Pay to be green? The effect of corporate social responsibility contracting on green innovation performance

IF 3.8 4区 管理学 Q2 BUSINESS Brq-Business Research Quarterly Pub Date : 2023-08-23 DOI:10.1177/23409444231189825
Yuting Hou, Alejandro Bello-Pintado, Teresa García-Marco
{"title":"Pay to be green? The effect of corporate social responsibility contracting on green innovation performance","authors":"Yuting Hou, Alejandro Bello-Pintado, Teresa García-Marco","doi":"10.1177/23409444231189825","DOIUrl":null,"url":null,"abstract":"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","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":"71 3 1","pages":""},"PeriodicalIF":3.8000,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Brq-Business Research Quarterly","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/23409444231189825","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0

Abstract

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
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
为环保付钱?企业社会责任契约对绿色创新绩效的影响
本研究考察了企业社会责任(CSR)标准在高管薪酬中的整合如何提高欧洲国家的绿色创新绩效。本文运用代理理论和利益相关者理论,以及一个包含2012-2021年5603家欧洲公司年度观察数据的数据库,发现企业社会责任通过绿色薪酬合同使高管的利益与公司的绿色创新目标保持一致。我们还探讨了这种关系中的间接效应,并揭示了绿色实践的实施在企业社会责任契约对绿色创新绩效的影响中起中介作用。这些研究结果表明,企业社会责任契约作为一种有效的治理机制,可以通过减少资源使用、提高用水效率、能源再利用、减排和污染防治等绿色实践来加强。本研究为希望管理企业社会责任倡议和绿色实践以提高其绿色创新绩效的高管和政策制定者提供了有价值的见解。凝胶分类:q56 m12
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
7.50
自引率
6.90%
发文量
14
期刊最新文献
Strategic supplier performance in a competitive landscape: Enhancing organizational performance through lean supply chain management Leading a post-pandemic workforce: Understanding employees’ changing work ethic How to improve quality investing Uncertainty’s impact on adaptive performance in the post-COVID era: The moderating role of perceived leader’s effectiveness Strategy-making: The use and misuse of artifacts to achieve common understanding
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1