Innovation in sustainable development: an investigation of the EU context using 2030 agenda indicators

Szopik-Depczyńska, Katarzyna; Kędzierska-Szczepaniak, Angelika; Szczepaniak, Krzysztof; Cheba, Katarzyna; Gajda, Waldemar; Ioppolo, Giuseppe

doi:10.1016/j.landusepol.2018.08.004

Cited by 114 publications

(66 citation statements)

References 29 publications

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“…Innovation has a substantial long-term impact on both firm competitive advantage and sustainable industry growth [1,4,5]. Since innovation usually requires more time and continuous investment than other generally organizational activities, the availability of R&D capital is a key factor that affects R&D investment of firms [6,9].…”

Section: Financial Constraints and Firm Randd Investmentmentioning

confidence: 99%

“…Traditional research tends to focus on a specific discipline, while innovation is a complex, dynamic and risky process that requires multi-level factors involvement. These connotations of innovation call for a holistic and multidisciplinary approach to understanding its antecedents, process and impact [2,4]. Current scholarly work already addresses the important role of corporate finance on innovation, especially the capital structure [8,10,22] and financial constraints [12,26,29].…”

Section: Contrubutionsmentioning

confidence: 99%

“…Research and Development (R&D) investment through which knowledge is produced is the key to sustainable innovation and firm performance [1][2][3][4][5]. Firms' investment decisions not only depend on the cost-benefit analysis of the investment projects, but is also constrained by the access of capital [6][7][8].…”

Section: Introductionmentioning

confidence: 99%

“…Scholarly work, for example Coles et al [10], have examined the managerial attributes and associated incentives for firm policy, risk and performance, finding that manager-especially CEO-characteristics are highly associated with firm risk preference, R&D behavior and performance. In turn, scholars also find that sustainability and social responsibility may influence managers' risk-taking behaviors and strategic decisions [4,17]. However, how CEOs with different characteristics act differently on R&D investment under the condition of financial constraints is an important but understudied question towards sustainable innovation.…”

Section: Introductionmentioning

confidence: 99%

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Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

2019

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How CEOs with different characteristics act differently on R&D investment under the condition of financial constraints is an important but understudied question towards firms’ sustainable innovation. Employing the dataset from China-Enterprise Survey 2012 of the World Bank, this study tests the impact of financial constraints on firms’ R&D investment and the moderating role of CEO characteristics. Empirical results show that: (1) firm’s financial constraints have a significant restricting effect on their R&D investment; (2) internal financial constraints have no significant restricting effect on R&D investment for firms with female CEOs in comparison with firms with male CEOs, while the external financial constraints have a significant restricting effect on R&D investment for both groups. (3) CEO experience has a non-linear moderating effect on the relationship between financial constraints and a firm’s R&D investment. When the accumulated experience is overloaded, the positive moderating effect of CEO experience begins to decline and even become negative. Robustness tests further confirm these empirical findings. This study directly contributes to the literature of financing innovation and top management team’s impact on firms’ sustainable innovation, and generates insights on firms’ R&D management under the condition of financial constraints.

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Section: Financial Constraints and Firm Randd Investmentmentioning

confidence: 99%

Section: Contrubutionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

2019

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“…Innovation activities enable the company to increase the impact area, with the achievement of strategic and financial objectives, so modern enterprises that care about their own development systematically engage in the innovation process [25]. Scholars have conducted various kinds of research on innovations, such as innovation in sustainable development from the European approach [26], effects of innovation activity in eastern Poland from a regional approach [25] and innovation activity in transport-related enterprises from a sectoral approach [27]. They proved that innovations are the key to achieving economic growth and an important factor for sustainable global improvement [26][27][28].…”

Section: Financing Constraints and Randd Investmentmentioning

confidence: 99%

Interest Rate Marketization, Financing Constraints and R&D Investments: Evidence from China

2019

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Under the background of the initial completion of Chinese interest rate marketization process, this paper aims to test the actual impact of interest rate marketization on micro-enterprise research and development (R&D) investments financing. Based on the current situation, we put forward the assumption that Chinese enterprises are generally facing financing constraints in R&D investment. The interest rate marketization, which reduced government intervention in fund pricing, helps alleviate financing constraints, especially for non-state-owned enterprises. This paper focuses on the moderating effect of interest rate marketization on financing constraints and R&D investments. The interest rate marketization index is constructed from three indicators: interest rate determination ways, interest rate fluctuation restrictions, and real interest rate level. We use the Euler-equation investment model to test the financing constraints of R&D investment. Based on panel data of listed firms for 2007–2016, we find that R&D investment faces wide financing constraints, and interest rate marketization alleviates financing constraints. More specifically, financing constraints are more significant for non-state-owned firms than for state-owned enterprises, and the deepening marketization of interest rates can effectively alleviate the financing constraints of non-state-owned enterprises.

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The sustainable development of mobility in the green transition: Renewable energy, local industrial chain, and battery recycling

D’Adamo

Gastaldi

Öztürk

2022

Sustainable Development

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The transportation sector has a strong negative impact on the environment and therefore requires new sustainable development measures. This paper proposes a new indicator of sustainability in transport obtained through a multi-criteria analysis based on Eurostat data and a panel of 10 academics. The results show a positive performance of Sweden in the period 2015-2019 and a small number of countries above the European average. Furthermore, a quantitative analysis based on these experts identifies the critical success factors associated with purchasing electric vehicles. The greatest importance is assigned to purchase cost, followed by battery autonomy. Our analysis proposes that electric vehicles are unable to achieve a sustainable transition unless three conditions are met: (i) use of renewable sources, (ii) local industrial development of the sector, and (iii) battery recycling. Therefore, Europe urgently needs to realize new industrial activities and avoid social unsustainability. The long-term objective of a policy plan is to promote independence from

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Innovation in sustainable development: an investigation of the EU context using 2030 agenda indicators

Cited by 114 publications

References 29 publications

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

Interest Rate Marketization, Financing Constraints and R&D Investments: Evidence from China

The sustainable development of mobility in the green transition: Renewable energy, local industrial chain, and battery recycling

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