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Influence Of The Environmental Dimension Of Corporate Social Responsibility On Innovation By Manufacturing Companies In Mexic Influencia De La Dimension Ambiental De La Responsabilidad Social Corporativa En La Innovacion De Las Empresas Manufactureras De Mexico

Author

Listed:
  • Cecilia Martinez Villalobos
  • Roberto Gonzalez Acolt
  • Manuel Diaz Flores

Abstract

This paper studied the effect of the environmental dimension of Corporate Social Responsibility (CSR) on the probability that manufacturing companies in Mexico perform innovation actions. To analyze this relationship, a probit econometric model was estimated with data from 15,601 manufacturing economic units using the environmental and science, technology and innovation modules of the 2014 economic census. The main results show that only some variables have a positive and significative influence on innovation (environmental standards, employees dedicated to protecting environment or natural resources and some treatment to wastewater), nevertheless, there are other relevant variables, although with expected sign but with statistically no significance as in the case of investment to reduce certain environmental damages. A feasible explanation of this last result might be a time limitation of the analysis

Suggested Citation

  • Cecilia Martinez Villalobos & Roberto Gonzalez Acolt & Manuel Diaz Flores, 2018. "Influence Of The Environmental Dimension Of Corporate Social Responsibility On Innovation By Manufacturing Companies In Mexic Influencia De La Dimension Ambiental De La Responsabilidad Social Corporat," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 11(3), pages 57-67.
    • Handle: RePEc:ibf:riafin:v:11:y:2018:i:3:p:57-67
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    References listed on IDEAS

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    1. Hoje Jo & Hakkon Kim & Kwangwoo Park, 2015. "Corporate Environmental Responsibility and Firm Performance in the Financial Services Sector," Journal of Business Ethics, Springer, vol. 131(2), pages 257-284, October.
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    4. Horbach, Jens, 2008. "Determinants of environmental innovation--New evidence from German panel data sources," Research Policy, Elsevier, vol. 37(1), pages 163-173, February.
    5. Rennings, Klaus & Ziegler, Andreas & Ankele, Kathrin & Hoffmann, Esther, 2006. "The influence of different characteristics of the EU environmental management and auditing scheme on technical environmental innovations and economic performance," Ecological Economics, Elsevier, vol. 57(1), pages 45-59, April.
    6. Wagner, Marcus, 2008. "Empirical influence of environmental management on innovation: Evidence from Europe," Ecological Economics, Elsevier, vol. 66(2-3), pages 392-402, June.
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    Keywords

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    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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