Green innovation dynamics in SMEs: Unraveling the interplay of approach, expenditure, and performance

Le résumé fourni par la source

Green innovation is a key driver of sustainable development, yet many Malaysian SMEs struggle to implement it due to resource constraints and inadequate support systems. This study aims to explore the relationship between R&D expenditure, green innovation approaches, and sustainable business performance, emphasizing the moderating role of the latter. Using micro-econometric models and data from the Malaysian Department of Statistics and FMMS, our findings reveal that SMEs adopting proactive green innovation strategies significantly increase R&D investment, leading to enhanced green innovation outcomes. Moreover, sustainable business performance moderates these relationships, particularly in low-performing contexts where SMEs may resort to rent-seeking behaviors. These insights have significant implications for businesses, policymakers, and stakeholders. Strengthening support mechanisms and leveraging sustainable finance initiatives can help SMEs overcome resource limitations and drive long-term environmental and economic benefits. This study contributes to the literature by highlighting actionable strategies to foster green innovation in SMEs.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.