Corporate Environmental Performance as Mediating Between Innovation and Financial Performance in the Jordanian Industrial, Services, Real Estate Sectors

Environmentally conscious companies choose to disclose both their ecological and economic achievements in their yearly reports, showcasing the true operational results of the organization. This information holds significant value for various stakeholders. Concurrently, corporate boards and executives must enhance their communication methods to effectively handle challenges arising from the interaction between management and shareholders. This research delves into the interconnections among innovation, corporate environmental performance, and financial performance. The investigation also outlines these relationships within the framework of the Natural Resource-Based View (NRBV) theory. Additionally, the study extensively reviews existing literature on the topic. The study’s findings indicate a positive correlation between innovation and corporate financial performance, with corporate environmental performance playing a positive mediating role in the linkage between innovation and financial performance. In essence, for service, industrial, and real estate sectors aiming to ensure their viability in today’s competitive market, both innovation and corporate environmental performance emerge as pivotal considerations.