Exploring the Effects of Innovation Strategies and Size on Manufacturing Firms’ Productivity and Environmental Impact
Metadatos
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MDPI
Materia
Innovation strategies Productivity Environmental impacts Manufacturing Size
Date
2021Referencia bibliográfica
Seclen-Luna, J.P.; Moya-Fernández, P.; Pereira, Á. Exploring the Effects of Innovation Strategies and Size on Manufacturing Firms’ Productivity and Environmental Impact. Sustainability 2021, 13, 3289. https://doi.org/ 10.3390/su13063289
Résumé
In economies that are based on natural resources, efforts to achieve sustainability still
seem unclear, especially in manufacturing companies. As a result, from a business perspective,
many manufacturers have adopted various strategies to maintain their competitiveness in line
with environmental regulations. In addition to product and process innovation, we have analyzed
innovation based on product–service innovation (PSI), or servitization, which is seen as key to
promoting more resource-efficient economies. This study examines the effects of innovation strategies
on productivity and environmental impact. Based on data extracted from the National Innovation
Survey of the manufacturing industries of Peru, a sample of 791 companies were analyzed. Our
findings indicate that, although only a few companies carry out product and process innovation and
especially product–service innovation, when they do, they have a positive effect on both productivity
and environmental impact. However, this relationship is affected by the size of the company. Thus,
the innovation strategies have a greater positive effect on environmental impact in large companies
than companies with fewer than 50 employees. Finally, despite the importance of product–service
innovation, it seems that this strategy is not yet established in Peruvian manufacturing companies.
Given the positive effect on productivity and environmental impact, we conclude by emphasizing
the importance of establishing public policies aimed at disseminating and promoting this type of
innovation, with specific support for companies with fewer than 50 employees.