Corporate sustainability commitment in the Middle East and North Africa region: Impact on innovation and firm performance

IF 4.8 Q1 BUSINESS
Hanen Sdiri, Ines Ammar
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引用次数: 0

Abstract

This study examines the effects of corporate sustainability factors (CSFs)—specifically gender diversity, energy practices, and environmental practices—on innovation and their subsequent impact on firm performance in the Middle East and North Africa (MENA) region. By integrating Absorptive Capacity Theory, we explore how these CSFs drive innovation, contributing to broader sustainable development goals. We analyze the impact of innovation on firm performance using the resource-based view (RBV). Utilizing secondary data from the World Bank Enterprise Survey (WBES), we employ a two-stage instrumental variable regression (IV-2SLS) to address endogeneity and establish causal relationships. Our findings reveal that stakeholder engagement through gender diversity, energy practices, and environmental practices significantly enhances innovation, which, in turn, drives firm performance. Diverse leadership fosters creativity and innovation, while energy-efficient and environmentally sustainable practices reduce costs, improve brand reputation, and align with sustainable development goals. These insights underscore essential policy implications for promoting environmental policy, clean production, and sustainable innovation ecosystems. Encouraging MENA firms to engage stakeholders and adopt sustainable practices can drive economic prosperity and contribute to the United Nations Sustainable Development Goals (SDGs).

中东和北非地区企业的可持续发展承诺:对创新和公司业绩的影响
本研究探讨了企业可持续发展因素(CSFs)--特别是性别多样性、能源实践和环境实践--对中东和北非(MENA)地区创新的影响及其对企业绩效的后续影响。通过整合吸收能力理论,我们探讨了这些 CSF 如何推动创新,从而为更广泛的可持续发展目标做出贡献。我们采用基于资源的观点(RBV)分析了创新对企业绩效的影响。利用世界银行企业调查(WBES)的二手数据,我们采用了两阶段工具变量回归(IV-2SLS)来解决内生性问题并建立因果关系。我们的研究结果表明,利益相关者通过性别多元化、能源实践和环保实践的参与能显著提高创新能力,进而推动公司业绩。多元化的领导力促进了创造力和创新,而节能和环境可持续实践则降低了成本,提高了品牌声誉,并符合可持续发展目标。这些见解强调了促进环境政策、清洁生产和可持续创新生态系统的重要政策意义。鼓励中东和北非地区的企业让利益相关者参与进来并采用可持续的做法,可以推动经济繁荣并为联合国可持续发展目标(SDGs)做出贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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