Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25286
Authors: 
Wagner, Marcus
Year of Publication: 
2008
Series/Report no.: 
SFB 649 discussion paper 2008,046
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.
Subjects: 
Sustainability
innovation
management
quantitative methods
family firms
JEL: 
C30
L73
Q25
Document Type: 
Working Paper

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