Innovation with High Social Benefits and Corporate Financial Performance

This article analyzes the effect that innovation with high social benefit has on financial performance, and to improve our understanding of this effect we extend our research by analyzing the effect of being an innovation leader has on financial performance. We intend to give insight about which inn...

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Autores principales:	Padgett,Robert C, Moura-Leite,Rosamaria C
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2012
Materias:	corporate social responsibility innovation with high social benefits research and development resource based view theory institutional theory
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000400005
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spelling	oai:scielo:S0718-272420120004000052013-05-02Innovation with High Social Benefits and Corporate Financial PerformancePadgett,Robert CMoura-Leite,Rosamaria C corporate social responsibility innovation with high social benefits research and development resource based view theory institutional theory This article analyzes the effect that innovation with high social benefit has on financial performance, and to improve our understanding of this effect we extend our research by analyzing the effect of being an innovation leader has on financial performance. We intend to give insight about which innovation strategy impacts with more intensity on financial performance. To support this analysis we will make use of the resource-based view theory and the institutional theory. Our research used the panel data technique. The final sample contains 2025 observations for 418 firms. The results of this research demonstrate that there is a negative and significant effect between innovation with high social benefit and financial performance, highlighting the importance of the involvement of governmental and non-governmental institutions to create an incentive for firms to incur in innovative activities that produce social benefits.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.7 n.4 20122012-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000400005en10.4067/S0718-27242012000400005
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	corporate social responsibility innovation with high social benefits research and development resource based view theory institutional theory
spellingShingle	corporate social responsibility innovation with high social benefits research and development resource based view theory institutional theory Padgett,Robert C Moura-Leite,Rosamaria C Innovation with High Social Benefits and Corporate Financial Performance
description	This article analyzes the effect that innovation with high social benefit has on financial performance, and to improve our understanding of this effect we extend our research by analyzing the effect of being an innovation leader has on financial performance. We intend to give insight about which innovation strategy impacts with more intensity on financial performance. To support this analysis we will make use of the resource-based view theory and the institutional theory. Our research used the panel data technique. The final sample contains 2025 observations for 418 firms. The results of this research demonstrate that there is a negative and significant effect between innovation with high social benefit and financial performance, highlighting the importance of the involvement of governmental and non-governmental institutions to create an incentive for firms to incur in innovative activities that produce social benefits.
author	Padgett,Robert C Moura-Leite,Rosamaria C
author_facet	Padgett,Robert C Moura-Leite,Rosamaria C
author_sort	Padgett,Robert C
title	Innovation with High Social Benefits and Corporate Financial Performance
title_short	Innovation with High Social Benefits and Corporate Financial Performance
title_full	Innovation with High Social Benefits and Corporate Financial Performance
title_fullStr	Innovation with High Social Benefits and Corporate Financial Performance
title_full_unstemmed	Innovation with High Social Benefits and Corporate Financial Performance
title_sort	innovation with high social benefits and corporate financial performance
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2012
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000400005
work_keys_str_mv	AT padgettrobertc innovationwithhighsocialbenefitsandcorporatefinancialperformance AT mouraleiterosamariac innovationwithhighsocialbenefitsandcorporatefinancialperformance
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Innovation with High Social Benefits and Corporate Financial Performance

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