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Internationalization and economic performance : the mediating role of eco-innovation
Hojnik, Jana ; Ruzzier, Mitja ; Manolova, Tatiana S.
This study explores the relationship between internationalization and firm economic performance by investigating the mediating effect of eco-innovation. Using data from 151 Slovenian ...internationalized companies and structural equation modeling, we find that internationalization is significantly and positively associated with firm-level economic performance and that eco-innovation partially mediates this effect. These findings strongly indicate that environmental sustainability and the adoption of eco-innovation cannot be neglected when serving foreign markets. Thus, our study emphasizes the role of ecoinnovation and speaks to whether or not eco-innovation should be adopted and integrated in firm-level strategies in order to improve economic performance.
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