Linking Responsible Innovation and Nonfinancial Reporting: Evidence From Manufacturing SMEs

IF 13.3 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-09-11 DOI:10.1002/bse.70194

Marika Intenza, Teresa Turzo, Antonio Netti, Giacomo Marzi

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引用次数: 0

Abstract

For small‐ and medium‐sized enterprises (SMEs), engagement in nonfinancial reporting (NFR) often reflects a commitment to accountability, yet the engagement in NFR remains lower than that of large firms. Given SMEs' widespread presence across markets, clarifying the determinants of their reporting behaviour is a relevant research objective. Guided by an integrated framework that combines stakeholder theory (ST) with dynamic capability theory (DCT), this study assesses whether responsible innovation (RI) raises SMEs' propensity to engage in NFR. Environmental innovation ambidexterity (EIA) and entrepreneurial orientation (EO) are modelled as mediators, while stakeholder pressure is posited as an antecedent to RI. Survey data from 559 SME managers are analysed using partial least squares structural equation modelling (PLS‐SEM). The structural estimates reveal a positive association between RI and NFR engagement. RI also stimulates both EIA and EO, and each mediator exhibits a significant indirect effect on NFR. Stakeholder pressure displays a substantive positive link with RI. These findings extend current discussions on SME sustainability disclosure by highlighting the relevance of RI and its capability‐based mechanisms.

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关联责任创新与非财务报告：来自制造业中小企业的证据

对于中小型企业（SMEs）来说，参与非财务报告（NFR）通常反映了对问责制的承诺，但参与NFR的程度仍然低于大公司。鉴于中小企业在市场上的广泛存在，阐明其报告行为的决定因素是一个相关的研究目标。在利益相关者理论（ST）与动态能力理论（DCT）相结合的综合框架指导下，本研究评估了责任创新（RI）是否提高了中小企业参与NFR的倾向。环境创新双元性（EIA）和创业导向（EO）被建模为中介，而利益相关者压力被假设为RI的先决条件。使用偏最小二乘结构方程模型（PLS‐SEM）分析了559名中小企业经理的调查数据。结构估计揭示了RI和NFR接合之间的正相关。RI也会刺激EIA和EO，并且每种介质都对NFR有显著的间接影响。利益相关者的压力与国际竞争力表现出实质性的积极联系。这些发现通过强调RI及其基于能力的机制的相关性，扩展了当前关于中小企业可持续性披露的讨论。

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 The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.