Abstract
This letter intent to test the relationship between financial performance (FP) and environmental performance (EP) while
environmental innovation (EI) (product innovation and process innovation) and corporate environmental strategies (CES) has been
taken as medicating variables. The data collection was through the survey-based method from 270 firms with ISO 14001 certification
from the surgical instrument industry of Pakistan. The comprehensive integrated model was designed to test the impact of EP on the
FP of the surgical instrument industry of Pakistan with two mediators’ EI (product innovation and process innovation) and ES. The
findings of the study reveal that environmental performance positively influences FP however, the relationship is insignificant.
Furthermore, EI does not mediate the relationship between EP and FP moreover, EI (product innovation and process innovation)
positively and significantly influence FP. CES mediate the relationship between EP and FP. CES also positively and significantly
influence FP at the firm level.
Areeba Suleman, Ijaz Hussain Bokhari, Muhammad Haseeb. (2020) Environmental Performance, Environmental Innovation, Corporate Environmental Strategies and Financial Performance, Paradigms , Vol 14, Issue 1.
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