Publicação
Estrategic integration of CSR and RI: economic impacts and the role of nudge-based public policies
| Resumo: | Purpose: This work examines the impact of Corporate Social Responsibility and Responsible Innovation on firms’ economic performance, measured through annual turnover. It also considers the potential contribution of behavioural public policies, particularly those based on the nudge approach, to encourage responsible business practices. Design/methodology/approach: The analysis uses a panel dataset of 1306 of the largest firms over eight years. Random effects regression models and robustness checks are applied to assess the individual and combined effects of Corporate Social Responsibility and Responsible Innovation variables. Findings: Results indicate that Corporate Social Responsibility influence firm performance. Within the Responsible Innovation framework, environmental innovation, leadership development, and alignment with climate-related policies also show positive and significant effects. In contrast, diversity and flexible work arrangements reveal negative impacts. The combined model confirms the synergistic benefits of integrating Corporate Social Responsibility and Responsible Innovation strategies. Practical implications: Managers can benefit from strategically combining Corporate Social Responsibility and Responsible Innovation practices to enhance both sustainability and competitiveness. Policymakers may also draw on nudge inspired approaches to encourage responsible business behaviour without relying on strict regulation. Originality/value: This study integrates Corporate Social Responsibility, Responsible Innovation, and behavioural public policy perspectives, offering novel evidence on how firms can align sustainability with improved economic performance under supportive institutional frameworks. |
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| Autores principais: | Lopes, Lúcia Gonçalves |
| Assunto: | Corporate social responsibility Responsible innovation Economic performance Nudge Governance |
| Ano: | 2025 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Aveiro |
| Idioma: | inglês |
| Origem: | RIA - Repositório Institucional da Universidade de Aveiro |
| Resumo: | Purpose: This work examines the impact of Corporate Social Responsibility and Responsible Innovation on firms’ economic performance, measured through annual turnover. It also considers the potential contribution of behavioural public policies, particularly those based on the nudge approach, to encourage responsible business practices. Design/methodology/approach: The analysis uses a panel dataset of 1306 of the largest firms over eight years. Random effects regression models and robustness checks are applied to assess the individual and combined effects of Corporate Social Responsibility and Responsible Innovation variables. Findings: Results indicate that Corporate Social Responsibility influence firm performance. Within the Responsible Innovation framework, environmental innovation, leadership development, and alignment with climate-related policies also show positive and significant effects. In contrast, diversity and flexible work arrangements reveal negative impacts. The combined model confirms the synergistic benefits of integrating Corporate Social Responsibility and Responsible Innovation strategies. Practical implications: Managers can benefit from strategically combining Corporate Social Responsibility and Responsible Innovation practices to enhance both sustainability and competitiveness. Policymakers may also draw on nudge inspired approaches to encourage responsible business behaviour without relying on strict regulation. Originality/value: This study integrates Corporate Social Responsibility, Responsible Innovation, and behavioural public policy perspectives, offering novel evidence on how firms can align sustainability with improved economic performance under supportive institutional frameworks. |
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