@misc{10481/106178,
year = {2025},
month = {7},
url = {https://hdl.handle.net/10481/106178},
abstract = {The consequences of climate change have underscored the need for greater environmental responsibility, leading companies to
increase their efforts in developing sustainable practices, including eco-innovation strategies. Such initiatives have aroused the
interest of academics and professionals worldwide, particularly in the last decade, leading to several studies commissioned to
analyze the environmental performance of companies. However, these analyses have relied on complex and difficult-to-replicate
methodologies, limiting their reach to users. In this context, the aim of this paper is to develop a dominance-based ranking using
dummy variables that allow for a straightforward understanding of which companies, regions, and industries demonstrate the
highest degree of environmental performance in terms of eco-innovation, both from a general perspective and for each of the
dimensions of eco-innovation. This approach also responds to the methodological challenge of evaluating dummy variables, a
frequent feature in datasets describing corporate or individual characteristics, by providing a structured and comparable basis
for ranking without the need for subjective weighting. To this end, and for a sample of 4671 listed companies for the years 2020–
2022, the Pareto dominance approach is employed, preserving the multidimensional nature of the data and allowing for a more
nuanced comparison of alternatives without the need to aggregate multiple criteria into a single index, ensuring a robust and
interpretable ranking of eco-innovation leaders. The main results derived from this study show Asian regions and, especially,
European regions as leaders in eco-innovation. Additionally, this study highlights the most prominent industries and companies,
while also proposing future lines of research that may be relevant for shedding further light on this field of study},
organization = {Ministerio de Ciencia e Innovación - FEDER (grant number PID2021-128713OB-I00)},
publisher = {Wiley},
keywords = {Corporate environmental performance},
keywords = {Dominance analysis},
keywords = {Eco-innovation},
keywords = {Sustainability},
title = {Comparative Analysis of Corporate Environmental Performance in Terms of Eco-Innovation: Developing a Dominance Index (DMI) Approach},
doi = {10.1002/csr.70077},
author = {López-Pérez, Germán and García-Sánchez, Isabel María and Giménez, Víctor and Zafra-Gómez, José Luis},
}