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The influence of eco-innovation on high-performing firms: The dynamics of productivity in the context of circular economy

David Córcoles & Ángela Triguero

European Research on Management and Business Economics2025https://doi.org/10.1016/j.iedeen.2025.100275article
ABDC A
Weight
0.54

Abstract

This paper analyses the influence of eco-innovation on the dynamics of firm performance in the context of a circular economy. From a firm-level approach, we investigate whether firms whose innovation strategies simultaneously aim at significant reductions in material and energy consumption and high environmental awareness (circular eco-innovators) have a higher probability of both reaching (entry) and remaining (persistence) in the group of high-performing firms (top of high-productivity firms). The sample data are from a panel of Spanish manufacturing firms for the period 2003–2016. To deal with endogeneity problems, a two-step methodology is used combining survival models and matching techniques. The results show higher firm productivity for circular eco-innovators at entry and persistence in the upper part of the productivity distribution. The study concludes that circular eco-innovations effectively promote more persistent and resilient performance in Spanish manufacturing firms.

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https://doi.org/https://doi.org/10.1016/j.iedeen.2025.100275

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@article{david2025,
  title        = {{The influence of eco-innovation on high-performing firms: The dynamics of productivity in the context of circular economy}},
  author       = {David Córcoles & Ángela Triguero},
  journal      = {European Research on Management and Business Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1016/j.iedeen.2025.100275},
}

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Evidence weight

0.54

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.52 × 0.4 = 0.21
M · momentum0.72 × 0.15 = 0.11
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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