Managerial support for innovation as the source of corporate sustainability and innovative performance: Empirical evidence from Turkey

2020 ◽  
Author(s):  
Asghar Afshar Jahanshahi ◽  
Zafer Adiguzel ◽  
Fatma Sonmez Cakir
Keyword(s):  
Empirical Evidence ◽  
Corporate Sustainability ◽  
Innovative Performance ◽  
Managerial Support ◽  
Support For Innovation

Factors influencing corporate sustainability disclosure practices: empirical evidence from Indian National Stock Exchange

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kishore Kumar ◽  
Ranjita Kumari ◽  
Archana Poonia ◽  
Rakesh Kumar
Keyword(s):  
Empirical Evidence ◽  
Information Disclosure ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Free Cash Flow ◽  
Government Ownership ◽  
Content Type ◽  
Flow Capacity ◽  
Sustainability Disclosure ◽  
The Impact

Purpose This study aims to evaluate the nature and extent of sustainability disclosure practices of publicly listed companies in India. Further, it investigates the impact of potential determinants on the sustainability disclosure of companies. Design/methodology/approach The study analyzes data of 75 top listed nonbanking companies operating in India included in NIFTY100 Index for the years 2014-2015 to 2018-2019. In the present study, environment, social and governance disclosure dimensions were considered to evaluate the sustainability reporting performance of companies using content analysis. Panel data analysis was conducted to investigate the impact of various factors on the extent of sustainability information disclosure. Findings Results indicate that environmentally polluting industries disclose significantly higher sustainability information than non-polluting industries in India. The empirical findings suggest that determinants such as company size, age, free cash flow capacity, government ownership and global reporting initiative (GRI) usage positively related to the extent of corporate sustainability disclosure. Contrary to the expectations, financial leverage and profitability were found to be negatively related to the sustainability disclosure of companies in India. Practical implications This study provides empirical evidence for regulators, practitioners and corporate strategists to assess the progress in the sustainability reporting landscape in India. The finding implies that large and established companies can reduce legitimacy costs through higher sustainability information disclosure. Interestingly, this premise did not hold in the case of high leveraged and profitable companies. Overall findings can also help policymakers to incorporate necessary reforms to improve sustainability reporting in India. Originality/value This study is one of the first studies to investigate the nature, extent and potential determinants of corporate sustainability disclosure in India. The paper adds to the existing literature on sustainability reporting by providing empirical evidence on the relationship between sustainability reporting and potential determinants such as government ownership, size, leverage, profitability, age, free cash flow capacity, industry and GRI usage.

Determinants of young firms’ innovative performance: Empirical evidence from Europe

2017 ◽  
Vol 46 (7) ◽  
pp. 1312-1326 ◽  
Author(s):  
Aimilia Protogerou ◽  
Yannis Caloghirou ◽  
Nicholas S. Vonortas
Keyword(s):  
Empirical Evidence ◽  
Innovative Performance ◽  
Young Firms

Corporate Governance

2018 ◽  
Author(s):  
Jackie Krafft ◽  
Jacques-Laurent Ravix
Keyword(s):  
Corporate Governance ◽  
High Risk ◽  
Empirical Evidence ◽  
Negative Relationship ◽  
Positive Relationships ◽  
Shareholder Primacy ◽  
Innovative Performance ◽  
Governance Practices ◽  
The Impact

Little attention has been devoted to the impact of corporate governance practices on firms’ innovative performance. This chapter reviews the literature to show that there is theoretical ambiguity. There is the argument that corporate governance and new forms of finance realign managers’ interests, with greater efficiency for all types of investments. However, some argue that innovative R&D has distinctive characteristics, like high risk and long-term horizon, that may modify the efficiency effect. The issue has generated many studies where the long tradition of positive relationships between governance and efficiency is now contrasted by some recent empirical evidence suggesting a negative relationship. The chapter argues that shareholder primacy or owner activism in corporate governance and new forms of finance represent a potential mismatch with innovation.

COOPERATION IN THE FIELD OF INNOVATION, ABSORPTIVE CAPACITY, PUBLIC FINANCIAL SUPPORT AND DETERMINANTS OF THE INNOVATIVE PERFORMANCE OF ENTERPRISE

2019 ◽  
Vol 24 (04) ◽  
pp. 2050038 ◽  
Author(s):  
DULCINEIA CATARINA MOURA ◽  
MARIA JOSÉ MADEIRA ◽  
FILIPE A. P. DUARTE
Keyword(s):  
Absorptive Capacity ◽  
Financial Support ◽  
Secondary Data ◽  
Review Of The Literature ◽  
Community Innovation Survey ◽  
Business Innovation ◽  
Innovative Performance ◽  
Innovation Activities ◽  
Support For Innovation ◽  
Internal Sources

The aim of this paper is to better understand whether cooperation, absorptive capacity and public financial support for innovation activities, how they influence the innovative performance of Portuguese enterprise. The literature review focuses the importance of these three factors both drivers as the limiters process of business innovation, influencing the innovative performance of enterprise. Based on a review of the literature, hypotheses are formulated, which are tested with secondary data resources from the Community Innovation Survey 2010. This questionnaire was implemented under the supervision of EUROSTAT. The method used is the logistic regression model. The results obtained confirm that the implementation of cooperation with partners belonging to internal sources of business has a significant influence on the innovations achieved at the level of both products and processes.

Does corporate sustainability impact firm profitability? Evidence from India

2018 ◽  
Vol 56 (8) ◽  
pp. 1734-1747 ◽  
Author(s):  
Shernaz Bodhanwala ◽  
Ruzbeh Bodhanwala
Keyword(s):  
Empirical Evidence ◽  
Developing Economies ◽  
Corporate Sustainability ◽  
Empirical Support ◽  
Policy Formulation ◽  
Content Type ◽  
Thomson Reuters ◽  
Firm Profitability ◽  
The Impact

Purpose The purpose of this paper is to study whether corporate sustainability impacts profitability performance. Design/methodology/approach The sample under study consists of 58 Indian firms that are consistently a part of Thomson Reuters Asset 4 ESG database. An empirical multivariate panel data model is developed to analyse the impact of sustainability (environmental, social and governance) on firm profitability. Further, the study seeks to understand whether firms ranked high on sustainability parameters perform better compared to low-ranked firms. This has been tested by applying parametric t-test. Findings The study reveals a significant positive relationship between sustainability and firm performance measures (return on invested capital, return on equity, return on assets and earnings per share). Empirical evidence suggests that firms that practice remarkable sustainable development strategies report higher profitability and have substantially low gearing level. Research limitations/implications This study provides empirical support for the practitioners, policy makers and academicians emphasising strongly on the role played by deployment of sustainable environmental, social and governance efforts in enabling firms to achieve the profit maximisation objective. In the long term, strategies that take sustainability criteria into account have the capacity to create long-term value and provide firms with competitive advantage. The findings provide impetus to many mid- and large-capitalised Indian firms to initiate the adoption of sustainable measures in business policy formulation. The market valuation perception on sustainability practices followed by Indian firms leaves scope for future research. Originality/value Empirical evidence on the link between sustained sustainability efforts by corporates and their profitability from a developing nation context is limited. This paper provides much-needed evidence in the area of sustainability performance from India – one of the largest, rapidly developing economies in the world.

Innovation and Technological Change: An Austrian-British Comparison

1992 ◽  
Vol 24 (2) ◽  
pp. 273-288 ◽  
Author(s):  
N Alderman ◽  
M M Fischer
Keyword(s):  
Great Britain ◽  
Technological Change ◽  
Empirical Evidence ◽  
New Technologies ◽  
New Technology ◽  
Logit Models ◽  
Regional Patterns ◽  
Innovative Performance ◽  
New Process ◽  
Growing Body

Despite a growing body of empirical evidence that demonstrates the nature of spatial variations in innovation and the adoption of new technologies, few studies have been conducted in such a way as to enable direct comparisons between different countries, either to establish international differences in innovative performance or to identify differences in regional patterns in different national contexts, particularly between EC and non-EC countries within Europe. In this paper the results of recent surveys of comparable industries in Great Britain and Austria are used to begin to address this issue, with particular attention to some of the inherent difficulties in undertaking such comparisons. By using a mixture of simple cross-tabulations and multivariate logit models, differences between the two countries in the adoption of a number of new process technologies based upon microelectronics in the spheres of manufacturing production, design, and coordination are identified. It is suggested that, not only does Austria lag Great Britain in the introduction of new technology, but that variations between similar types of region are more pronounced and entrenched in Austria at the present time.

Innovation capabilities and performance of biotechnology firms

2019 ◽  
Vol 17 (4) ◽  
pp. 445-473
Author(s):  
Federico Stezano ◽  
Ruben Oliver Espinoza
Keyword(s):  
Empirical Evidence ◽  
Value Chain ◽  
Content Type ◽  
Innovative Performance ◽  
Biotechnology Firms ◽  
Knowledge Processes ◽  
Innovative Capabilities ◽  
And Performance ◽  
Biotechnology Sector ◽  
The Relationship

Purpose This paper aims to provide empirical evidence regarding the relationship between different capabilities and innovation performances in the biotechnology sector, in the case of Mexico. Design/methodology/approach Given the aforementioned objective, this paper constructs different indicators on types of capabilities and innovative performances and, based on them, performs an econometric analysis based on a logit model. The work assumes the central assumptions of the firm's evolutionary theory and, in this sense, seeks to provide quantitative empirical evidence that explains the way in which the construction of different types of capacities determines the innovation results of Mexican firms in the biotechnology sector. Findings Corroborating the previous empirical evidence in analysis of firm’s capabilities in the biotechnology sector, this work empirically states that productive, absorption, technological and innovative capabilities positively influence the innovative performance of Mexican biotechnology firms. Originality/value This work examines a central theme linked to the current analysis of innovation and knowledge processes: the relationship between the organizational capacities of firms in the biotechnology sector and their innovative performance. Through a detailed analysis based on a national survey of Mexican biotechnology firms, this work underlines the importance of generating a new type of reflection on linkage among capabilities, innovation, paradigms and trajectories, technological opportunities, relationship dynamics among actors and modes of insertion into the biotechnology value chain.

scholarly journals Family Firms and Coupling among CSR Disclosures and Performance

2021 ◽  
Vol 11 (1) ◽  
pp. 30 ◽  
Author(s):  
Javier Parra-Domínguez ◽  
Fátima David ◽  
Tania Azevedo
Keyword(s):  
Decision Making ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Evidence ◽  
Family Firms ◽  
Corporate Sustainability ◽  
Wide Gap ◽  
And Performance ◽  
Corporate Social

This paper aims to analyse the behaviours related to the decoupling of the disclosed information on Corporate Social Responsibility (CSR) and corporate sustainability, deepening these practices’ knowledge within family businesses. For this purpose, we defined decoupling as a gap between social responsibility performance (internal actions) and disclosures (external actions). For a sample of 33,809 observations for the period 2011–2019, corresponding to 5029 companies, 19% being family firms, our empirical evidence supports that family firms present a less wide gap between performance and disclosure, confirming the prevalence of socioemotional wealth dimensions in the decision-making of these companies. In firms without controlled shareholders, the quality of nonfinancial reporting could be understood as ambiguous, understanding that the most useful CSR information is found in the reports of family-owned companies.

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