A resource‐based view of green innovation as a strategic firm resource: Present status and future directions

Abstract

Green innovation could become a valuable firm resource for establishing competitive advantage while simultaneously contributing towards sustainable development; in other words, green innovation has the potential to address the dilemma between consuming available resources and preserving them for the future. However, there is a dearth of studies systematically examining the present structure and future scope of research on green innovation as a firm resource. Seeking to explain the sustainable development dilemma of green innovations through the theoretical perspective of the resource‐based view of the firm, we address this gap with a comprehensive bibliometric analysis of 951 relevant articles. The key contributors to the extant literature are recognised with bibliographic coupling, citation analysis and co‐authorship analysis. A co‐citation analysis identifies four major thematic areas of research: green supply chain management, green product design, corporate environmental responsibilities and social sustainability. Further, a dynamic co‐citation analysis tracks the progression of these thematic areas. Content analysis of the thematic areas provides insights into the status of the research domain. This study also contributes to the extant literature by identifying prestigious articles on green innovation as a firm resource, analysing the co‐occurrence of keywords and suggesting future research agendas.

The significance of green entrepreneurial self-efficacy: Mediating and moderating role of green innovation and green knowledge sharing culture

“…These studies argued that employees' green ESE assists the firms in enhancing their GI, which in turn leads to an increase in firms' environmental, economic, and social performance. The idea of using GI as a key organizational resource could help with a variety of social and environmental problems connected to sustainable business practices (Khanra et al, 2022). Moreover, utilizing GI as a corporate resource might give your company long-term competitive benefits due to lower production costs.…”

Does better environmental, social, and governance induce better corporate green innovation: The mediating role of financing constraints

“…Green innovation can not only confer competitive advantage but also improve corporate sustainability and contribute to solving social problems (Han et al, 2022; Zhang & Zhu, 2019). However, owing to internal shortages in areas such as capital, technology, management, and talent, as well as external obstacles, such as market compatibility, technological turbulence, policy uncertainty, and poor external cooperation, corporate green innovation requires multilevel resources and capabilities (Khanra et al, 2021).…”

“…Increased public environmental awareness has forced firms to think beyond profit maximization, promote a green transition, and build a more sustainable future (Beckmann et al, 2014; Jiang et al, 2020; Lin et al, 2016; Lin, Chen, Yu, et al, 2021). In this regard, green innovation is a key way for firms to achieve sustainable development and obtain competitive advantage, ultimately striking a balance between resource consumption and environmental protection (Han et al, 2022; Khanra et al, 2021; Sun et al, 2021; Zhang & Zhu, 2019). Green innovation aims to produce new technologies, products, services, or business models that can reduce adverse environmental effects (Adams et al, 2016; Dong et al, 2022; Seebode et al, 2012).…”

“…There have many studies have examined the factors affecting corporate green innovation, such as external knowledge, R&D collaboration, CEO personality, consumer demand, competitive pressure, and environmental regulation (Chistov et al, 2021; Dong et al, 2022; Kesidou & Demirel, 2012; Sun et al, 2021). Quite a few studies have used the resource‐based view (RBV) to highlight the importance of specific corporate resources (Andersén, 2021; Khanra et al, 2021). Another strand of literature has emphasized the roles played by various stakeholders (Kawai et al, 2018; Lin et al, 2014).…”

Social capital-based financial literacy to improve business performance: a narrative review

“…The relationship between entrepreneurs and each other has not been so calculated to be involved in influencing the performance of an MSME (Ghardallou, 2022;Jousairi, 2006;Purwidianti et al, 2022). The background of the Indonesian people, most of whom still prioritize the principle of kinship and still uphold the culture in the region, is one of the factors that make social capital increasingly contribute to the ability of MSMEs to run a (Dewi, 2022;Khanra et al, 2022;Mertha Adnyana & Sudaryati, 2022) These factors are permanently embedded in the spirit of entrepreneurs, so strengthening social networks based on cultural backgrounds and local wisdom is necessary in Indonesia's business world. Local people in Indonesia already have wealthy local wisdom.…”