Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/264529 
Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Corporate Social Responsibility and Environmental Management [ISSN:] 1535-3966 [Volume:] 29 [Issue:] 3 [Publisher:] John Wiley & Sons, Inc. [Place:] Chichester, UK [Year:] 2022 [Pages:] 635-645
Verlag: 
John Wiley & Sons, Inc., Chichester, UK
Zusammenfassung: 
R&D intensity has been highlighted as an important factor in analyzing the relationship between corporate social (CSP) and corporate financial performance (CFP). However, the underlying mechanisms of how R&D intensity influences the CSP‐CFP relationship have caused a great deal of confusion: first, while controlling for R&D intensity, studies have continued to report ambiguous results and, second, many studies have found R&D intensity to be negatively related to CFP. Motivated by insights from the innovation literature, we revise the functional relationship and examine moderation effects of R&D intensity. Accordingly, we find a u‐shaped relationship between R&D intensity and CFP. We conclude that this functional relationship is an essential finding for future CSP‐CFP studies in order to avoid misspecifications. Further, we cannot find empirical support for a moderation effect of R&D intensity. Thus, we conclude that R&D intensity and CSP should not be considered to be mutually reinforcing drivers of CFP.
Schlagwörter: 
corporate financial performance (CFP)
corporate social performance (CSP)
innovation and sustainability
R&D management
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Dokumentart: 
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Dokumentversion: 
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