Purpose
This study aims to analyze the impact of board gender diversity (BGD) on a bank’s financi... more Purpose This study aims to analyze the impact of board gender diversity (BGD) on a bank’s financial stability. Moreover, it also examines whether digitalization and income diversification act as mediators (individual and serial) in this relationship.
Design/methodology/approach Hypotheses were tested using data from Pakistan’s banking sector financial statements from 2017 to 2021. A two-step analytical approach was used: panel regression in STATA for initial hypothesis examination, followed by mediation analyses using bootstrapping in SPSS. In addition, mixed-effect ML regression was conducted to verify causation and ensure robust findings.
Findings Results demonstrate that BGD, digitalization and income diversification are positively associated with higher financial stability. Moreover, as hypothesized, both digitalization and income diversification individually and sequentially mediate the relationship between BGD and banks’ financial stability.
Research limitations/implications It is important to acknowledge the study’s limited five-year timeframe. Further investigation is needed to determine the optimal board compositions, especially considering the study’s inclusion of up to 25% female directors on boards.
Practical implications Policymakers and top management should prioritize increasing the number of female directors on boards for diversity. Banks that involve female directors can benefit from the synergies between gender diversity and digitization, along with the unique perspectives these women offer. This cooperative dynamic enables banks to explore and capitalize on innovative income diversification opportunities, enter new markets and ensure financial stability.
Social implications Research findings emphasize promotion of gender equality and meritocracy through increased female director representation. This fosters a more inclusive and cooperative decision-making culture, benefiting individual banks and setting a model for other sectors. Ultimately, it contributes to greater social acceptance of women executives.
Originality/value The study reveals a novel mechanism, emphasizing the revolutionary impact of active female directors in tandem with digitalization, amplifying chances for income diversification and accelerating increased bank viability.
Impact of Online Education System on Students Satisfaction at Pakistan Higher Education Institutions during COVID-19, Apr 2022
In Pakistan, the situation of the education system has changed during the month of March, when go... more In Pakistan, the situation of the education system has changed during the month of March, when govt. of Pakistan has closed the education institution throughout the country due to increased cases of COVID-19. This situation has forced the universities to change the traditional learning system and implement an online learning education system to complete the ongoing spring-20 semester. The aim of this research is to discuss the impact of the online learning education system on students' satisfaction in the higher education institutions of Pakistan during the pandemic. To achieve the objective of the study the data is collected from 391 participants attending online classes through questionnaires from the higher education institutions of Pakistan. The result of this study shows that students satisfied with the online education system and also highlighted some issues such as availability of internet access, and many others. The findings of this research help educationists, practitioners, professionals, and policymakers formulate the policies on the online learning system in higher education institutions during the pandemic situation.
Artificial Intelligence a Panacea for Innovation Management? Review and Directions, Mar 2024
New disruptive language models like Artificial Intelligence (AI), which can facilitate the develo... more New disruptive language models like Artificial Intelligence (AI), which can facilitate the development of unique ideas, are likely to have an impact on how businesses approach and manage innovation. Thus, it's essential to ascertain AI effect on innovation management to draw practical conclusions for research and practice. The objective of this research is threefold: first, we discuss how AI is expected to affect innovation management practices and evaluated the literature; second, we tested a few assumptions related to AI influence on innovation management; and finally, we offer recommendations for the research avenues that need more attention from the researchers. In addition to giving researchers a basic grasp, we hope that this study will provide an improved understanding related to AI influence on innovation management.
Football industry is one of the major contributors to total export and has significant importance... more Football industry is one of the major contributors to total export and has significant importance for the growth of Pakistan economy. This study investigates the effect of knowledge management on firm financial performance with moderating effect of innovation. The study collected the data through survey based questionnaire from firms engaged in manufacturing and export of football in Pakistan. Data analysis is done through four stages of data screening, testing validity and reliability of measures and finally analyzing the relationship using SPSS. The study found a positive and significant relationship between knowledge management and firm financial performance, and relationship is further strengthen under the moderating role of firms' innovation. The study has important implication for exporters and managers of the firm working in football industry.
Journal of Manufacturing Technology Management, 2019
Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle st... more Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance. Design/methodology/approach This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and H...
Journal of Business Economics and Management, 2021
The purpose of this research is to examine the influence of bank life cycle or bank maturity on i... more The purpose of this research is to examine the influence of bank life cycle or bank maturity on income diversification (ID) and stability. In addition, this research investigates the ID relationship with bank stability. Drawing on the dynamic resource-based view and modern portfolio theory, this research examines the influence of a paramount internal factor i.e. bank life cycle or bank maturity on income diversification (ID) and stability consequence. Data were collected from the Pakistani’s commercial banks’ financial statements over the period 2005 to 2019. This research relied on the fixed effect and generalized method of moments (GMM) model to empirically test the proposed relationships. Core findings of the research reveal that bank maturity leads to enhanced ID and ID strongly influences the bank stability consequence, moreover, research findings are robust to use different measures of bank stability and GMM estimation techniques. To the authors’ best knowledge, this research ...
The current research empirically identifies the factors significantly affecting the firm's perfor... more The current research empirically identifies the factors significantly affecting the firm's performance in textile and food sector of Pakistan. The researcher used panel/longitudinal data set which are created with the help of State Bank of Pakistan's annual publication named as "Financial statement analysis of companies (non-financial) listed in KSE for the period 2005 to 2010 which is available at www.sbp.org.pk online. The researcher used one-way fixed effect model due to the presence of cross-sectional fixed effect in the regression results. The dependent variable was profitability as a measure of firm's financial performance while the independent variables were leverage, growth, firm's size, risk, tax, tangibility, liquidity and non-debt tax shield. The firm's performance in case of textile sector is significantly affected by Short term leverage, Size, risk, tax and non-debt tax shield while taking long term leverage as first independent variable, the leverage becomes insignificant along with tax factor. In food sector, Long term leverage, size, risk, tangibility and non-debt tax shield are the factors significantly affecting the firm's financial performance. The textile and food sector should consider the above said factors because these factors significantly increasing or decreasing firm's financial performance. The findings of the current research are limited and applicable to non-financial sector of Pakistan only. It is not applicable to financial sector due to their difference of capital structure. In addition, the researcher used profitability as measure of firm's financial performance while the future research can have ROA, ROE, and EPS etc as firm's financial performance.
Linking firms’ life cycle, capabilities, and green innovation, 2019
Purpose
The purpose of this paper is to investigate the relationship between firms’ life cycle st... more Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance.
Design/methodology/approach This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and Hayes, 2004) tests to further validate the mediation effect.
Findings The hypothesized relationships were found to be significant, providing a strong support that mature stage firms have higher green process innovation performance compared with growth stage firms. Moreover, the technological capabilities more strongly mediate the relationship between mature stage firms and green process innovation performance compared to growth stage firms and green process innovation performance.
Originality/value This research contributes to the existing understanding about the internal drivers of green process innovation performance by incorporating and analyzing the firms’ life cycle stages as an internal driver. This research also contributes by empirically testing the mediating role of technological capabilities on the relationship between firms’ life cycle stages and green process innovation performance
Drawing clear conclusions from the literature on green innovation is challenging, due to its shee... more Drawing clear conclusions from the literature on green innovation is challenging, due to its sheer breadth and the inconsistent insights it offers. This study systematically addresses this issue by conducting a systematic literature review of articles on innovation in green products and processes, with the aim of enhancing conceptual clarity and consistency, thus, advancing theory and research. This study reviewed 195 articles relating to both green product and process innovation published during 1991–2016. The articles were analyzed in terms of key attributes of green product and process innovation using content analysis. Based on the analysis, this study identifies the key drivers and consequences, mediators and moderators and develops a conceptual framework of green product and process innovation. It also discusses the limitations and main theories of green innovation literature, and articulates potential paths for future research.
As profitability is a comparative measure that describes the associations of total amount of prof... more As profitability is a comparative measure that describes the associations of total amount of profit with different factors. This study examines the influence of commercial banks determinants on the performance of commercial banks in Pakistan over the time period from 2004-2010. Consistency in performance is the basic reason for smooth running and presence of every financial institution. Profitability is the most significant and consistent indicator as it contributes huge amount of profit that ultimately impacts its performance positively. The commercial bank’s profitability is found out by the return on equity (ROE) and net-interest margin (NIM). Result indicates that the capital strength of a bank is utmost significance in affecting its performance, as a well-capitalized bank is observed to be less risky and such edge lead to high profitability. The assets quality, measured by the loans loss provisions, affects the performance of the banks positively and bank size as deposit indicates direct association with profitability as large banks earn more profit instead of small banks. Inflation and NIGI affects the bank’s profitability inversely as increase inflation affects banks cost that increased and its earning main source is its fee that it charge on its services but free services without any charges decrease in gross income that lead a reduction in profit. This study is important and worthwhile for all commercial banks mangers regarding performance decisions of banks. As the development of the banking sector depends profoundly on strong decision making that leads to the efficiency and performance.
Purpose
This study aims to analyze the impact of board gender diversity (BGD) on a bank’s financi... more Purpose This study aims to analyze the impact of board gender diversity (BGD) on a bank’s financial stability. Moreover, it also examines whether digitalization and income diversification act as mediators (individual and serial) in this relationship.
Design/methodology/approach Hypotheses were tested using data from Pakistan’s banking sector financial statements from 2017 to 2021. A two-step analytical approach was used: panel regression in STATA for initial hypothesis examination, followed by mediation analyses using bootstrapping in SPSS. In addition, mixed-effect ML regression was conducted to verify causation and ensure robust findings.
Findings Results demonstrate that BGD, digitalization and income diversification are positively associated with higher financial stability. Moreover, as hypothesized, both digitalization and income diversification individually and sequentially mediate the relationship between BGD and banks’ financial stability.
Research limitations/implications It is important to acknowledge the study’s limited five-year timeframe. Further investigation is needed to determine the optimal board compositions, especially considering the study’s inclusion of up to 25% female directors on boards.
Practical implications Policymakers and top management should prioritize increasing the number of female directors on boards for diversity. Banks that involve female directors can benefit from the synergies between gender diversity and digitization, along with the unique perspectives these women offer. This cooperative dynamic enables banks to explore and capitalize on innovative income diversification opportunities, enter new markets and ensure financial stability.
Social implications Research findings emphasize promotion of gender equality and meritocracy through increased female director representation. This fosters a more inclusive and cooperative decision-making culture, benefiting individual banks and setting a model for other sectors. Ultimately, it contributes to greater social acceptance of women executives.
Originality/value The study reveals a novel mechanism, emphasizing the revolutionary impact of active female directors in tandem with digitalization, amplifying chances for income diversification and accelerating increased bank viability.
Impact of Online Education System on Students Satisfaction at Pakistan Higher Education Institutions during COVID-19, Apr 2022
In Pakistan, the situation of the education system has changed during the month of March, when go... more In Pakistan, the situation of the education system has changed during the month of March, when govt. of Pakistan has closed the education institution throughout the country due to increased cases of COVID-19. This situation has forced the universities to change the traditional learning system and implement an online learning education system to complete the ongoing spring-20 semester. The aim of this research is to discuss the impact of the online learning education system on students' satisfaction in the higher education institutions of Pakistan during the pandemic. To achieve the objective of the study the data is collected from 391 participants attending online classes through questionnaires from the higher education institutions of Pakistan. The result of this study shows that students satisfied with the online education system and also highlighted some issues such as availability of internet access, and many others. The findings of this research help educationists, practitioners, professionals, and policymakers formulate the policies on the online learning system in higher education institutions during the pandemic situation.
Artificial Intelligence a Panacea for Innovation Management? Review and Directions, Mar 2024
New disruptive language models like Artificial Intelligence (AI), which can facilitate the develo... more New disruptive language models like Artificial Intelligence (AI), which can facilitate the development of unique ideas, are likely to have an impact on how businesses approach and manage innovation. Thus, it's essential to ascertain AI effect on innovation management to draw practical conclusions for research and practice. The objective of this research is threefold: first, we discuss how AI is expected to affect innovation management practices and evaluated the literature; second, we tested a few assumptions related to AI influence on innovation management; and finally, we offer recommendations for the research avenues that need more attention from the researchers. In addition to giving researchers a basic grasp, we hope that this study will provide an improved understanding related to AI influence on innovation management.
Football industry is one of the major contributors to total export and has significant importance... more Football industry is one of the major contributors to total export and has significant importance for the growth of Pakistan economy. This study investigates the effect of knowledge management on firm financial performance with moderating effect of innovation. The study collected the data through survey based questionnaire from firms engaged in manufacturing and export of football in Pakistan. Data analysis is done through four stages of data screening, testing validity and reliability of measures and finally analyzing the relationship using SPSS. The study found a positive and significant relationship between knowledge management and firm financial performance, and relationship is further strengthen under the moderating role of firms' innovation. The study has important implication for exporters and managers of the firm working in football industry.
Journal of Manufacturing Technology Management, 2019
Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle st... more Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance. Design/methodology/approach This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and H...
Journal of Business Economics and Management, 2021
The purpose of this research is to examine the influence of bank life cycle or bank maturity on i... more The purpose of this research is to examine the influence of bank life cycle or bank maturity on income diversification (ID) and stability. In addition, this research investigates the ID relationship with bank stability. Drawing on the dynamic resource-based view and modern portfolio theory, this research examines the influence of a paramount internal factor i.e. bank life cycle or bank maturity on income diversification (ID) and stability consequence. Data were collected from the Pakistani’s commercial banks’ financial statements over the period 2005 to 2019. This research relied on the fixed effect and generalized method of moments (GMM) model to empirically test the proposed relationships. Core findings of the research reveal that bank maturity leads to enhanced ID and ID strongly influences the bank stability consequence, moreover, research findings are robust to use different measures of bank stability and GMM estimation techniques. To the authors’ best knowledge, this research ...
The current research empirically identifies the factors significantly affecting the firm's perfor... more The current research empirically identifies the factors significantly affecting the firm's performance in textile and food sector of Pakistan. The researcher used panel/longitudinal data set which are created with the help of State Bank of Pakistan's annual publication named as "Financial statement analysis of companies (non-financial) listed in KSE for the period 2005 to 2010 which is available at www.sbp.org.pk online. The researcher used one-way fixed effect model due to the presence of cross-sectional fixed effect in the regression results. The dependent variable was profitability as a measure of firm's financial performance while the independent variables were leverage, growth, firm's size, risk, tax, tangibility, liquidity and non-debt tax shield. The firm's performance in case of textile sector is significantly affected by Short term leverage, Size, risk, tax and non-debt tax shield while taking long term leverage as first independent variable, the leverage becomes insignificant along with tax factor. In food sector, Long term leverage, size, risk, tangibility and non-debt tax shield are the factors significantly affecting the firm's financial performance. The textile and food sector should consider the above said factors because these factors significantly increasing or decreasing firm's financial performance. The findings of the current research are limited and applicable to non-financial sector of Pakistan only. It is not applicable to financial sector due to their difference of capital structure. In addition, the researcher used profitability as measure of firm's financial performance while the future research can have ROA, ROE, and EPS etc as firm's financial performance.
Linking firms’ life cycle, capabilities, and green innovation, 2019
Purpose
The purpose of this paper is to investigate the relationship between firms’ life cycle st... more Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance.
Design/methodology/approach This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and Hayes, 2004) tests to further validate the mediation effect.
Findings The hypothesized relationships were found to be significant, providing a strong support that mature stage firms have higher green process innovation performance compared with growth stage firms. Moreover, the technological capabilities more strongly mediate the relationship between mature stage firms and green process innovation performance compared to growth stage firms and green process innovation performance.
Originality/value This research contributes to the existing understanding about the internal drivers of green process innovation performance by incorporating and analyzing the firms’ life cycle stages as an internal driver. This research also contributes by empirically testing the mediating role of technological capabilities on the relationship between firms’ life cycle stages and green process innovation performance
Drawing clear conclusions from the literature on green innovation is challenging, due to its shee... more Drawing clear conclusions from the literature on green innovation is challenging, due to its sheer breadth and the inconsistent insights it offers. This study systematically addresses this issue by conducting a systematic literature review of articles on innovation in green products and processes, with the aim of enhancing conceptual clarity and consistency, thus, advancing theory and research. This study reviewed 195 articles relating to both green product and process innovation published during 1991–2016. The articles were analyzed in terms of key attributes of green product and process innovation using content analysis. Based on the analysis, this study identifies the key drivers and consequences, mediators and moderators and develops a conceptual framework of green product and process innovation. It also discusses the limitations and main theories of green innovation literature, and articulates potential paths for future research.
As profitability is a comparative measure that describes the associations of total amount of prof... more As profitability is a comparative measure that describes the associations of total amount of profit with different factors. This study examines the influence of commercial banks determinants on the performance of commercial banks in Pakistan over the time period from 2004-2010. Consistency in performance is the basic reason for smooth running and presence of every financial institution. Profitability is the most significant and consistent indicator as it contributes huge amount of profit that ultimately impacts its performance positively. The commercial bank’s profitability is found out by the return on equity (ROE) and net-interest margin (NIM). Result indicates that the capital strength of a bank is utmost significance in affecting its performance, as a well-capitalized bank is observed to be less risky and such edge lead to high profitability. The assets quality, measured by the loans loss provisions, affects the performance of the banks positively and bank size as deposit indicates direct association with profitability as large banks earn more profit instead of small banks. Inflation and NIGI affects the bank’s profitability inversely as increase inflation affects banks cost that increased and its earning main source is its fee that it charge on its services but free services without any charges decrease in gross income that lead a reduction in profit. This study is important and worthwhile for all commercial banks mangers regarding performance decisions of banks. As the development of the banking sector depends profoundly on strong decision making that leads to the efficiency and performance.
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This study aims to analyze the impact of board gender diversity (BGD) on a bank’s financial stability. Moreover, it also examines whether digitalization and income diversification act as mediators (individual and serial) in this relationship.
Design/methodology/approach
Hypotheses were tested using data from Pakistan’s banking sector financial statements from 2017 to 2021. A two-step analytical approach was used: panel regression in STATA for initial hypothesis examination, followed by mediation analyses using bootstrapping in SPSS. In addition, mixed-effect ML regression was conducted to verify causation and ensure robust findings.
Findings
Results demonstrate that BGD, digitalization and income diversification are positively associated with higher financial stability. Moreover, as hypothesized, both digitalization and income diversification individually and sequentially mediate the relationship between BGD and banks’ financial stability.
Research limitations/implications
It is important to acknowledge the study’s limited five-year timeframe. Further investigation is needed to determine the optimal board compositions, especially considering the study’s inclusion of up to 25% female directors on boards.
Practical implications
Policymakers and top management should prioritize increasing the number of female directors on boards for diversity. Banks that involve female directors can benefit from the synergies between gender diversity and digitization, along with the unique perspectives these women offer. This cooperative dynamic enables banks to explore and capitalize on innovative income diversification opportunities, enter new markets and ensure financial stability.
Social implications
Research findings emphasize promotion of gender equality and meritocracy through increased female director representation. This fosters a more inclusive and cooperative decision-making culture, benefiting individual banks and setting a model for other sectors. Ultimately, it contributes to greater social acceptance of women executives.
Originality/value
The study reveals a novel mechanism, emphasizing the revolutionary impact of active female directors in tandem with digitalization, amplifying chances for income diversification and accelerating increased bank viability.
The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance.
Design/methodology/approach
This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and Hayes, 2004) tests to further validate the mediation effect.
Findings
The hypothesized relationships were found to be significant, providing a strong support that mature stage firms have higher green process innovation performance compared with growth stage firms. Moreover, the technological capabilities more strongly mediate the relationship between mature stage firms and green process innovation performance compared to growth stage firms and green process innovation performance.
Originality/value
This research contributes to the existing understanding about the internal drivers of green process innovation performance by incorporating and analyzing the firms’ life cycle stages as an internal driver. This research also contributes by empirically testing the mediating role of technological capabilities on the relationship between firms’ life cycle stages and green process innovation performance
This study aims to analyze the impact of board gender diversity (BGD) on a bank’s financial stability. Moreover, it also examines whether digitalization and income diversification act as mediators (individual and serial) in this relationship.
Design/methodology/approach
Hypotheses were tested using data from Pakistan’s banking sector financial statements from 2017 to 2021. A two-step analytical approach was used: panel regression in STATA for initial hypothesis examination, followed by mediation analyses using bootstrapping in SPSS. In addition, mixed-effect ML regression was conducted to verify causation and ensure robust findings.
Findings
Results demonstrate that BGD, digitalization and income diversification are positively associated with higher financial stability. Moreover, as hypothesized, both digitalization and income diversification individually and sequentially mediate the relationship between BGD and banks’ financial stability.
Research limitations/implications
It is important to acknowledge the study’s limited five-year timeframe. Further investigation is needed to determine the optimal board compositions, especially considering the study’s inclusion of up to 25% female directors on boards.
Practical implications
Policymakers and top management should prioritize increasing the number of female directors on boards for diversity. Banks that involve female directors can benefit from the synergies between gender diversity and digitization, along with the unique perspectives these women offer. This cooperative dynamic enables banks to explore and capitalize on innovative income diversification opportunities, enter new markets and ensure financial stability.
Social implications
Research findings emphasize promotion of gender equality and meritocracy through increased female director representation. This fosters a more inclusive and cooperative decision-making culture, benefiting individual banks and setting a model for other sectors. Ultimately, it contributes to greater social acceptance of women executives.
Originality/value
The study reveals a novel mechanism, emphasizing the revolutionary impact of active female directors in tandem with digitalization, amplifying chances for income diversification and accelerating increased bank viability.
The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance.
Design/methodology/approach
This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and Hayes, 2004) tests to further validate the mediation effect.
Findings
The hypothesized relationships were found to be significant, providing a strong support that mature stage firms have higher green process innovation performance compared with growth stage firms. Moreover, the technological capabilities more strongly mediate the relationship between mature stage firms and green process innovation performance compared to growth stage firms and green process innovation performance.
Originality/value
This research contributes to the existing understanding about the internal drivers of green process innovation performance by incorporating and analyzing the firms’ life cycle stages as an internal driver. This research also contributes by empirically testing the mediating role of technological capabilities on the relationship between firms’ life cycle stages and green process innovation performance