TY - JOUR

T1 - Eco-innovation and corporate waste management: The moderating role of ESG performance

AU - Albitar, Khaldoon

AU - Nasrallah, Nohade

AU - Hussainey, Khaled

AU - Wang, Yadong

PY - 2024/8/1

Y1 - 2024/8/1

N2 - Based on a sample of companies from G7 countries, we investigate the effect of eco-innovation on waste management as well as the moderating role of firms’ environmental, social, and governance (ESG) on this relationship. Our findings indicate that a higher level of eco-innovation might lead to a decline in firms’ total waste produced and an increase in firms’ magnitude of reusing and recycling waste. Likewise, our findings are associative with a moderating effect of ESG on the eco-innovation‐waste management nexus. We argue that eco-innovation, along with better ESG performance, leads to a reduction in waste produced and thus better business waste management. Our study has several implications on micro- and macroeconomic levels. Countries should revisit their national strategies and domestic policies about circular economies to form international alliances and embrace more technological development.

AB - Based on a sample of companies from G7 countries, we investigate the effect of eco-innovation on waste management as well as the moderating role of firms’ environmental, social, and governance (ESG) on this relationship. Our findings indicate that a higher level of eco-innovation might lead to a decline in firms’ total waste produced and an increase in firms’ magnitude of reusing and recycling waste. Likewise, our findings are associative with a moderating effect of ESG on the eco-innovation‐waste management nexus. We argue that eco-innovation, along with better ESG performance, leads to a reduction in waste produced and thus better business waste management. Our study has several implications on micro- and macroeconomic levels. Countries should revisit their national strategies and domestic policies about circular economies to form international alliances and embrace more technological development.

U2 - 10.1007/s11156-024-01281-5

DO - 10.1007/s11156-024-01281-5

M3 - Article

VL - 63

SP - 781

EP - 805

JO - Review of Quantitative Finance and Accounting

JF - Review of Quantitative Finance and Accounting

IS - 2

ER -