The impact of eco-innovation on the financial performance of selected public-listed companies in the Philippines in 2014

Date of Publication


Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories



Ramon V. Del Rosario College of Business



Thesis Adviser

Reymond Patrick Monfero

Defense Panel Member

Joy S. Rabo

Joy Lynn R. Legaspi


Eco-innovation has long been considered by many researchers as one of the solutions to the ever-growing problem of environmental degradation. Due to urbanization, the Philippines is currently experiencing difficulties in coping up with issues such as climate change, pollution, flood, etc. Short-term solutions are not enough to solve these developing issues and it is imperative to provide actions that will provide a sustainable future for the next generations to come.

As eco-innovation continuously develops, many companies have considered implementing it in their management. The resurgence of the said environmental issues above led to the topic of this thesis which is the impact of eco-innovation, classified as new product, new process, new organizational and new presentational activities, on the financial performance of selected public-listed companies in the Philippines in 2014. Financial performance in this research pertained to the return on assets (ROA), return on equity (ROE), operating profit margin (OPM) and earnings per share (EPS) of the entity.

In order to identify if eco-innovation has any significance on the financial performance of a company, multiple regression was used as well as Wilcoxon-Signed rank tests for the difference of financial performance between eco-innovative and conventional companies. In this thesis, 104 out of the 206 companies that were studied were considered to be eco-innovative, meaning they have implemented at least one eco-innovative activity for the year 2012 and assuming a 2-year time lag, results of the activities, in terms of financial performance, were expected to take part in 2014. The multiple regression models resulted to the insignificant impact of eco-innovation to the financial performance of listed companies in the Philippines. On the other hand, the Wilcoxon-Signed Rank Test showed a significant difference of financial performance between conventional and eco-innovative companies in the Philippines in 2014. The results of the study provide many implications regarding the implementation of eco-innovation activities in the Philippines and present a new perspective to companies going green and being more environmental-friendly.

Abstract Format






Accession Number


Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

vii, 134 leaves : illustrations (some color) ; 29 cm. + 1 computer disc ; 4 3/4 in.


Sustainable development--Philippines

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