Does corporate social responsibility impact firms' innovation capacity? The indirect link between environmental &amp; social governance implementation and innovation performance

Broadstock, David C.; Matoušek, Roman; Meyer, Martin; Tzeremes, Nickolaos

doi:10.1016/j.jbusres.2019.07.014

Cited by 233 publications

(171 citation statements)

References 115 publications

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“…The concept of ESG refers to corporate reporting that focuses on environmental, social, and governance performance [86]. Companies using this concept show a higher performance level and a higher rate of innovation [87]. Overall, this concept encourages the use of beneficial environmental practices, such as taking measures to control pollution and the further investment of companies in improving the environment [88].…”

Section: Resultsmentioning

confidence: 99%

Twitter Analysis of Global Communication in the Field of Sustainability

et al. 2019

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The increasing popularity of social media worldwide provides us with an opportunity to understand social, cultural, and environmental issues about people’s perception of sustainability. The article aims at identifying the main topics of communication related to hashtag # sustainability based on a communication analysis on the Twitter network. We investigated the perception of sustainability using data from 414,926 Twitter interactions by 223,476 users worldwide. The data were recorded between April 17, 2018 and July 12, 2019. We identified Innovation, Environment, Climate Change, Corporate Social Responsibility, Technology, and Energy as key hashtags in the field of sustainability. In conjunction with this, we identified the six following communities: (1) Environmental Sustainability, (2) Sustainability Awareness, (3) Renewable Energy and Climate Change, (4) Innovative Technology, (5) Green Architecture, and (6) Food Sustainability. The usage of these communities is applicable in marketing communication as well as in the Corporate Social Responsibility activities of the given companies. The results of the analysis give the organizations a possible direction for their sustainable business model improvement via the contribution of society´s voice.

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Section: Resultsmentioning

confidence: 99%

Twitter Analysis of Global Communication in the Field of Sustainability

et al. 2019

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“…We further explore the importance of individual E, S and G scores in columns [7], [8] and [9] of Table 4 , noting the following results and commentary: Higher E scores impact event window returns positively: To achieve high E scores a firm must have performed well in areas such as environmental management system certification, water conservation, energy efficiency, waste gas emission reductions, and reducing accidental waste and spills. Such efforts help mitigate long-term environmental risks and ensure a lean and ambidextrous organization, Broadstock et al. (2019) .…”

Section: Empirical Evidencementioning

confidence: 99%

The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China

Broadstock

Chan

Cheng

et al. 2021

Finance Research Letters

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617

363

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Highlights We examine the role of ESG performance during market-wide financial crisis. We focus on the period of financial crisis triggered by COVID-19. ESG performance lowers financial risk during a crisis. High-ESG (performance) portfolios generally outperform low-ESG portfolios. We make use of a novel ESG dataset for China’s CSI300 members.

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“…Though there is no widely accepted definition of CER [7,8,23,24,25,26,27,28,29,30], for the sake of convenience, we support that CER is one of three facets of CSR, and focuses on pollution prevention and cleaner production. Furthermore, we regard the following terms as equivalent to CER: CSR in the environment, environmental CSR, environmental corporate responsibility.…”

Section: Literature Reviewmentioning

confidence: 64%

Optimal Strategies of Product Price, Quality, and Corporate Environmental Responsibility

Peng

Xin

Kwon

2019

IJERPH

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With the awakening of environmental consciousness, more and more firms desire to go “green” by shifting their focus of corporate social responsibility (CSR) from charitable contributions to environmental actions called corporate environmental responsibility (CER). We develop a monopoly differential game to depict optimal corporate strategies of product price, quality, and CER. Using the Hamilton–Jacobi–Bellman (HJB) equation, we analyze optimal feedback equilibrium strategies for pricing and investing in both quality and CER with/without government subsidies. Numerical simulations show that government subsidy can improve CER and profit.

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Does corporate social responsibility impact firms' innovation capacity? The indirect link between environmental & social governance implementation and innovation performance

Abstract: The version in the Kent Academic Repository may differ from the final published version. Users are advised to check http://kar.kent.ac.uk for the status of the paper. Users should always cite the published version of record.

Cited by 233 publications

References 115 publications

Twitter Analysis of Global Communication in the Field of Sustainability

Twitter Analysis of Global Communication in the Field of Sustainability

The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China

Optimal Strategies of Product Price, Quality, and Corporate Environmental Responsibility

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