Effects of eco-innovation on economic and environmental performance: evidence from Turkey's manufacturing companies

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dc.contributor.authorYurdakul, Melek
dc.contributor.authorKazan, Halim
dc.date.accessioned2024-06-13T20:18:33Z
dc.date.available2024-06-13T20:18:33Z
dc.date.issued2020
dc.departmentFakülteler, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Uluslararası Ticaret ve Finansman Bölümü
dc.description.abstractThe concept of eco-innovation has begun to be considered as a solution to preventing environmental damage, especially since the 1990s. Eco-innovation is expected to reduce amounts of waste, air pollution, and material resource usage. However, the effect of eco-innovation on environmental and financial performance has received limited attention. This paper seeks to fill this gap by studying the effect of eco-innovation on environmental and financial performance. In order to do so, data were obtained by collecting surveys completed by 219 manufacturing companies in Turkey. By using structural equation modeling, we found that eco-innovation has a direct effect on pollution prevention, resource saving and recycling; furthermore, it has an indirect positive effect on cost reduction and thus on economic performance. The findings suggest that decision-makers should adopt eco-innovation due to its cost advantage and pollution prevention potential.
dc.description.sponsorshipScientific Research Project Coordination Unit of Istanbul University [:23327]
dc.identifier.doi10.3390/su12083167
dc.identifier.issn2071-1050
dc.identifier.issue8
dc.identifier.scopus2-s2.0-85084550220
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.3390/su12083167
dc.identifier.urihttps://hdl.handle.net/11501/1435
dc.identifier.volume12
dc.identifier.wosWOS:000535598700100
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorYurdakul, Melek
dc.institutionauthorid0000-0003-0495-9334
dc.language.isoen
dc.publisherMDPI
dc.relation.ispartofSustainability
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectEco-Innovation
dc.subjectEnvironmental Performance
dc.subjectFinancial Performance
dc.subjectManufacturing Companies
dc.subjectPath Analysis
dc.subjectStructural Equation Modeling
dc.titleEffects of eco-innovation on economic and environmental performance: evidence from Turkey's manufacturing companies
dc.typeArticle

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