为环保付钱?企业社会责任契约对绿色创新绩效的影响

IF 3.8 4区 管理学 Q2 BUSINESS
Yuting Hou, Alejandro Bello-Pintado, Teresa García-Marco
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引用次数: 0

摘要

本研究考察了企业社会责任(CSR)标准在高管薪酬中的整合如何提高欧洲国家的绿色创新绩效。本文运用代理理论和利益相关者理论,以及一个包含2012-2021年5603家欧洲公司年度观察数据的数据库,发现企业社会责任通过绿色薪酬合同使高管的利益与公司的绿色创新目标保持一致。我们还探讨了这种关系中的间接效应,并揭示了绿色实践的实施在企业社会责任契约对绿色创新绩效的影响中起中介作用。这些研究结果表明,企业社会责任契约作为一种有效的治理机制,可以通过减少资源使用、提高用水效率、能源再利用、减排和污染防治等绿色实践来加强。本研究为希望管理企业社会责任倡议和绿色实践以提高其绿色创新绩效的高管和政策制定者提供了有价值的见解。凝胶分类:q56 m12
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Pay to be green? The effect of corporate social responsibility contracting on green innovation performance
This study examines how the integration of corporate social responsibility (CSR) criteria in executive compensation can improve green innovation performance in European countries. Using agency theory and stakeholder theory, and a database of 5,603 firm-year observations from European companies in the period 2012–2021, we find that CSR aligns the interests of senior executives with the company’s green innovation goals through green compensation contracts. We also explore the indirect effect in this relationship and reveal that the implementation of green practices mediates the impact of CSR contracting on green innovation performance. These findings indicate that CSR contracting as an effective governance mechanism could be strengthened by green practices, such as reducing resource use, water efficiency, energy reuse, emission reduction and pollution prevention. This study offers valuable insights for senior executives and policymakers who wish to manage CSR initiatives and green practices to improve their green innovation performance. JEL CLASSIFICATION: Q56 M12
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来源期刊
CiteScore
7.50
自引率
6.90%
发文量
14
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