Multidimensional perspective of green financial innovation between green intellectual capital on sustainable business: the case of Pakistan

Environ Sci Pollut Res Int. 2022 Jan;29(4):5552-5568. doi: 10.1007/s11356-021-15919-7. Epub 2021 Aug 23.

Abstract

This study investigates the multifaceted role of green innovation among green intellectual capitals (GICs) on business sustainability in Pakistan's manufacturing sector. A quantitative method based on the SEM model on SmartPLS and Stata analysis was used, which was supplemented by a survey of 800 Pakistani SME sector supply chain-associated participants. The findings revealed a significant effect of green intellectual capital and green innovation on business sustainability, while structural capital was found to have a significant moderating effect on the business sustainability of Pakistani firms. It has been determined that the relationship between GIC and BS has a strong moderation of green innovation. Furthermore, the relationship and impact of GICs on the business sustainability of Pakistani manufacturing companies were statistically significant, and green innovation played a moderating role between GIC and business sustainability. Therefore, it has been suggested that Pakistani manufacturing companies participate in eco-innovation to progress business sustainability.

Keywords: Business sustainability; Green financial innovation; Green intellectual capital; SEMs Pakistan.

MeSH terms

  • Commerce*
  • Humans
  • Pakistan