Analysis of Organizational Performance: Environmental and Innovation Processes Approaches

Environmental innovation processes is an indispensable and pressing concern for organizational performance. This study aims to clarify the relationship between environmental performance and organizational financial performance. A further objective is to assess the effect of process innovation on the...

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Main Authors: Shima Taghizadeh, Samaneh Agha Kazem Shirazi
Format: Article
Language:English
Published: Iranian Association for Energy Economics 2023-11-01
Series:Environmental Energy and Economic Research
Subjects:
Online Access:https://www.eeer.ir/article_179079_70df2da30dd4abb41260b94edfd15485.pdf
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author Shima Taghizadeh
Samaneh Agha Kazem Shirazi
author_facet Shima Taghizadeh
Samaneh Agha Kazem Shirazi
author_sort Shima Taghizadeh
collection DOAJ
description Environmental innovation processes is an indispensable and pressing concern for organizational performance. This study aims to clarify the relationship between environmental performance and organizational financial performance. A further objective is to assess the effect of process innovation on the connection between environmental performance and organizational performance. The sample for the present analysis consists of active Tehran Stock Exchange companies from 2017 to 2021. This study demonstrates that there is a significant relationship between financial performance and return on assets. In addition, adding process innovation as a moderating variable to the model reveals a significant relationship between process innovation and firms’ return on assets. There was no significant relationship between financial performance and return on equity, but when the process innovation variable was added to the model, a significant relationship was observed with return on equity. The findings of this study suggest that organizations and businesses should institutionalize innovation processes in their productions in order to enhance environmental and organizational performance.
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publishDate 2023-11-01
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series Environmental Energy and Economic Research
spelling doaj-art-5ca12c3ede884f1d8e4feedcf2dd50482025-08-20T03:17:08ZengIranian Association for Energy EconomicsEnvironmental Energy and Economic Research2538-49882676-49972023-11-017411310.22097/eeer.2023.409677.1292179079Analysis of Organizational Performance: Environmental and Innovation Processes ApproachesShima Taghizadeh0Samaneh Agha Kazem Shirazi1Department of Accounting, Faculty of Humanities, University of Science and Culture, Tehran, IranDepartment of Accounting, Faculty of Humanities, University of Science and Culture, Tehran, IranEnvironmental innovation processes is an indispensable and pressing concern for organizational performance. This study aims to clarify the relationship between environmental performance and organizational financial performance. A further objective is to assess the effect of process innovation on the connection between environmental performance and organizational performance. The sample for the present analysis consists of active Tehran Stock Exchange companies from 2017 to 2021. This study demonstrates that there is a significant relationship between financial performance and return on assets. In addition, adding process innovation as a moderating variable to the model reveals a significant relationship between process innovation and firms’ return on assets. There was no significant relationship between financial performance and return on equity, but when the process innovation variable was added to the model, a significant relationship was observed with return on equity. The findings of this study suggest that organizations and businesses should institutionalize innovation processes in their productions in order to enhance environmental and organizational performance.https://www.eeer.ir/article_179079_70df2da30dd4abb41260b94edfd15485.pdforganizational performanceenvironmental performanceprocess innovation
spellingShingle Shima Taghizadeh
Samaneh Agha Kazem Shirazi
Analysis of Organizational Performance: Environmental and Innovation Processes Approaches
Environmental Energy and Economic Research
organizational performance
environmental performance
process innovation
title Analysis of Organizational Performance: Environmental and Innovation Processes Approaches
title_full Analysis of Organizational Performance: Environmental and Innovation Processes Approaches
title_fullStr Analysis of Organizational Performance: Environmental and Innovation Processes Approaches
title_full_unstemmed Analysis of Organizational Performance: Environmental and Innovation Processes Approaches
title_short Analysis of Organizational Performance: Environmental and Innovation Processes Approaches
title_sort analysis of organizational performance environmental and innovation processes approaches
topic organizational performance
environmental performance
process innovation
url https://www.eeer.ir/article_179079_70df2da30dd4abb41260b94edfd15485.pdf
work_keys_str_mv AT shimataghizadeh analysisoforganizationalperformanceenvironmentalandinnovationprocessesapproaches
AT samanehaghakazemshirazi analysisoforganizationalperformanceenvironmentalandinnovationprocessesapproaches