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Links between sustainability-related innovation and sustainability management

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  • Wagner, Marcus

Abstract

This paper analyses the link between sustainability-related innovation and sustainability performance and the role that family firms play in this. This theme is particular relevant from a European point of view given the large number of firms that are family-owned. Governments often support environmentally and socially beneficial innovation with various policy instruments with the intention is to increase international competitiveness and simultaneously support sustainable development. In parallel, firms use corporate social responsibility (CSR) and environmental management systems partly in the hope that this will foster such innovation in their organisation. Hence the main research question of this paper is about the association of CSR and environmental management with environmentally and socially beneficial innovation and its determinants. Based on panel data, the paper analyses the link of corporate sustainability performance with sustainability innovation and the effect of being a family firm using panel estimation techniques. The paper discusses the results of the analysis, which point to a moderating role of family firms on the link of sustainability innovation and performance and assesses the policy implications of this insight.

Suggested Citation

  • Wagner, Marcus, 2008. "Links between sustainability-related innovation and sustainability management," SFB 649 Discussion Papers 2008-046, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    • Handle: RePEc:zbw:sfb649:sfb649dp2008-046
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Weber, Enzo & Zhang, Yanqun, 2012. "Common influences, spillover and integration in Chinese stock markets," Journal of Empirical Finance, Elsevier, vol. 19(3), pages 382-394.
    2. LE BAS Christian & POUSSING Nicolas, 2013. "Firm voluntary measures for environmental changes, eco-innovations and CSR: Empirical analyses based on data surveys," LISER Working Paper Series 2013-25, Luxembourg Institute of Socio-Economic Research (LISER).
    3. Dannewald, Till & Hildebrandt, Lutz, 2008. "A brand specific investigation of international cost shock threats on price and margin with a manufacturer-wholesaler-retailer model," SFB 649 Discussion Papers 2008-070, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    4. repec:hum:wpaper:sfb649dp2008-072 is not listed on IDEAS
    5. Rathore, Himanshu & Jakhar, Suresh Kumar & Bhattacharya, Arijit & Madhumitha, E., 2020. "Examining the mediating role of innovative capabilities in the interplay between lean processes and sustainable performance," International Journal of Production Economics, Elsevier, vol. 219(C), pages 497-508.
    6. repec:hum:wpaper:sfb649dp2008-069 is not listed on IDEAS
    7. Sajid Rahman Khattak & Imran Saeed & Bilal Tariq, 2018. "Corporate Sustainability Practices and Organizational Economic Performance," Global Social Sciences Review, Humanity Only, vol. 3(4), pages 343-355, December.
    8. Evgeniya Lupova-Henry & Nicola Francesco Dotti, 2019. "Governance of sustainable innovation: Moving beyond the hierarchy-market-network trichotomy? A systematic literature review using the ‘who-how-what’ framework," ULB Institutional Repository 2013/283521, ULB -- Universite Libre de Bruxelles.
    9. Weber, Enzo, 2008. "Structural dynamic conditional correlation," SFB 649 Discussion Papers 2008-069, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    10. repec:hum:wpaper:sfb649dp2008-070 is not listed on IDEAS

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    More about this item

    Keywords

    Sustainability; innovation; management; quantitative methods; family firms;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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