The Moderating Effect of Environmental Innovation on the Relationship between Corporate Social Responsibility and Environmental Performance: Proposal of a Theoretical Model
##plugins.themes.bootstrap3.article.main##
Today, it becomes indispensable for businesses to have socially responsible behaviors and environmental approaches. Businesses should prioritize corporate social responsibility (CSR), environmental innovation and environmental performance in order to avoid global environmental problems that may emerge as a result of irresponsible behaviours and lack of environmental protection. This study aims to propose a theoretical model for the relationship between CSR, environmental innovation and environmental performance. For this purpose, the relations between the variables were examined in the light of research and studies in the literature and a theoretical model was proposed based on the information obtained.
Downloads
Download data is not yet available.
References
-
G. Rexhepi, S. Kurtishi, and G. Bexheti, "Corporate Social Responsibility (CSR) and Innovation – The Drivers of Business Growth?," Procedia - Social and Behavioral Sciences, vol. 75, pp. 532-541, 2013.
Google Scholar
1
-
S. P. MacGregor and J. Fontrodona, "Exploring the fit between CSR and innovation," Working paper 759, IESE Business School, University of Navarra, 2008.
Google Scholar
2
-
X. Long, et al., "The effect of environmental innovation behavior on economic and environmental performance of 182 Chinese firms," Journal of Cleaner Production, vol. 166, pp. 1274-1282, 2017.
Google Scholar
3
-
Z. Liao and M. Zhang, "The influence of responsible leadership on environmental innovation and environmental performance: The moderating role of managerial discretion," Corporate Social Responsibility and Environmental Management, vol. 27, no. 5, pp. 2016-2027, 2020.
Google Scholar
4
-
Z. J. Liao, "Corporate culture, environmental innovation and financial performance," Business Strategy and the Environment, vol. 27, no. 8, pp. 1368-1375, 2018.
Google Scholar
5
-
S. P. Saeidi, M. S. H. Othman, P. Saeidi, and S. P. Saeidi, "The moderating role of environmental management accounting between environmental innovation and firm financial performance," International Journal of Business Performance Management, vol. 19, no. 3, pp. 326-348, 2018.
Google Scholar
6
-
P. S. Sanchez-Medina, J. Corbett, and A. Toledo-Lopez, "Environmental Innovation and Sustainability in Small Handicraft Businesses in Mexico," Sustainability, vol. 3, no. 7, pp. 984-1002, 2011.
Google Scholar
7
-
W. Yu and H. F. Yu, "The Effect of Environmental Innovation on Employment Level: Evidence from China's Manufacturing Industries," Problemy Ekorozwoju, vol. 12, no. 1, pp. 7-14, 2017.
Google Scholar
8
-
S. Y. Long and Z. J. Liao, "Would consumers pay for environmental innovation? The moderating role of corporate environmental violations," Environmental Science and Pollution Research, vol. 28, no. 23, pp. 29075-29084, 2021.
Google Scholar
9
-
D. Tobelmann and T. Wendler, "The impact of environmental innovation on carbon dioxide emissions," Journal of Cleaner Production, vol. 244, 2020.
Google Scholar
10
-
G. C. Wu, "Environmental innovation approaches and business performance: effects of environmental regulations and resource commitment," Innovation-Organization & Management, vol. 19, no. 4, pp. 407-427, 2017.
Google Scholar
11
-
Z. J. Liao and J. L. Cheng, "Can a firm's environmental innovation attract job seekers? Evidence from experiments," Corporate Social Responsibility and Environmental Management, vol. 27, no. 2, pp. 542-551, 2020.
Google Scholar
12
-
Z. J. Liao, "Environmental policy instruments, environmental innovation and the reputation of enterprises," Journal of Cleaner Production, vol. 171, pp. 1111-1117, 2018.
Google Scholar
13
-
A. McWilliams, D. S. Siegel, and P. M. Wright, "Corporate Social Responsibility: Strategic Implications*," Journal of Management Studies, vol. 43, no. 1, pp. 1-18, 2006.
Google Scholar
14
-
P. Rodrigues, E. Real, F. Vitorino, and I. Cantista. "The importance of corporate social responsibility in the brand image," in 10th International Marketing Trends Congress, Paris, January. 2011.
Google Scholar
15
-
D. Devie, L. P. Liman, J. Tarigan, and F. Jie, "Corporate social responsibility, financial performance and risk in Indonesian natural resources industry," Social Responsibility Journal, vol. 16, no. 1, pp. 73-90, 2020.
Google Scholar
16
-
E. Garriga and D. Melé, "Corporate Social Responsibility Theories: Mapping the Territory," Journal of Business Ethics, vol. 53, no. 1, pp. 51-71, 2004.
Google Scholar
17
-
ISO 14001, "Environmental Management Systems—Requirements with Guidance for Use," International Standards Organization, Geneva, Switzerland, 2015.
Google Scholar
18
-
D. Ruez, "Environmental Performance Indicators", in Environmental Science, N. Malakar, Ed. The Connexions Project, U of I Open Source Textbook Initiative, 2019, pp. 466-473.
Google Scholar
19
-
E. Chinomona and M. Mahlatsi, "Green supply chain practices and supply chain performance in the beverage industry of South Africa," Journal of Contemporary Management, vol. 17, no. 2, pp. 295-325, 2020.
Google Scholar
20
-
L. Lankoski, "Determinants of environmental profit: An analysis of the firm-level relationship between environmental performance and economic performance," Ph.D. dissertations, Helsinki University of Technology, Institute of Strategy and International Business, 2000.
Google Scholar
21
-
M. Ikram, et al., "Does CSR influence firm performance? A longitudinal study of SME sectors of Pakistan," Journal of Global Responsibility, vol. 11, no. 1, pp. 27-53, 2020.
Google Scholar
22
-
N. Orazalin, "Do board sustainability committees contribute to corporate environmental and social performance? The mediating role of corporate social responsibility strategy," Business Strategy and the Environment, vol. 29, no. 1, pp. 140-153, 2020.
Google Scholar
23
-
A. Shaukat, Y. Qiu, and G. Trojanowski, "Board Attributes, Corporate Social Responsibility Strategy, and Corporate Environmental and Social Performance," Journal of Business Ethics, vol. 135, no. 3, pp. 569-585, 2016.
Google Scholar
24
-
J. Herrera Madueño, M. Larrán Jorge, I. Martínez Conesa, and D. Martínez-Martínez, "Relationship between corporate social responsibility and competitive performance in Spanish SMEs: Empirical evidence from a stakeholders’ perspective," BRQ Business Research Quarterly, vol. 19, no. 1, pp. 55-72, 2016.
Google Scholar
25
-
Y. Liu, Y. Chen, Y. Ren, and B. Jin, "Impact mechanism of corporate social responsibility on sustainable technological innovation performance from the perspective of corporate social capital," Journal of Cleaner Production, vol. 308, pp. 127345, 2021.
Google Scholar
26
-
W. Long, S. Li, H. Wu, and X. Song, "Corporate social responsibility and financial performance: The roles of government intervention and market competition," Corporate Social Responsibility and Environmental Management, vol. 27, no. 2, pp. 525-541, 2020.
Google Scholar
27
-
M. S. Sial, Z. Chunmei, T. Khan, and V. K. Nguyen, "Corporate social responsibility, firm performance and the moderating effect of earnings management in Chinese firms," Asia-Pacific Journal of Business Administration, vol. 10, no. 2/3, pp. 184-199, 2018.
Google Scholar
28
-
G. Zhou, Y. Sun, S. Luo, and J. Liao, "Corporate social responsibility and bank financial performance in China: The moderating role of green credit," Energy Economics, vol. 97, pp. 105190, 2021.
Google Scholar
29
-
F. Shahzad, M. H. Baig, I. U. Rehman, A. Saeed, and G. A. Asim, "Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms," Borsa Istanbul Review, 2021.
Google Scholar
30
-
N. T. T. Nguyen, N. P. Nguyen, and T. Thanh Hoai, "Ethical leadership, corporate social responsibility, firm reputation, and firm performance: A serial mediation model," Heliyon, vol. 7, no. 4, pp. e06809, 2021.
Google Scholar
31
-
O. S. Agyemang and A. Ansong, "Corporate social responsibility and firm performance of Ghanaian SMEs," Journal of Global Responsibility, vol. 8, no. 1, pp. 47-62, 2017.
Google Scholar
32
-
L. Sun and T.R. Yu, "The impact of corporate social responsibility on employee performance and cost," Review of Accounting and Finance, vol. 14, no. 3, pp. 262-284, 2015.
Google Scholar
33
-
Y. Yu and Y. Choi, "Corporate social responsibility and firm performance through the mediating effect of organizational trust in Chinese firms," Chinese Management Studies, vol. 8, no. 4, pp. 577-592, 2014.
Google Scholar
34
-
M. Feng, X. Wang, and J. G. Kreuze, "Corporate social responsibility and firm financial performance," American Journal of Business, vol. 32, no. 3-4, pp. 106-133, 2017.
Google Scholar
35
-
E. Al-Samman and M. M. Al-Nashmi, "Effect of corporate social responsibility on nonfinancial organizational performance: evidence from Yemeni for-profit public and private enterprises," Social Responsibility Journal, vol. 12, no. 2, pp. 247-262, 2016.
Google Scholar
36
-
C. Valmohammadi, "Impact of corporate social responsibility practices on organizational performance: an ISO 26000 perspective," Social Responsibility Journal, vol. 10, no. 3, pp. 455-479, 2014.
Google Scholar
37
-
M. Úbeda-García, E. Claver-Cortés, B. Marco-Lajara, and P. Zaragoza-Sáez, "Corporate social responsibility and firm performance in the hotel industry. The mediating role of green human resource management and environmental outcomes," Journal of Business Research, vol. 123, pp. 57-69, 2021.
Google Scholar
38
-
K. Singh and M. Misra, "Linking Corporate Social Responsibility (CSR) and Organizational Performance: the moderating effect of corporate reputation," European Research on Management and Business Economics, vol. 27, no. 1, pp. 100139, 2021.
Google Scholar
39
-
W. Han, Y. Zhuangxiong, and L. Jie, "Corporate social responsibility, product market competition, and product market performance," International Review of Economics & Finance, vol. 56, pp. 75-91, 2018.
Google Scholar
40
-
N. Ngoc, "The Effect of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from Credit Institutions in Vietnam," Asian Social Science, vol. 14, no. 4, pp. 109-122, 2018.
Google Scholar
41
-
V. Lima Crisóstomo, F. de Souza Freire, and F. Cortes de Vasconcellos, "Corporate social responsibility, firm value and financial performance in Brazil," Social Responsibility Journal, vol. 7, no. 2, pp. 295-309, 2011.
Google Scholar
42
-
W. L. Lin, J. A. Ho, S. I. Ng, and C. Lee, "Does corporate social responsibility lead to improved firm performance? The hidden role of financial slack," Social Responsibility Journal, vol. 16, no. 7, pp. 957-982, 2020.
Google Scholar
43
-
A. McWilliams and D. Siegel, "Corporate social responsibility and financial performance: correlation or misspecification?," Strategic Management Journal, vol. 21, no. 5, pp. 603-609, 2000.
Google Scholar
44
-
J. Surroca, J. A. Tribó, and S. Waddock, "Corporate responsibility and financial performance: the role of intangible resources," Strategic Management Journal, vol. 31, no. 5, pp. 463-490, 2010.
Google Scholar
45
-
F. Dias Angelo, C. Jose Chiappetta Jabbour, and S. Vasconcellos Galina, "Environmental innovation: in search of a meaning," World Journal of Entrepreneurship, Management and Sustainable Development, vol. 8, no. 2/3, pp. 113-121, 2012.
Google Scholar
46
-
K. Rennings, "Redefining innovation — eco-innovation research and the contribution from ecological economics," Ecological Economics, vol. 32, no. 2, pp. 319-332, 2000.
Google Scholar
47
-
C. P. Padilla-Lozano and P. Collazzo, "Corporate social responsibility, green innovation and competitiveness – causality in manufacturing," Competitiveness Review: An International Business Journal, vol. ahead-of-print, no.ahead-of-print, 2021.
Google Scholar
48
-
X. Pan, P. Sinha, and X. Chen, "Corporate social responsibility and eco‐innovation: The triple bottom line perspective," Corporate Social Responsibility and Environmental Management, vol. 28, no. 1, pp. 214-228, 2021.
Google Scholar
49
-
L. Suganthi, "Examining the relationship between corporate social responsibility, performance, employees’ pro-environmental behavior at work with green practices as mediator," Journal of Cleaner Production, vol. 232, pp. 739-750, 2019.
Google Scholar
50
-
N. Lutao, P. Xin, and X. Xuhong. "Corporate social responsibility, environmental product innovation and firm performance: Evidence from Chinese listed firms," in 2017 IEEE Technology & Engineering Management Conference (TEMSCON), 2017.
Google Scholar
51
-
Y. Li, "Environmental innovation practices and performance: moderating effect of resource commitment," Journal of Cleaner Production, vol. 66, pp. 450-458, 2014.
Google Scholar
52
-
Z. Liao, P. Liu, and S. Liu, "A meta-analysis of environmental innovation and firm performance," Journal of Environmental Planning and Management, vol. 64, no. 11, pp. 2047-2065, 2021.
Google Scholar
53
-
M. Zahid, H. Naeem, I. Aftab, and S. A. Mughal, "From corporate social responsibility activities to financial performance: role of innovation and competitive advantage," Asia Pacific Journal of Innovation and Entrepreneurship, vol. 15, no. 1, pp. 2-13, 2021.
Google Scholar
54
-
D. Bahta, J. Yun, M. R. Islam, and M. Ashfaq, "Corporate social responsibility, innovation capability and firm performance: evidence from SME," Social Responsibility Journal, vol. ahead-of-print, no.ahead-of-print, 2020.
Google Scholar
55
-
I. Martinez-Conesa, P. Soto-Acosta, and M. Palacios-Manzano, "Corporate social responsibility and its effect on innovation and firm performance: An empirical research in SMEs," Journal of Cleaner Production, vol. 142, pp. 2374-2383, 2017.
Google Scholar
56
-
C. Reverte, E. Gómez-Melero, and J. G. Cegarra-Navarro, "The influence of corporate social responsibility practices on organizational performance: evidence from Eco-Responsible Spanish firms," Journal of Cleaner Production, vol. 112, pp. 2870-2884, 2016.
Google Scholar
57
-
J.-P. Gond, N. Kang, and J. Moon, "The government of self-regulation: on the comparative dynamics of corporate social responsibility," Economy and Society, vol. 40, no. 4, pp. 640-671, 2011.
Google Scholar
58
-
G. Ö. Wingqvist, O. Drakenberg, D. Slunge, M. Sjöstedt, and A. Ekbom, "The role of governance for improved environmental outcomes: Perspectives for developing countries and countries in transition," Swedish Environmental Protection Agency, Report 6514. Naturvårdsverket, 2012.
Google Scholar
59