An empirical study on the link between corporate social responsibility and innovation in environmentally sensitive industries

González-Ramos, María Isabel; Donate, Mario J.; Guadamillas, Fátima

doi:10.1504/ejim.2018.10012420

Cited by 11 publications

(8 citation statements)

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“…Moreover, others examined the degree of correlation between CSPR and CFP of listed versus unlisted energy firms on the sustainable development index, concluding that sustainability practices are associated with firm market value (Pätäri et al, 2012). Furthermore, some studies investigate sustainability reporting performance to environmental impact (Kumar & Das, 2018), while others have investigated the relationship between CSPR and CFP in the developed economy energy market (González-Ramos et al, 2018).…”

Section: Background-cspr and Energy Sectormentioning

confidence: 99%

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

2022

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The purpose of this study is to theoretically and empirically extend the debate of the curvilinear linkage between corporate sustainability performance and its reporting practices (CSPR) and corporate financial performance (CFP) over its linearity assumption. The study focused on the financial and non‐financial metrics of the top global energy firms from 2006 to 2018 to accomplish this objective. It employed an estimated generalized least square method on the balanced panel of 3211 firm‐year observations. The findings assert the existence of a curvilinear relationship by spurning the linearity assumption. Further, results revealed a significant inverted U‐shaped relationship between CSPR and CFP. In addition to this, the investigation reveals that this relationship exists with the environmental and social attributes of CSPR. While the governance attribute was initially insignificant, however, it also exhibits a significant inverted‐U relationship after interacting with earnings. As a result, it adds to the existing literature by identifying earnings as a significant moderator in explaining the curvilinear relationship between CSPR and CFP. The inverted U‐shaped relationship may assist top management in developing a sustainable social and environmental policy based on a reactive strategy and help in formulating strategies to balance the value‐cost trade‐off for sustainable development.

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Section: Background-cspr and Energy Sectormentioning

confidence: 99%

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

2022

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“…Contemporary scientific literature highlights the importance of corporate social responsibility in the sustainable management process, not only in general, but also regarding the sectoral specifics of production [1][2][3]. Thus, according to this trend, producers of alimentary goods should put moral pressure on their suppliers, and consumers should be more involved in their buying decision processes [4]. In order to achieve these changes in so far functioning stereotypes, the issue of brand and brand management should be highlighted.…”

Section: Introduction and Current Situation Insightmentioning

confidence: 99%

Sustainable Brand Management of Alimentary Goods

et al. 2020

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Sustainability of food production and consumption has become one of the most discussed topics of sustainable development in global context. Thus, traditional managerial patterns have to be revised according to the social request. The revisions that have been done so far are based on relevant specifics of production and have mostly general character. Moreover, traditional managerial postulates do not change; only their way of implementation is modified. These two facts are possible reason of the practical fails in sustainable management of alimentary goods. One of these traditional managerial concepts is brand. Within this context, it has been considered as a facilitator of CSR (corporate social responsibility) activities. But the situation has changed, and the suspicion that brand loyalty is not a facilitator but an obstacle to the sustainable management is high. Thus, the importance of research of brand loyalty in scope of sustainable management of alimentary goods is indisputable. According to the above mentioned, the main goal of the contribution is to identify relevant brand value sources of loyalty in scope of sustainable brand management of alimentary goods. To achieve this, the factor analysis has been applied to provide statistical evaluation of data obtained from our own questionnaire survey. We have found out that components of brand value sources do not vary when comparing brands and those without loyal consumers. Based on this, appropriate recommendations for the theory and practice of sustainable brand management of alimentary goods have been formulated.

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“…Knowledge flows with stakeholders on environmental and social issues can be very useful for exploring new ways to meet their goals and needs through the development of solutions based on new (or improved) technologies. Previous studies show that firms with highly proactive CSR strategies are more likely to enhance their innovation capabilities (Bocquet et al , 2013; González-Ramos et al , 2018; Shafique et al , 2021), but these papers do not consider specific KM strategies through which CSR has a specific impact on innovation. Our results show that social and environmental CSR commitment of companies (the most proactive and long-term oriented initiatives) are positively related to KM exploration (rather oriented to the long term), supporting H2 and H3 , whereas the economic CSR commitment (the most reactive and short-term oriented initiatives) are positively related to KM exploitation (rather oriented to the short term), supporting H4 .…”

Section: Discussionmentioning

confidence: 99%

“…This paper focuses on configurations between CSR and innovation strategies based on knowledge management (KM), as in dynamic environments, knowledge on environmental, social or economic issues collected from the needs and goals of a company’s stakeholders can be a competitive source for innovative responses based on knowledge exploration and exploitation strategies (González-Ramos et al , 2018). Moreover, the dynamic capabilities approach suggests that firms can align and configure their operational resources and capabilities to meet the challenges generated by changing environments, so dynamic capabilities developed by a firm will be dependent on environmental dynamism (Teece et al , 1997).…”

Section: Introductionmentioning

confidence: 99%

The interplay between corporate social responsibility and knowledge management strategies for innovation capability development in dynamic environments

González-Ramos

Donate

Guadamillas

2023

JKM

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Purpose This paper aims to analyze unexplored connections between economic, environmental and social dimensions of corporate social responsibility (CSR) and knowledge management (KM) strategies (exploration, exploitation), also considering environmental dynamism as an influencing variable on these connections. The predicted CSR-KM interplay suggests, from stakeholder and knowledge-based views of the firm, the existence of ideal configurations between CSR and KM strategies that generate differentiated impacts on companies’ innovation capabilities, especially in dynamic environments. Design/methodology/approach Structural equation modeling by means of the partial least squares technique was used to test the study’s hypotheses after collecting survey data from Spanish companies of the renewable energy sector. Findings The study findings show that in highly dynamic environments, companies will tend to commit prominently in CSR, although their orientation (economic, environmental, social) and effects on innovation capabilities will depend mainly on the selected KM strategies. Social and environmental CSR are found to be highly related to KM exploration, whereas economic CSR is highly related to KM exploitation. Nevertheless, while a significant indirect effect of economic CSR by means of the KM exploitation strategy on innovation capabilities is found, the proposed indirect effect of both environmental and social CSR through the KM exploration strategy on innovation capabilities is not significant. Practical implications The results suggest that company managers should be aware of the advantages of following specific paths of investment in KM and CSR initiatives in highly dynamic environments, as there is a potential payoff in terms of innovation capability improvement. The results also suggest that “good” relationships with stakeholders, built from specific CSR investments, make firms able to get valuable knowledge that it is useful to develop KM strategies for innovation capability development. Originality/value Previous studies do not consider the interplay between KM strategies and CSR as a catalyzer for developing a firm’s innovation capabilities. This paper contributes to the KM and innovation literatures by introducing CSR into the conversation about how to improve innovation capabilities in dynamic and sustainable industries by using configurations of KM strategies and specific CSR investments in economic, social and environmental areas.

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An empirical study on the link between corporate social responsibility and innovation in environmentally sensitive industries

Cited by 11 publications

References 0 publications

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

Revisiting the influence of corporate sustainability practices on corporate financial performance: An evidence from the global energy sector

Sustainable Brand Management of Alimentary Goods

The interplay between corporate social responsibility and knowledge management strategies for innovation capability development in dynamic environments

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