Exploring the Impact of Complementary Assets on the Environmental Performance in Manufacturing SMEs

Abstract

Abstract:As the impact of small and medium-sized enterprises (SMEs) on the environment increases, there is a need for effective environmental policies to sustain their development. Under this condition, SMEs implement innovation to meet environmental regulations and to achieve environmental competitiveness in sustainability. We examine the impact of environmental innovation on labor productivity in SME manufacturers. The literature shows that complementary assets help SMEs to increase their performance in environmental innovation. Therefore, we study the interactive effects of the SMEs' business-group affiliation and the listing status on the relationship between environmental innovation and labor productivity. We add these interaction terms to multivariate regressions by using the 2010 Korea Innovation Survey. The results show that SMEs are able to use environmental innovation as a business strategy for green growth with improved labor productivity. Also, the results highlight that the business-group affiliation and the listing status as the complementary assets positively moderate the performance of the environmental innovation of the SMEs.

Suppliers' communication capability and external green integration for green and financial performance in Korean construction industry

“…Most suppliers are small-and medium-sized firms; because of lack of resources, they find it difficult to develop environmental capabilities and implement environmental management (Woo et al, 2014). On their own, these suppliers cannot contribute to an effective GSCM strategy/implementation in the construction sector because the decisions related to a construction project are mainly determined by the buyers.…”

Entrepreneurial Resources, Complementary Assets, and Platform Sustainability

“…Our paper makes the following contributions: There is much research focused on the relationship between entrepreneurial resources and enterprise sustainability [73,74] and the impact of complementary assets on enterprise sustainability [75,76]. However, there is a lack of research involving the impact of platform leadership and corporate reputation in the relationship between entrepreneurial resources, complementary assets, and platform sustainability.…”

Too Much Is as Bad as Too Little? Sources of the Intention-Achievement Gap in Sustainable Innovation

“…A survey method may be subject to some issues about the reliability of responses because it collects the data based on self-reports, which may lead to response biases such as self-enhancement bias. While KIS 2014 survey is systematically conducted by an authoritative and reliable research institute with supports of Korean government and used as a reliable data source by prior innovation studies [56][57][58][59], the use of the data collected through survey may be pointed out as a potential limitation of our study. In future studies, a more objective measure of sustainable innovation outcomes is recommended, if available, to rule out such restrictions (e.g., the actual decrease of energy-related costs in monetary unit).…”