Corporate social responsibility as a driver of digital innovation in SMEs: the mediation effect of absorptive capacity

Stock, Christoph; Hossinger, Stefan; Werner, Arndt; Schell, Sabrina; Soluk, Jonas

doi:10.1504/ijev.2022.127451

Cited by 8 publications

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“…CSR is a firm-level construct. Through these activities, firms maintain or strengthen relationships with different stakeholders, thereby increasing their competitive position (Stock et al, 2022 ; Wagner, 2010 ). However, due to the interdependence between family and firm, in the case of family-owned firms, both subsystems benefit from the positive effects CSR generates.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field

et al. 2023

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This systematic literature review contributes to the increasing interest regarding corporate social responsibility (CSR) in family firms—a research field that has developed considerably in the last few years. It now provides the opportunity to take a holistic view on the relationship dynamics—i.e., drivers, activities, outcomes, and contextual influences—of family firms with CSR, thus enabling a more coherent organization of current research and a sounder understanding of the phenomenon. To conceptualize the research field, we analyzed 122 peer-reviewed articles published in highly ranked journals identifying the main issues examined. The results clearly show a lack of research regarding CSR outcomes in family firms. Although considered increasingly crucial in family firm research, a study investigating family outcomes (e.g., family community status, family emotional well-being), as opposed to firm outcomes, is missing. This literature review outlines the current state of research and contributes to the actual debate on CSR in family firms by discussing how family firms can use CSR activities as strategic management tools. Moreover, our analysis shows a black box indicating how CSR links different antecedents and outcomes. The black box is significant since firms generally need to know where to allocate their scarce resources to generate the best outcomes. We identify nine research questions based on these findings, which we hope will inspire future research.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field

et al. 2023

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“…We begin by clarifying our position on CSR. CSR activities carry either an inward‐looking or outward‐looking intent (Cruz et al, 2014; Stock et al, 2022). An inward‐looking intent prioritizes internal stakeholders' concerns and predominantly focuses on employee relations, diversity, and inclusivity.…”

Section: Theory: Behavioral Agency Theory Randd and Csr In Family Firmsmentioning

confidence: 99%

“…However, family firms usually prioritize family members' benefits in making strategic decisions (Gómez‐Mejía et al, 2007; Kotlar et al, 2020), thereby overlooking the commitment of nonfamily members (Kellermanns et al, 2012). Inward‐looking CSR focuses on employee policies, diversity, and good governance (Stock et al, 2022). When family firms engage strongly in inward‐looking CSR, they closely engage with nonfamily members and receive more support and effort from them.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…This comes at a time when firms also face a trade‐off in where to devote their social efforts (Wang et al, 2020). In stable times, inward‐looking CSR (focused on employee relations) can increase firm productivity by addressing the priorities of internal stakeholders (Stock et al, 2022). However, in recessions, family firms must carefully manage their reputation, stakeholder relationships, and social impact, calling for outward‐looking CSR (focused on investments in environment, community, and product) (Jo and Harjoto, 2012; Randerson, 2022).…”

Section: Introductionmentioning

confidence: 99%

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When is R&D beneficial for family firms? The concurrent roles of CSR and economic conditions

Hughes

et al. 2023

R & D Management

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How family firms innovate has captivated scholars for over a decade. However, an investigation into the benefits of research and development (R&D) for family firm value under differing economic conditions has received little attention in the family firm innovation or R&D literature. This study examines the relationship between R&D intensity and firm value among listed family firms during the economic recession period of 2007–2010 and nonrecessionary periods (referred to as normal periods) in the US between 1995 and 2013. Based on behavioral agency theory, we evaluate the moderating effects of investments in inward‐looking and outward‐looking corporate social responsibility (CSR) initiatives on this relationship. We hypothesize that R&D intensity is negatively related to family firm value during a recession period, but outward‐looking CSR positively moderates the relationship between the two. The opposite is hypothesized during normal periods. The results support the assertions that outward‐looking CSR can ease the negative impact brought about by R&D intensity on firm value during a recession period, while inward‐looking CSR investments surprisingly bear no effects. Important implications for research, family firm leaders, and R&D managers are discussed.

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Digitale Transformation und Künstliche Intelligenz in Familienunternehmen

Soluk

Kammerlander

2023

Springer Reference Wirtschaft

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Corporate social responsibility as a driver of digital innovation in SMEs: the mediation effect of absorptive capacity

Cited by 8 publications

References 0 publications

Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field

Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field

When is R&D beneficial for family firms? The concurrent roles of CSR and economic conditions

Digitale Transformation und Künstliche Intelligenz in Familienunternehmen

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