Liquidity, Specific Assets and Investment: An Empirical Analysis with Spanish Firms
In: Journal of transnational management development, Band 5, Heft 2, S. 27-40
ISSN: 1528-7009
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In: Journal of transnational management development, Band 5, Heft 2, S. 27-40
ISSN: 1528-7009
In: Research policy: policy, management and economic studies of science, technology and innovation, Band 39, Heft 10, S. 1375-1386
ISSN: 1873-7625
In: R&D Management, Band 47, Heft 2, S. 311-329
SSRN
In: Journal of economics and business, Band 60, Heft 4, S. 332-354
ISSN: 0148-6195
In: Research policy: policy, management and economic studies of science, technology and innovation
ISSN: 0048-7333
World Affairs Online
In: Business research quarterly: BRQ
ISSN: 2340-9444
This study examines how the integration of corporate social responsibility (CSR) criteria in executive compensation can improve green innovation performance in European countries. Using agency theory and stakeholder theory, and a database of 5,603 firm-year observations from European companies in the period 2012–2021, we find that CSR aligns the interests of senior executives with the company's green innovation goals through green compensation contracts. We also explore the indirect effect in this relationship and reveal that the implementation of green practices mediates the impact of CSR contracting on green innovation performance. These findings indicate that CSR contracting as an effective governance mechanism could be strengthened by green practices, such as reducing resource use, water efficiency, energy reuse, emission reduction and pollution prevention. This study offers valuable insights for senior executives and policymakers who wish to manage CSR initiatives and green practices to improve their green innovation performance. JEL CLASSIFICATION: Q56 M12
In: Innovation: organization & management: IOM, Band 26, Heft 1, S. 145-168
ISSN: 2204-0226
In: Research Policy, Band 42, Heft 6-7, S. 1239-1250