Beyond “good company”: The mediating role of innovation in the corporate social responsibility and corporate firm performance relationship

Yoo, Changsok; Yeon, Jihwan; Lee, Seoki

doi:10.1108/ijchm-10-2021-1288

Cited by 19 publications

(12 citation statements)

References 103 publications

(173 reference statements)

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“…Ge, Xiao [137] demonstrated that innovation input mediates the relationship between ESG and the high-quality development of Chinese enterprises. Yoo, Yeon [138] confirmed the mediating role of technology on CSR and corporate financial performance in the US hospitality industry. Shih [139] also noted that innovation, an outcome of knowledge management, mediates the CSR contribution to promoting corporate's performance.…”

Section: The Mediating Role Of Innovation On the Relationship Between...mentioning

confidence: 87%

Does ESG Impact a Firm’s Sustainability Performance? The Mediating Effect of Firm Innovation Performance

Zhou¹,

Rashid²,

Zobair³

et al. 2023

Preprint

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In this age of global warming, academics and policymakers are increasingly concerned about firm environmental sustainability success. Therefore, this study aims to investigate whether Environmental, Social and Governance (ESG) performance impacts sustainability performance through the mediating effect of firm innovation. To this end, Structural Equation Modeling (SEM) was deployed to analyze data collected from the employees of manufacturing industries in an emerging economy like Bangladesh. The results revealed that ESG performance significantly enhances the innovation and sustainability performance of manufacturing industries, indicating that the higher the ESG performance of a firm, the greater its innovation and sustainability performance. Furthermore, the results confirmed that firm innovation performance fully mediates the relationship between ESG initiatives and sustainability performance. The findings of this study provide policymakers and industry authorities with valuable insight into the role of ESG and innovation performance in improving sustainability performance. Specifically, the study sheds knowledge on how firm ESG initiatives and innovation performance impact sustainability performance in the manufacturing sector of an emerging economy like Bangladesh.

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Section: The Mediating Role Of Innovation On the Relationship Between...mentioning

confidence: 87%

Does ESG Impact a Firm’s Sustainability Performance? The Mediating Effect of Firm Innovation Performance

Zhou¹,

Rashid²,

Zobair³

et al. 2023

Preprint

View full text Add to dashboard Cite

show abstract

“…For instance, ESG practices help enhance hospitality firms’ stakeholder satisfaction and boost their loyalty (e.g. employees and customers) (Guzzo et al , 2022; He et al , 2022; Kim et al , 2022), strategizing their trust as critical and intangible resources for innovative competitive advantages (Yoo et al , 2022). ESG practices then create a good reputation among the public to be perceived as more trustworthy (Park et al , 2019; Yeon et al , 2021).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The bright and dark sides of ESG during the COVID-19 pandemic: evidence from China hospitality industry

Lin

Fan

et al. 2023

IJCHM

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Purpose This study aims to investigate the bright and dark sides of environmental, social and governance (ESG) during the COVID-19 pandemic, including both the outbreak and recovery periods, for the Chinese hospitality industry. Design/methodology/approach Using panel data of 564 firm-quarter observations from 2018 to 2020, the authors adopt fixed-effects regression estimation with standard errors clustered at the firm level. To address potential endogeneity concerns, the authors also use the two-stage least squares estimator with instrumental variables. Findings The results suggest that ESG plays different roles in market- and accounting-based performance during the COVID-19 outbreak and recovery periods. Specifically, ESG practices show a bright side as a reputation builder to mitigate the negative pandemic impact on market-based performance, whereas the dark side of ESG practices consumes firm resources to aggravate the negative pandemic impact on accounting-based performance during the coronavirus outbreak. These results also suggest hospitality companies benefit bountifully from ESG practices during the COVID-19 recovery. Practical implications ESG plays a vital role for hospitality firms by providing insurance-like protection during and after the COVID-19 outbreak. Additionally, hospitality firms should evaluate their capability to adapt resource-consuming ESG practices. Originality/value Existing hospitality COVID-19 studies have investigated the effect of ESG on firm performance within a short period with mixed results. This study extends the literature by showing the different effects of ESG practices on market- and accounting-based performance during the COVID-19 outbreak and recovery periods.

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“…Likewise, evidence suggests that CSR improves corporate financial performance through cost savings and enhances relationship building between a company and its stakeholders (e.g. shareholders, suppliers and the local community at large) (Franco et al , 2020; Kucukusta et al , 2019; Smith et al , 2023; Yoo et al , 2022). Moreover, CSR yields numerous benefits to employees including higher job satisfaction and greater productivity (Farmaki et al , 2022; Kim et al , 2022).…”

Section: Introductionmentioning

confidence: 99%

Corporate social responsibility in peer-to-peer accommodation: a focus on Airbnb

Farmaki

Kladou

İoannides

2023

IJCHM

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Purpose This paper aims to provide a critical synthesis of the interface of corporate social responsibility (CSR) and peer-to-peer (P2P) accommodation to offer insights that contribute to theory and practice of CSR in hospitality. Design/methodology/approach By using key CSR models, this paper reflects on the nexus between CSR and P2P accommodation (with a focus on Airbnb) to identify opportunities and challenges with regard to CSR implementation in P2P accommodation and, thereby, progress the research agenda on the topic. Findings This contribution will hopefully enable policymakers to improve the accountability of stakeholders related to P2P accommodation in terms of the sector’s impacts on local communities while contributing to the progression of the research agenda on CSR in hospitality. Research limitations/implications Because this contribution is meant to be a “critical reflection paper”, the main purpose is to flesh out a commentary offering recommendations on how to account for CSR in relation to P2P accommodation and primarily Airbnb. As such, this paper aims to prompt future empirical research on the topic. Naturally, the major downside of this type of paper is the lack of an empirical approach. Practical implications This paper advances theory on hospitality-related CSR, enabling policymakers to improve the stakeholders’ accountability related to P2P accommodation in terms of the sector’s impacts on local communities. Originality/value Despite the increasing importance of CSR in hospitality, minimal academic attention has been paid insofar to CSR in the P2P accommodation sector. This inattention is surprising given the rapid expansion of the sector which, in turn, has imposed significant pressures on local communities.

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Beyond “good company”: The mediating role of innovation in the corporate social responsibility and corporate firm performance relationship

Cited by 19 publications

References 103 publications

Does ESG Impact a Firm’s Sustainability Performance? The Mediating Effect of Firm Innovation Performance

Does ESG Impact a Firm’s Sustainability Performance? The Mediating Effect of Firm Innovation Performance

The bright and dark sides of ESG during the COVID-19 pandemic: evidence from China hospitality industry

Corporate social responsibility in peer-to-peer accommodation: a focus on Airbnb

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