Arbeitspapier
A Triptych Inquiry: Rethinking Sustainability, Innovation, and Financial Performance
Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay? Combining a contingency perspective with the resource-based view of the firm clarifies the positive relationship between corporate environmental and social perform-ance (ESP) and CFP, which only holds in the long-term but not in the short-term. Further, we find support for a moderating effect of innovation on the relationship between the ESP and short-term CFP as suggested by the literature. However, we empirically show that in the long-term, innovation mediates the ESP-CFP relationship suggesting that innovation should be considered as a long-term investment required to unlock the full potential of ESP initiatives.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 11-026/2/DSF 9
- Klassifikation
-
Wirtschaft
Corporate Finance and Governance: General
Corporate Culture; Diversity; Social Responsibility
Firm Objectives, Organization, and Behavior: General
Sustainable Development
- Thema
-
Sustainable development
innovation
firm performance
Tobin’s q
moderation and mediation
Innovation
Unternehmenserfolg
Tobins Q
Unternehmensfinanzierung
Nachhaltigkeit
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Busch, Timo
Stinchfield, Bryan T.
Wood, Matthew S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Busch, Timo
- Stinchfield, Bryan T.
- Wood, Matthew S.
- Tinbergen Institute
Entstanden
- 2011
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