Risk management implementation and its efficacy towards green innovation: a conceptual framework for Malaysian solar photovoltaic industry

Mukhtar, Bilal; Shad, Muhammad Kashif; Woon, Lai Fong; Hamad, Salaheldin

doi:10.1108/jeas-12-2022-0260

Cited by 4 publications

(1 citation statement)

References 49 publications

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“…Furthermore, Yusr et al (2020) concluded that green innovative enterprises, even those who practice green in their products and processes, can achieve high levels of sustainable economy by reducing waste and enhancing productivity. Thus, overall, enterprises with higher green innovation achieve greater energy efficiency and curb environmental issues that strengthen their eco-friendly image, ultimately contributing to higher profitability (Mukhtar et al , 2023b). Thus, overall, enterprises with higher green innovation achieve superior energy efficiency and curtail environmental issues that boost their eco-friendly image, ultimately contributing to higher profitability.…”

Section: Literature Reviewmentioning

confidence: 99%

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Mukhtar

Shad

Woon

et al. 2023

SRJ

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Purpose This study aims to propose a conceptual framework to examine the impact of corporate social responsibility (CSR) and green organizational culture (GOC) on green innovation with the moderating role of environmental, social and governance (ESG) disclosure in the Malaysian manufacturing industry. Design/methodology/approach The study is based on primary data to be collected from 204 manufacturing enterprises of consumers, products and services sector through a questionnaire that incorporates the five-point Likert scale. The exploratory factor analysis is proposed to be performed using SPSS 24.0 and confirmatory factor analysis is suggested to be conducted using AMOS.21 software to explore the factors and reliability of the items and to confirm the factorial structure of pertinent variables, respectively. Furthermore, partial least square structural equation modeling is proposed to investigate relationships between constructs and latent variables. Findings The proposed framework suggests that the comprehensive adoption of CSR and GOC with the moderating role of ESG disclosure has a significant and positive impact on green innovation. Practical implications This study provides insights into formulating strategies for enhancing green innovation and serves as a valuable resource for stakeholders for sustainable development in manufacturing enterprises. Originality/value To the best of the authors’ knowledge, regarding originality, this is the first attempt at conceptualizing the integrated framework of CSR, GOC, green innovation and ESG disclosure for collective examination that is likely to extend the existing literature. Furthermore, this study extends stakeholders and resource-based view theory by proving their utility in the perspective of CSR, GOC, green innovation and ESG disclosure to achieve environmental sustainability.

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Section: Literature Reviewmentioning

confidence: 99%

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Mukhtar

Shad

Woon

et al. 2023

SRJ

Self Cite

View full text Add to dashboard Cite

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Fostering sustainability performance in the Malaysian manufacturing companies: the role of green technology innovation and innovation capabilities

Mukhtar,

Shad,

Lai

2024

BIJ

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PurposeThe purpose of this study is to examine the influence of green technology innovation on sustainability performance with the moderating effect of innovation capabilities in the Malaysian manufacturing listed companies.Design/methodology/approachThis was a quantitative study and carried out by applying a research survey. The questionnaire was used to collect the data from 204 Malaysian manufacturing companies of the “consumer products and services” sector listed at Bursa Malaysia, incorporating a five-point Likert scale. All the hypothesized relationships were tested by using the partial least square structural equation modeling (PLS-SEM).FindingsThe empirical results showed that the comprehensive adoption of green technology innovation significantly promotes sustainability performance including economic, environmental and social performance. In addition, innovation capabilities significantly and positively moderate the relationship between green technology innovation and sustainability performance.Research limitations/implicationsThe scope of this study is specifically confined to the Malaysian manufacturing listed companies, operating within the consumer products and services sector listed at Bursa Malaysia. Consequently, the findings of this study may not be generalized to manufacturing companies of the different geographical contexts.Practical implicationsThe findings of this study may help the top management and policymakers of the Malaysian manufacturing listed companies to scrutinize green technology innovation and innovation capabilities to achieve higher sustainability performance.Originality/valueThis study magnifies and provides new insights into the extant literature by developing a comprehensive research model that concurrently tests the direct and moderation effects between green technology innovation, innovation capabilities and sustainability performance. Additionally, this is the first study to examine the influence of green technology innovation on sustainability performance with the moderating effect of innovation capabilities in the Malaysian manufacturing listed companies. This distinct approach significantly bolsters the originality of this study.

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Empirical analysis of ESG-driven green innovation: the moderating role of innovation orientation

Mukhtar,

Shad,

Lai

et al. 2023

MSAR

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PurposeThe purpose of this study is to examine the influence of ESG practices on green innovation with the moderating effect of innovation orientation in Malaysian manufacturing listed companies.Design/methodology/approachThis study employed a quantitative research approach by using a well-structured questionnaire for data collection. The questionnaire was distributed to 204 Malaysian manufacturing listed companies in consumer products and services sector. Finally, partial least square-structural equation modeling (PLS-SEM) was utilized to examine the relationship between constructs.FindingsBased on stakeholder theory, results indicated that environmental, social and governance (ESG) practices significantly improve green innovation. The insignificant moderating effect of innovation orientation was identified between the relationship of environmental and social practices and green innovation. Interestingly, results affirmed the negative moderating effect between the relationship of governance practices and green innovation.Research limitations/implicationsThis study is limited to Malaysian manufacturing companies of consumer products and services sector in Bursa Malaysia. Hence, the findings of this study cannot be generalized to manufacturing companies of other geographical contexts.Practical implicationsThis work provides constructive implications to management and policymakers of Malaysian manufacturing companies in strategic planning toward enhancing green innovation and developing business competitiveness to achieve sustainable business performance.Originality/valueThis research magnifies valuable insights into the literature through a comprehensive model that simultaneously investigates the relationships between ESG practices, innovation orientation and green innovation. In addition, this is the first attempt to investigate the influence of ESG practices on green innovation with a moderating effect of innovation orientation, which indeed strengthens the originality of this study.

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Risk management implementation and its efficacy towards green innovation: a conceptual framework for Malaysian solar photovoltaic industry

Cited by 4 publications

References 49 publications

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Integrating ESG disclosure into the relationship between CSR and green organizational culture toward green Innovation

Fostering sustainability performance in the Malaysian manufacturing companies: the role of green technology innovation and innovation capabilities

Empirical analysis of ESG-driven green innovation: the moderating role of innovation orientation

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