Corporate social responsibility driven innovation

Yunhee Kim, Christian Brodhag () and Desta Mebratu
Additional contact information
Yunhee Kim: OCDE - Organisation de Coopération et de Développement Economiques = Organisation for Economic Co-operation and Development
Christian Brodhag: EPICE-ENSMSE - Département Etudes sur la performance, l'Innovation et le Changement en Entreprise - Mines Saint-Étienne MSE - École des Mines de Saint-Étienne - IMT - Institut Mines-Télécom [Paris] - Institut Henri Fayol
Desta Mebratu: PNUE - Programme des Nations Unies pour l'Environnement - Programme des Nations Unies pour l'Environnement

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Abstract: This study identifies the substantial relationship between corporate social responsibility (CSR) and innovation activities of firms. Using the French Vigeo sustainability rating and the Thomson Reuters, we divided 619 firms into groups by their industry sectors, regions, and firm characteristics such as size and age. We premise that innovative investment is needed to prepare tomorrow's profits not only by considering investments in technology and in R&D, but also by dealing with sustainability to human, social, environmental, technical, and economic investments. Consequently, when the firm manipulates its short- and long-run business strategies, the consideration of the correlation between types of investment and CSR initiatives will lead to more cooperating effect on the outcome of investments. The findings provide a comprehensive understanding on the effect of sustainable management strategies on the innovation and sustainability of firms.

Keywords: business\-led initiatives; innovation; stakeholders; sustainability (search for similar items in EconPapers)
Date: 2014-06-13
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Citations: View citations in EconPapers (12)

Published in Innovation / Innovation: The European Journal of Social Science Research, 2014, Volume 27 (Issue 2), p. 175-196. ⟨10.1080/13511610.2014.915191⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:emse-01009999

DOI: 10.1080/13511610.2014.915191

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