The Impact of Green Innovation on the Financial Performance of Companies: Context of MENA Countries
ISBN: 978-1-80455-973-4, eISBN: 978-1-80455-972-7
Publication date: 29 January 2024
Abstract
This study focuses on the impact of green innovation on oil and gas firms’ performance in the MENA region from 2010 to 2020. Return on assets (ROA) was used to measure the financial performance of firms. However, green innovation was measured using two different scores, namely the environmental pillar and the innovation scores. Additionally, we introduced an oil price-moderated variable to examine its effect on the firm’s performance and the green innovation nexus. We collected data from the DataStream database. Regarding our empirical part, we use the generalized least squares method to carry out the analysis. Results showed a positive impact between green innovation scores and the firm’s performance in the MENA region. Also, we found that green innovation has a linear effect on firm performance. Finally, a negative, moderated effect of crude oil prices on green innovation and the firm’s financial performance nexus has been found.
Keywords
Citation
Kasraoui, N., Ben-Ahmed, K. and Feidi, A. (2024), "The Impact of Green Innovation on the Financial Performance of Companies: Context of MENA Countries", Hamdan, A., Alareeni, B. and Khamis, R. (Ed.) Digital Technology and Changing Roles in Managerial and Financial Accounting: Theoretical Knowledge and Practical Application (Studies in Managerial and Financial Accounting, Vol. 36), Emerald Publishing Limited, Leeds, pp. 87-94. https://doi.org/10.1108/S1479-351220240000036008
Publisher
:Emerald Publishing Limited
Copyright © 2024 Naziha Kasraoui, Kais Ben-Ahmed and Amira Feidi