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

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Title: CSR, Innovation, and Firm Performance in Sluggish Growth Contexts: A Firm-Level Empirical Analysis.
Authors: Bocquet, Rachel1, Le Bas, Christian2, Mothe, Caroline1, Poussing, Nicolas3 nicolas.poussing@liser.lu
Source: Journal of Business Ethics. Nov2017, Vol. 146 Issue 1, p241-254. 14p. 4 Charts.
Subject Terms: Social responsibility of business, Organizational performance, Business expansion, Technological innovations, Innovations in business
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. [ABSTRACT FROM AUTHOR]
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Database: Education Research Complete
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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. [ABSTRACT FROM AUTHOR]
ISSN:01674544
DOI:10.1007/s10551-015-2959-8