Do stakeholder capabilities promote sustainable business innovation in small and medium-sized enterprises? Evidence from Italy

Scuotto Veronica, Garcia-Perez Alexeis, Cillo Valentina and Giacosa Elisa

Journal of Business Research, 2020, vol. 119, issue C, 131-141

Abstract: Sustainable innovation and its management have become fundamental forces for change in business and society. Paradoxically, little attention has been given to how small and medium-sized enterprises (SMEs) manage sustainable innovation in the current knowledge-intensive context. By studying 80 SMEs from the high-tech manufacturing sector in Italy, this research has found that, when combined with stakeholder engagement, sustainable innovation management becomes a pivotal phenomenon for new and established SMEs. Stakeholders proved instrumental in generating the sense of environmental responsibility in SMEs. As a pioneer combination of stakeholder theory and innovation management theory, our research found that stakeholder-related capabilities, both tangible and intangible, influence the firm's orientation towards sustainable innovation, its environmental responsibility and related capabilities. Our research assists the sustainability, adaptation, innovation and growth orientation of SMEs in a knowledge-intensive environment by recommending that, in their relationship with stakeholders, SMEs become more open to co-create, share and reuse environmental knowledge.

Keywords: Stakeholder-related capabilities; Stakeholder theory; Sustainable innovation orientation; SMEs; Environmental responsibility; Environmental capabilities (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:119:y:2020:i:c:p:131-141

DOI: 10.1016/j.jbusres.2019.06.025

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