0003-4886-7482 4 Paul Jones 0000-0003-0417-9143 5 64346__28762__10c71ac2ee034d05a74deb160429bf14.pdf 64346.VOR.pdf 2023-10-10T14:42:09.0787682 Output 617542 application/pdf Version of Record true © The Author(s) 2023. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng https://creativecommons.org/licenses/by/4.0/
title Does sustainable innovation respond to SME's growth? European empirical evidence
spellingShingle Does sustainable innovation respond to SME's growth? European empirical evidence
Paul Jones
title_short Does sustainable innovation respond to SME's growth? European empirical evidence
title_full Does sustainable innovation respond to SME's growth? European empirical evidence
title_fullStr Does sustainable innovation respond to SME's growth? European empirical evidence
title_full_unstemmed Does sustainable innovation respond to SME's growth? European empirical evidence
title_sort Does sustainable innovation respond to SME's growth? European empirical evidence
author_id_str_mv 21e2660aaa102fe36fc981880dd9e082
author_id_fullname_str_mv 21e2660aaa102fe36fc981880dd9e082_***_Paul Jones
author Paul Jones
author2 Cristina I. Fernandes
João J. M. Ferreira
Pedro Mota Veiga
Sascha Kraus
Paul Jones
format Journal article
container_title The International Journal of Entrepreneurship and Innovation
publishDate 2023
institution Swansea University
issn 1465-7503
2043-6882
doi_str_mv 10.1177/14657503231194263
publisher SAGE Publications
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
url http://dx.doi.org/10.1177/14657503231194263
document_store_str 1
active_str 0
description There is an ongoing scholarly debate regarding the compatibility of sustained high levels of firm-level growth with today's environmental sustainability goals, which include targets for limiting carbon emissions and avoiding further biodiversity loss. In this study, we aim to explore this issue through a quantitative analysis of the relationship between firm-level growth and sustainable innovation (i.e., all innovations with benefits for the environment) within an international sample of small- and medium-sized enterprises (SMEs). To accomplish this, we utilise micro-data from the Community Innovation Survey, based on the conceptual framework provided by the Oslo Manual. By employing econometric models, we demonstrate that sustainable innovations promote SME growth. Specifically, we find that SMEs implementing sustainable innovations experience higher growth compared to those that do not practice them. Our research not only contributes to the existing literature in economics and management by providing more extensive knowledge but it also identifies several policy and management implications. Furthermore, we seek to offer novel insights into the importance of sustainable innovations adopted by growth-oriented SMEs.
published_date 2023-08-30T14:43:37Z
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score 11.013148

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