strategies for creating new products and processes that reduce environmental effects. The impact of green innovation on firm performance is well established in the literature; however, the relationship between a firm’s adoption of green innovation and its social behaviour has not yet been explored. This study aimed to fill this gap by analysing the impact of green innovation on companies’ social behaviour, at both the overall and sub dimensions levels. Design/methodology/approach–Thisstudywasconductedonasampleof191companiesworldwidebetween 2016 and 2019. Company data were extracted from the Joint Research Centre database established by the European Commission and the Organisation for Economic Cooperation and Development. In contrast, data on corporate socialbehaviourwastakenfromtheLSEGWorkspacedatabase.Weappliedapanelregressionusinga fixed effects model to test the research hypotheses. Findings– The results support the positive impact of green innovations on corporate social behaviour in the immediate andsubsequentperiods. However, the empirical results do not provide significant evidence for some dimensions of corporate social behaviour, such as respect for human rights and product responsibility. Originality/value– The study’s novelty lies in its emphasis on how green innovation shapes corporate social behaviour and enhances stakeholder relationships. Green innovation is introduced as a strategic instrument for meeting social duties and increasing trust, loyalty and ethical engagement with important stakeholders.
The impact of green innovation on corporate social behaviour: longitudinal analysing of the mixed effects on stakeholder relationships
Michele Rubino
;Ilaria Mastrorocco
2025-01-01
Abstract
strategies for creating new products and processes that reduce environmental effects. The impact of green innovation on firm performance is well established in the literature; however, the relationship between a firm’s adoption of green innovation and its social behaviour has not yet been explored. This study aimed to fill this gap by analysing the impact of green innovation on companies’ social behaviour, at both the overall and sub dimensions levels. Design/methodology/approach–Thisstudywasconductedonasampleof191companiesworldwidebetween 2016 and 2019. Company data were extracted from the Joint Research Centre database established by the European Commission and the Organisation for Economic Cooperation and Development. In contrast, data on corporate socialbehaviourwastakenfromtheLSEGWorkspacedatabase.Weappliedapanelregressionusinga fixed effects model to test the research hypotheses. Findings– The results support the positive impact of green innovations on corporate social behaviour in the immediate andsubsequentperiods. However, the empirical results do not provide significant evidence for some dimensions of corporate social behaviour, such as respect for human rights and product responsibility. Originality/value– The study’s novelty lies in its emphasis on how green innovation shapes corporate social behaviour and enhances stakeholder relationships. Green innovation is introduced as a strategic instrument for meeting social duties and increasing trust, loyalty and ethical engagement with important stakeholders.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
