INFLUENCE OF THE ENVIRONMENTAL DIMENSION OF CORPORATE SOCIAL RESPONSIBILITY ON INNOVATION BY MANUFACTURING COMPANIES IN MEXIC INFLUENCIA DE LA DIMENSION AMBIENTAL DE LA RESPONSABILIDAD SOCIAL CORPORATIVA EN LA INNOVACION DE LAS EMPRESAS MANUFACTURERAS DE MEXICO

Cecilia Martinez Villalobos, Roberto Gonzalez Acolt and Manuel Diaz Flores

Revista Internacional Administracion & Finanzas, 2018, vol. 11, issue 3, 57-67

Abstract: This paper studied the effect of the environmental dimension of Corporate Social Responsibility (CSR) on the probability that manufacturing companies in Mexico perform innovation actions. To analyze this relationship, a probit econometric model was estimated with data from 15,601 manufacturing economic units using the environmental and science, technology and innovation modules of the 2014 economic census. The main results show that only some variables have a positive and significative influence on innovation (environmental standards, employees dedicated to protecting environment or natural resources and some treatment to wastewater), nevertheless, there are other relevant variables, although with expected sign but with statistically no significance as in the case of investment to reduce certain environmental damages. A feasible explanation of this last result might be a time limitation of the analysis

Keywords: Corporate Social Responsibility; Innovation; Manufacturing Industry (search for similar items in EconPapers)
JEL-codes: Q50 Q56 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:11:y:2018:i:3:p:57-67

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