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Specific aspects of green innovation and its industrial implementation

https://doi.org/10.35854/1998-1627-2023-3-270-279

Abstract

Aim. The presented study aims to consider the relevance of research on green innovation in industrial companies using quantitative methods.

Tasks. The authors systematize major approaches to the definition of the concept of green innovation; consider the correlation between modern theories of innovation and innovative deve lopment and  the  concept  of  green  innovation;  analyze  scientific  papers  on  green  innovation in the field of economics, management, and business.

Methods. This study uses the methods of literature analysis, quantitative data analysis, comparison, and classification.

Results. Approaches to the understanding of  green  innovation  are  summarized.  In  particular, the authors propose their own interpretation of environmental, value, technological, and ESG approaches. A logical diagram of the relationship between ESG factors and the implementation of green innovation is presented along with the authors’ definition of this phenomenon, the distinctive feature of which is that it takes into account the revealed relationship.

Conclusions. Quantitative assessment methods prove the high relevance of research on green innovation in the  international  community.  At  the  same  time,  it  is  indicated  that  this  interest is just beginning to emerge in  Russian  science.  In  conclusion,  recommendations  are  proposed for increasing the scale of green innovation in Russian industry.

About the Authors

A. I. Sivkova
South Ural State University
Russian Federation

Alina I. Sivkova, postgraduate student South Ural State University

76 Lenin  Ave.,  Chelyabinsk  454080

 



M. V. Podshivalova
South Ural State University
Russian Federation

Maria V. Podshivalova, D.Sc. in Economics, Professor at the Department of Economics and Finance of the Higher School of Economics and Management

76 Lenin  Ave.,  Chelyabinsk  454080



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Review

For citations:


Sivkova A.I., Podshivalova M.V. Specific aspects of green innovation and its industrial implementation. Economics and Management. 2023;29(3):270-279. (In Russ.) https://doi.org/10.35854/1998-1627-2023-3-270-279

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ISSN 1998-1627 (Print)