Green Dynamic Capabilities--The Necessity between Green Intellectual Capital and Firm Performance: Evidence from Taiwan's Manufacturing Sector

Abstract

Both academic and business circles are paying more attention to environmental issues due to growing global awareness and concerns. At the same time, the rapid changes of environmental protection regulations are creating uncertain dynamics in competitive market environments. As such, an organization cannot solely rely on its valuable intellectual capital to support superior performance; it must utilize its dynamic capabilities to integrate, build, and reconfigure inherent organizational idiosyncratic resources. This paper therefore develops a research model to examine strategic corporate actions undertaken to address environmental issues using the natural resource-based view (NRBV) with dynamic capabilities so as to elaborate upon the sources and mechanisms of firm performance. Employing subjective and objective data of 170 manufacturing companies in Taiwan, this research examines the causal relationships among green intellectual capital, green dynamic capability, and firm financial performance. The proposed research framework partially supports and verifies the indirect-only mediated effects of green dynamic capabilities. The findings suggest that senior managers should follow the strategic path of enforcing and improving their firms’ green dynamic capabilities in order to sustain superior performance. 由於全球環保意識的提升，學術界和企業界也益發關注此一議題。同 時，環保法規的快速改變也使得原本已非常競爭場域增添了更多動態性的不 確定。因此，組織僅僅依靠其固有的智慧資本來維持卓越績效已不再足夠， 必須藉由運用動態能力來整合，構建並重新配置原本組織特有的資源。因此， 本研究採自然資源基礎觀點（Natural Resource-Based View, NRBV）與動態 能力觀點建構研究模型，探討企業為回應環保議題所進行之策略作為與企業 間績效之關係運作機制。問卷回收臺灣 170 家上市製造業公司的主觀資料搭 配財務性客觀數據，本研究分析綠色智慧資本，綠色動態能力和企業財務績 效間的因果關係。實證數據部分支持並確認綠色動態能力的中介效果。因此 本研究建議，在推動環保策略時，高階管理人員可遵循本研究提出之執行途 徑，著重強化綠色動態能力的必要性，以保持卓越企業的績效。