Technological Posture and Corporate Social Responsibility: Effects on Innovation Performance

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

doi:10.30638/eemj.2014.279

Cited by 23 publications

(20 citation statements)

References 41 publications

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“…CSR is also a tool to differentiate a firm from other firms. Most studies emphasize that when CSR is included in a corporate strategy, it tends to enhance technological innovation investment [49,50]. However, the reverse direction of how innovation imposes on a firm's decision to take part in CSR is hardly examined [51].…”

Section: Innovation and Corporate Social Responsibilitymentioning

confidence: 99%

The Impact of Innovation on the Firm Performance and Corporate Social Responsibility of Vietnamese Manufacturing Firms

et al. 2019

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Innovation is a complex process and has been shown to be influential towards different types of stakeholders. From the viewpoint of stakeholder theory, shareholders and creditors are more likely to be concerned about corporate financial performance. However, in the new era an enterprise’s responsibilities have to extend to other stakeholders, including its employees, suppliers and communities. This study aims to extend the literature by examining the individual effects of product and process innovations, and then their interactions with external collaboration, on firm performance and corporate social responsibility (CSR) activities in terms of local contributions for a sample of Vietnamese manufacturing firms during 2011–2013. Research findings suggest that process and product innovations are beneficial to firm performance in terms of market share, but not return on total assets. This implies that investment in innovative activities requires time to make positive changes in profitability, but it may help with winning customer loyalty. We also find evidence suggesting that innovation could make firms more obscure, especially when there are external parties involved. This motivates firms to send signals about their sustainability and goodwill through corporate social responsibility (CSR) activities. With regard to CSR activities, we are the first to provide a breakdown of categories of corporate social contribution towards the local well-being, and elaborate evidence on the effect of innovation on each category, rather than just a composite index of CSR as in some extant studies.

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Section: Innovation and Corporate Social Responsibilitymentioning

confidence: 99%

The Impact of Innovation on the Firm Performance and Corporate Social Responsibility of Vietnamese Manufacturing Firms

et al. 2019

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“…The companies can communicate this knowledge and information in processes of technological capability [45]. However, most authors believe in the positive effect of CEP on technological capability investment [46,47]. Moreover, various stakeholders have different interests in companies [48].…”

Section: Corporate Environmental Performance (Cep) and Technological mentioning

confidence: 99%

“…Flammer [3] considers that environmentally friendly responsible experience of companies can increase the technological capability and stock prices, where those behaving environmentally unfriendly activities can face a significant decrease in its share price and capabilities. However, most authors believe in the positive effect of CEP on technological capability investment [46,47]. Moreover, firms with higher technological capability investments would generally pay more importance to their CEP activities and finally increase their financial performance [61].…”

Section: The Mediating Effect Of Technology Capabilitymentioning

confidence: 99%

Linking Corporate Environmental Performance to Financial Performance of Pakistani Firms: The Roles of Technological capability and Public awareness

2020

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This research investigates the corporate environmental performance (CEP) literature toward its financial performance of the firm. CEP is defined as the exercise and practices of companies to choose sensible measures to save and develop environment-friendly green activities. The influence of CEP on the financial performance of the firm via technological capability was examined. Furthermore, public awareness was hypothesized to moderate the impact of CEP on technological capability indicating moderation mediation. When public awareness was high, the relationship between the CEP and technological capability should be stronger. Content analysis was used for data collection. The model was tested using a sample of 1491 observations from the manufacturing companies of Pakistan. The data were collected between the period 2008 and 2017 from the annual reports of the companies, State Bank of Pakistan, and Pakistan Stock exchange. A hierarchical regression analysis was used for data analysis. Using bootstrap analysis, we used model 8 in Stata to examine conditional direct and indirect effects. Results supported the indirect effect of CEP on financial performance through strengthening technological capability. Both direct and indirect effects were significant. Consistent with theoretical assumptions, the indirect effect becomes stronger with high public awareness and diminished with low public awareness. Both theoretical and practical contributions are discussed based on the outcomes.

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“…Nevertheless, there is a general opinion according to which corporate social responsibility (CSR) should be integrated into the general strategy of an organization in order to consistently improve their ESG performance, its image and reputation, obtain some competitive advantages, and for reaching a high level of financial performance, thus generating sustainable benefits for both the company and the society [43][44][45][46][47][48][49][50]. Additionally, some researchers have demonstrated that CSR activities are indissolubly linked to innovation-the more an organization is involved in CSR activities, the higher the chances for it to obtain a plus of innovation which derives from the exploitation of the knowledge of the interested parties and the pressures made by them [38,[50][51][52].…”

Section: Literature Reviewmentioning

confidence: 99%

The Potential for Innovation and Entrepreneurship in EU Countries in the Context of Sustainable Development

et al. 2020

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For the European Union, innovation and entrepreneurship are strong vectors to overcome global societal challenges from climate change and sustainable energy to food and healthy living. Innovation is a facilitator of entrepreneurship and a way of empowering people to take charge of their lives and economic prosperity. At the same time, entrepreneurship is the answer to innovation, the concepts of innovation and entrepreneurship being undeniably interrelated. This research proposes assessing the potential for innovation and entrepreneurship in EU countries in the context of sustainable development. With the help of hierarchical clustering analysis, EU countries were classified into four relevant clusters on the basis of the variables considered, which allowed the identification of common features and existing differences. The research was conducted using data provided by the Global Innovation Index, Global Entrepreneurship Index, Eurostat database, and Candriam ESG Country Report at the level of the 27 EU countries. The main results revealed high-performing countries in terms of innovation and entrepreneurship potential, providing relevant information for policy-makers, business practitioners, NGOs, and academics on the direction they need to take for good practice models to be adapted and implemented in countries with sub-optimal performance, to provide them with support for improvement of their innovation and entrepreneurship potential.

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Technological Posture and Corporate Social Responsibility: Effects on Innovation Performance

Cited by 23 publications

References 41 publications

The Impact of Innovation on the Firm Performance and Corporate Social Responsibility of Vietnamese Manufacturing Firms

The Impact of Innovation on the Firm Performance and Corporate Social Responsibility of Vietnamese Manufacturing Firms

Linking Corporate Environmental Performance to Financial Performance of Pakistani Firms: The Roles of Technological capability and Public awareness

The Potential for Innovation and Entrepreneurship in EU Countries in the Context of Sustainable Development

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