| Abstrakt: |
Objective: This study aims to examine the impact of companies incorporating green innovation practices on the economic (Gross Domestic Product - GDP), social (Human Development Index - HDI), and competitive (Global Competitiveness Index - GCI) development of Developed Countries (DC) and Emerging Countries (EC). Method: For the analysis, a three-level hierarchical regression model was used with repeated measures and estimated by Maximum Likelihood from a sample of 4061 publicly traded companies, 80% of which from the G7 countries and 20% from the BRICS (Brazil, Russia, India, China, and South Africa). Results: The results showed that in relation to GDP, all green innovation indicators negatively influenced economic development in both DC and EC. With regard to the HDI, green innovation practices such as environmental management and environmental investments positively influence social development in DCs and ECs, respectively. As for competitiveness, the results revealed that only green innovation practices related to environmental policies showed statistically significant results demonstrating a negative relationship with the GCI both in the DC and in the EC. Contributions: The research provides insights into potential strategies for companies and governments to establish objectives in alignment with Sustainable Development Goals. These include SDG-8, aimed at fostering sustainable and inclusive economic growth; SDG-9, focused on promoting sustainable industrialization and innovation; and SDG-10, emphasizing the reinforcement and revitalization of global partnerships for sustainable development. [ABSTRACT FROM AUTHOR] |
