Cooperation With Universities in the Development of Eco-Innovations and Firms’ Performance

Abstract

In recent decades, the expansion of economic activity has been accompanied by negative environmental impacts. In response, there have been dramatic changes worldwide in terms of an increased demand for environmentally friendly products and services. To achieve these eco-innovations, firms have sought to acquire knowledge and implement operational flexibility by cooperating with different agents such as universities through a value cocreation system that is also expected to enhance firms’ performance. Using a sample of 250 companies, the present paper examines the role of cooperation with universities in the development of diverse environmental innovations and building operational flexibility and, through this, improving firm performance. Results show that firms that value cooperation with universities develop a wider range of environmental innovations and increase their sales and benefits.

Green supply chain integration, supply chain agility and green innovation performance: Evidence from Chinese manufacturing enterprises

“…In recent years, with increasing environmental pollution, external pressure has forced companies to gradually improve their environmental awareness and produce green products to reduce the damage to the environment (Arroyave et al, 2020;Khan et al, 2021b); thus, green innovation was born. Green innovation, also known as environmental innovation, is defined as an innovative activity wherein companies adopt new or improved products, processes, and organizational management to reduce pollution emissions and realize the harmonious coexistence between man and nature.…”

Individual Intangible Factor Aspect Co-Creation as Collaboration Research Product Activities HFNC 01 in Pandemic as A Case Study

“…Consumer desires and demands, along with the capacity of industry and research players to create new product values, motivate collaborative research collaborations with the industry to create new product innovations with added value (Vargo et al,2008). Arroyave et al (2020) studied the significance of collaborative activities between universities and various agencies for developing a shared value system to promote environmental innovation and enhance business performance. They discovered that shared value creation promotes operational flexibility and generates environmental innovation and boosts sales and corporate profits.…”

The Impact of Partnerships and Information Sharing on Corporate Sustainable Performance: A Mediation Model Moderated by Government Support

“…Firms must have sufficient capabilities and knowledge to respond to and develop solutions for current dynamic environmental demands. Therefore, cooperation with partners has become crucial to enabling firms to acquire basic knowledge, conduct competitive research, respond to new demands, and gain access to networks while increasing their reputations and thus improving their positions in the market ( Arroyave et al, 2020 ). Furthermore, cooperation with partners has turned in an opportunity for firms to obtain funding for research projects conducted by administrative bodies; on the other hand, it has also turned into an opportunity to implement long-term technological strategies to make the most of opportunities offered to them by the public R&D system ( Bayona-Saez et al, 2002 ).…”