Corporate social and financial performance: Revisiting the role of innovation

Autor:	Timo Busch, Maximilian Schnippering
Rok vydání:	2022
Předmět:	R&D management innovation and sustainability Strategy and Management ddc:650 corporate financial performance (CFP) Management Monitoring Policy and Law Development corporate social performance (CSP)
Zdroj:	Corporate Social Responsibility and Environmental Management. 29:635-645
ISSN:	1535-3966 1535-3958
DOI:	10.1002/csr.2225
Popis:	R&D intensity has been highlighted as an important factor in analyzing the relationship between corporate social (CSP) and corporate financial performance (CFP). However, the underlying mechanisms of how R&D intensity influences the CSP‐CFP relationship have caused a great deal of confusion: first, while controlling for R&D intensity, studies have continued to report ambiguous results and, second, many studies have found R&D intensity to be negatively related to CFP. Motivated by insights from the innovation literature, we revise the functional relationship and examine moderation effects of R&D intensity. Accordingly, we find a u‐shaped relationship between R&D intensity and CFP. We conclude that this functional relationship is an essential finding for future CSP‐CFP studies in order to avoid misspecifications. Further, we cannot find empirical support for a moderation effect of R&D intensity. Thus, we conclude that R&D intensity and CSP should not be considered to be mutually reinforcing drivers of CFP.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::871eec6168d0e2b971ef637c52c73d69 https://doi.org/10.1002/csr.2225 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.