Next Article in Journal
Daily Emotional Labor, Negative Affect State, and Emotional Exhaustion: Cross-Level Moderators of Affective Commitment
Previous Article in Journal
Sustainable Timber Transport—Economic Aspects of Aerodynamic Reconfiguration
Article Menu
Issue 6 (June) cover image

Export Article

Open AccessArticle
Sustainability 2018, 10(6), 1966; https://doi.org/10.3390/su10061966

The Effect of Sustainability as Innovation Objectives on Innovation Efficiency

1,†
,
2,†
and
1,*
1
College of Business Administration, Seoul National University, Seoul 08826, Korea
2
College of Business Administration, Incheon National University, Incheon 22012, Korea
These authors contributed equally to this work.
*
Author to whom correspondence should be addressed.
Received: 21 May 2018 / Revised: 1 June 2018 / Accepted: 9 June 2018 / Published: 12 June 2018
Full-Text   |   PDF [661 KB, uploaded 14 June 2018]   |  

Abstract

Though sustainability exists as major objective of pursuing innovation, the effect of it on innovation performance is still unanswered. While the outcome of innovation should consider both input and output, moreover, studies on sustainable innovation are yet to consider the overall efficiency, but rather the performance itself. To fill the gap between the effect of sustainability as the objective of innovation and its innovation performance, and to bridge the hole between the outcome of sustainable innovation and its efficiency, we analyze the relationship between sustainability as innovation objective and innovation efficiency. We use 441 manufacturing companies in Korea from 2016 KIS data, and perform the data envelopment analysis (DEA) method to calculate efficiency score of each firm and tobit regression analysis to investigate the effect of sustainability as an objective of innovation on innovation efficiency. The results show that the objective of ‘environmental improvement’ negatively affects innovation efficiency, while ‘safety improvement’ positively affects the efficiency. On the contrary, the effect of ‘material and energy reduction’ as an objective of innovation on innovation efficiency is not verified. The implications, limitations, and guidelines for future research are presented. View Full-Text
Keywords: objective of innovation; sustainable innovation; innovation efficiency; data envelopment analysis (DEA); tobit regression analysis objective of innovation; sustainable innovation; innovation efficiency; data envelopment analysis (DEA); tobit regression analysis
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Shin, J.; Kim, C.; Yang, H. The Effect of Sustainability as Innovation Objectives on Innovation Efficiency. Sustainability 2018, 10, 1966.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top