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Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes

This paper examines the influence of adopting resource efficiency actions, saving water, saving energy, using renewable energy, saving materials, minimizing waste, selling scrap, recycling, using durable products, promoting environmental responsibility, and offering green marketing products and serv...

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Main Author: Jie, Patricia Hung King
Format: Article
Published: MDPI 2023
Subjects:
Environmental Impact
Energy consumption
Business enterprises
Online Access:http://psasir.upm.edu.my/id/eprint/113313/
https://www.mdpi.com/2071-1050/15/12/9465
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spelling my.upm.eprints.1133132024-11-25T06:42:44Z http://psasir.upm.edu.my/id/eprint/113313/ Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes Jie, Patricia Hung King This paper examines the influence of adopting resource efficiency actions, saving water, saving energy, using renewable energy, saving materials, minimizing waste, selling scrap, recycling, using durable products, promoting environmental responsibility, and offering green marketing products and services on the performance of small and medium-sized enterprises (SMEs). More specifically, we investigate specific resource efficiency actions and their impact on production costs, investment, the available support for product expansion, and the effect of encountered barriers on SME performance. We develop a theoretical framework based on stakeholder- and resource-based theories to serve as the foundation for this analysis. We use these theories to explain the link between eco-efficiency actions, firm performance, and ecological behavior, along with public policy and innovation. This study uses Flash Eurobarometer survey datasets FL342, FL381, FL426, and FL456, which cover SMEs across time and sectors in 28 EU countries. The data are analyzed through descriptive and ordered logit regression analysis, using the Statistical Package for the Social Sciences (SPSS) to test the relationship between the above variables and the parameters. In terms of practical implications, these findings are crucial in helping SMEs pursue sustainable development. According to the findings, SMEs lack information on how implementing eco-efficiency action affects their financial health and sustainable innovation. This study can provide valuable insights into how implementing eco-efficiency practices can positively impact a company’s bottom line, good health, and employees’ well-being and how SMEs can use this information to make more informed decisions. Additionally, the findings can help inform policy makers about how to better support SMEs in pursuing sustainable development. MDPI 2023-06-13 Article PeerReviewed Jie, Patricia Hung King (2023) Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes. Sustainability, 15 (12). pp. 9456-9465. https://www.mdpi.com/2071-1050/15/12/9465 Environmental Impact Energy consumption Business enterprises 10.3390/su15129465
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
topic Environmental Impact
Energy consumption
Business enterprises
spellingShingle Environmental Impact
Energy consumption
Business enterprises
Jie, Patricia Hung King
Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes
description This paper examines the influence of adopting resource efficiency actions, saving water, saving energy, using renewable energy, saving materials, minimizing waste, selling scrap, recycling, using durable products, promoting environmental responsibility, and offering green marketing products and services on the performance of small and medium-sized enterprises (SMEs). More specifically, we investigate specific resource efficiency actions and their impact on production costs, investment, the available support for product expansion, and the effect of encountered barriers on SME performance. We develop a theoretical framework based on stakeholder- and resource-based theories to serve as the foundation for this analysis. We use these theories to explain the link between eco-efficiency actions, firm performance, and ecological behavior, along with public policy and innovation. This study uses Flash Eurobarometer survey datasets FL342, FL381, FL426, and FL456, which cover SMEs across time and sectors in 28 EU countries. The data are analyzed through descriptive and ordered logit regression analysis, using the Statistical Package for the Social Sciences (SPSS) to test the relationship between the above variables and the parameters. In terms of practical implications, these findings are crucial in helping SMEs pursue sustainable development. According to the findings, SMEs lack information on how implementing eco-efficiency action affects their financial health and sustainable innovation. This study can provide valuable insights into how implementing eco-efficiency practices can positively impact a company’s bottom line, good health, and employees’ well-being and how SMEs can use this information to make more informed decisions. Additionally, the findings can help inform policy makers about how to better support SMEs in pursuing sustainable development.
format Article
author Jie, Patricia Hung King
author_facet Jie, Patricia Hung King
author_sort Jie, Patricia Hung King
title Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes
title_short Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes
title_full Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes
title_fullStr Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes
title_full_unstemmed Eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from European smes
title_sort eco-efficiency, environmental and sustainable innovation in recycling energy and their effect on business performance: evidence from european smes
publisher MDPI
publishDate 2023
url http://psasir.upm.edu.my/id/eprint/113313/
https://www.mdpi.com/2071-1050/15/12/9465
_version_ 1817844623929769984
score 13.222552

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