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Erschienen in: Journal of Business Ethics 1/2017

21.11.2015

CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis

verfasst von: Rachel Bocquet, Christian Le Bas, Caroline Mothe, Nicolas Poussing

Erschienen in: Journal of Business Ethics | Ausgabe 1/2017

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Abstract

The few studies that analyze the impact of a combined strategy of innovation and corporate social responsibility (CSR) on firm performance mostly focus on financial performance. In contrast, the current study considers the simultaneous impact of technological innovations (product and process) and CSR on firm growth, which provides a measure of medium-term economic performance. With a sample of 213 firms and a two-step procedure, this study reveals the differentiated effects of strategic versus responsive CSR behavior on the two technological innovation types, as well as the effects of the two innovation types on growth. The findings thus indicate that firms with strategic CSR achieve growth through both their product and their process innovations.

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Fußnoten
1
García-Quevedo et al. (2014) show, with a panel of Spanish firms, that deteriorated demand conditions have strong negative effects on R&D investments.
 
2
Corporate social performance is more directly applicable (see Gössling 2011), and different measures of it have been suggested, including investment in pollution control equipment, treatment of women and minorities, or relations with customers (Waddock and Graves 1997).
 
4
The 20 % threshold reflects the quantile distribution of firms according to their number of employees. This characteristic concerns in particular the very specific population of high-growth firms. According to the OECD (2007), high-growth firms are those with at least 10 employees that achieve average annualized growth greater than 20 % over a 3-year period, measured by employment levels or employee turnover. In line with Schreyer (2000), small firms are particularly focused on their higher job creation and job destruction rates. In our dataset, 43 of the 44 removed firms employed 10–249 people. These high-growth firms need to be removed, because their growth predominantly comes from external sources, such as mergers and acquisitions (Picard 2006).
 
5
We obtained similar results when we measured growth as the variation of firm turnover in real prices (DVCA79).
 
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Metadaten
Titel
CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis
verfasst von
Rachel Bocquet
Christian Le Bas
Caroline Mothe
Nicolas Poussing
Publikationsdatum
21.11.2015
Verlag
Springer Netherlands
Erschienen in
Journal of Business Ethics / Ausgabe 1/2017
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI
https://doi.org/10.1007/s10551-015-2959-8

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