Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies

Detalhes bibliográficos
Autor(a) principal: Araújo, Risolene Alves de Macena
Data de Publicação: 2022
Outros Autores: Correia, Thamirys Sousa, Camara, Renata Paes de Barros
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: Organizações & Sociedade (Online)
Texto Completo: https://periodicos.ufba.br/index.php/revistaoes/article/view/44317
Resumo: The objective of this research is to analyze the influence of environmental innovation on corporate sustainability in the main capital markets in Latin America from the perspective of the Resource-Based View. To this end, with a sample of 202 Latin American companies, data from Thomson Reuters® were collected from 2012 to 2019. The dependent variable corporate sustainability was measured by the ESG score and the explanatory variable was represented by Environmental Innovation. The estimation was performed using robust random effects regression, with panel data. The results showed that environmental innovation explains corporate sustainability when measured by the overall score of the environmental, social and corporate governance (ESG) dimensions. Nevertheless, when analyzing each dimension individually, environmental innovation is only explained by corporate governance. A possible justification is the intrinsic characteristics of governance, since it is inserted in a context focused on transparency before the market, responsibility, resource allocation, corporate sustainability, strategic management, as well as the protection of stakeholder rights. In this aspect, the findings contribute to the academic debate on the relevance of environmental innovation for sustainable development, especially for the survival of companies operating in highly competitive markets. Thus, the ability to innovate becomes an essential demand for public companies, and analyzing corporate sustainability standards and environmental innovation actions can provide valuable information about the performance of companies. 
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spelling Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies Influência da Inovação Ambiental na Sustentabilidade Corporativa em Companhias Latino-Americanasinovação ambientalsustentabilidade corporativaESGenvironmental innovationcorporate sustainabilityESGThe objective of this research is to analyze the influence of environmental innovation on corporate sustainability in the main capital markets in Latin America from the perspective of the Resource-Based View. To this end, with a sample of 202 Latin American companies, data from Thomson Reuters® were collected from 2012 to 2019. The dependent variable corporate sustainability was measured by the ESG score and the explanatory variable was represented by Environmental Innovation. The estimation was performed using robust random effects regression, with panel data. The results showed that environmental innovation explains corporate sustainability when measured by the overall score of the environmental, social and corporate governance (ESG) dimensions. Nevertheless, when analyzing each dimension individually, environmental innovation is only explained by corporate governance. A possible justification is the intrinsic characteristics of governance, since it is inserted in a context focused on transparency before the market, responsibility, resource allocation, corporate sustainability, strategic management, as well as the protection of stakeholder rights. In this aspect, the findings contribute to the academic debate on the relevance of environmental innovation for sustainable development, especially for the survival of companies operating in highly competitive markets. Thus, the ability to innovate becomes an essential demand for public companies, and analyzing corporate sustainability standards and environmental innovation actions can provide valuable information about the performance of companies. O objetivo desta pesquisa é analisar a influência da inovação ambiental na sustentabilidade corporativa nos principais mercados de capitais da América Latina a partir da perspectiva da Visão Baseada em Recursos. Para atingir esse objetivo, com uma amostra de 202 empresas latino-americanas, foram coletados dados da Thomson Reuters®, no período de 2012 a 2019. A variável dependente sustentabilidade corporativa foi mensurada pela pontuação ESG e a variável explicativa foi representada pela Environment Innovation. A estimação ocorreu por meio de regressão de efeitos aleatórios robusta, com dados em painel. Os resultados demonstraram que a inovação ambiental explica a sustentabilidade corporativa quando ela é mensurada pela pontuação geral das dimensões ambiental, social e governança corporativa (ESG). Apesar disso, ao analisar cada dimensão individualmente, a inovação ambiental é explicada apenas pela governança corporativa. Uma possível justificativa são as características intrínsecas da governança, visto que ela está inserida em um contexto voltado à transparência perante o mercado, responsabilidade, alocação de recursos, sustentabilidade das empresas, gestão estratégica, assim como à proteção aos direitos de stakeholders. Nesse aspecto, os achados contribuem com o debate acadêmico sobre a relevância da inovação ambiental para o desenvolvimento sustentável, em especial para a sobrevivência das empresas que operam em mercados altamente competitivos. Assim, a capacidade de inovar se torna uma demanda imprescindível para as empresas abertas, bem como analisar padrões de sustentabilidade corporativa e ações de inovação ambiental podem oferecer informações valiosas sobre o desempenho das empresas. Núcleo de Pós-graduação em Administração, Escola de Administração, UFBA2022-05-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://periodicos.ufba.br/index.php/revistaoes/article/view/44317Organizações & Sociedade; Vol. 29 No. 101 (2022)Organizações & Sociedade; v. 29 n. 101 (2022)1984-92301413-585Xreponame:Organizações & Sociedade (Online)instname:Universidade Federal da Bahia (UFBA)instacron:UFBAengporhttps://periodicos.ufba.br/index.php/revistaoes/article/view/44317/26788https://periodicos.ufba.br/index.php/revistaoes/article/view/44317/26789Copyright (c) 2022 Organizações & Sociedadeinfo:eu-repo/semantics/openAccessAraújo, Risolene Alves de MacenaCorreia, Thamirys SousaCamara, Renata Paes de Barros2022-05-10T01:44:09Zoai:ojs.periodicos.ufba.br:article/44317Revistahttp://www.revistaoes.ufba.br/PUBhttps://old.scielo.br/oai/scielo-oai.phpcandidab@ufba.br||revistaoes@ufba.br1984-92301413-585Xopendoar:2022-05-10T01:44:09Organizações & Sociedade (Online) - Universidade Federal da Bahia (UFBA)false
dc.title.none.fl_str_mv Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
Influência da Inovação Ambiental na Sustentabilidade Corporativa em Companhias Latino-Americanas
title Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
spellingShingle Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
Araújo, Risolene Alves de Macena
inovação ambiental
sustentabilidade corporativa
ESG
environmental innovation
corporate sustainability
ESG
title_short Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
title_full Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
title_fullStr Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
title_full_unstemmed Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
title_sort Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
author Araújo, Risolene Alves de Macena
author_facet Araújo, Risolene Alves de Macena
Correia, Thamirys Sousa
Camara, Renata Paes de Barros
author_role author
author2 Correia, Thamirys Sousa
Camara, Renata Paes de Barros
author2_role author
author
dc.contributor.author.fl_str_mv Araújo, Risolene Alves de Macena
Correia, Thamirys Sousa
Camara, Renata Paes de Barros
dc.subject.por.fl_str_mv inovação ambiental
sustentabilidade corporativa
ESG
environmental innovation
corporate sustainability
ESG
topic inovação ambiental
sustentabilidade corporativa
ESG
environmental innovation
corporate sustainability
ESG
description The objective of this research is to analyze the influence of environmental innovation on corporate sustainability in the main capital markets in Latin America from the perspective of the Resource-Based View. To this end, with a sample of 202 Latin American companies, data from Thomson Reuters® were collected from 2012 to 2019. The dependent variable corporate sustainability was measured by the ESG score and the explanatory variable was represented by Environmental Innovation. The estimation was performed using robust random effects regression, with panel data. The results showed that environmental innovation explains corporate sustainability when measured by the overall score of the environmental, social and corporate governance (ESG) dimensions. Nevertheless, when analyzing each dimension individually, environmental innovation is only explained by corporate governance. A possible justification is the intrinsic characteristics of governance, since it is inserted in a context focused on transparency before the market, responsibility, resource allocation, corporate sustainability, strategic management, as well as the protection of stakeholder rights. In this aspect, the findings contribute to the academic debate on the relevance of environmental innovation for sustainable development, especially for the survival of companies operating in highly competitive markets. Thus, the ability to innovate becomes an essential demand for public companies, and analyzing corporate sustainability standards and environmental innovation actions can provide valuable information about the performance of companies. 
publishDate 2022
dc.date.none.fl_str_mv 2022-05-10
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv https://periodicos.ufba.br/index.php/revistaoes/article/view/44317
url https://periodicos.ufba.br/index.php/revistaoes/article/view/44317
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv https://periodicos.ufba.br/index.php/revistaoes/article/view/44317/26788
https://periodicos.ufba.br/index.php/revistaoes/article/view/44317/26789
dc.rights.driver.fl_str_mv Copyright (c) 2022 Organizações & Sociedade
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 Organizações & Sociedade
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
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dc.publisher.none.fl_str_mv Núcleo de Pós-graduação em Administração, Escola de Administração, UFBA
publisher.none.fl_str_mv Núcleo de Pós-graduação em Administração, Escola de Administração, UFBA
dc.source.none.fl_str_mv Organizações & Sociedade; Vol. 29 No. 101 (2022)
Organizações & Sociedade; v. 29 n. 101 (2022)
1984-9230
1413-585X
reponame:Organizações & Sociedade (Online)
instname:Universidade Federal da Bahia (UFBA)
instacron:UFBA
instname_str Universidade Federal da Bahia (UFBA)
instacron_str UFBA
institution UFBA
reponame_str Organizações & Sociedade (Online)
collection Organizações & Sociedade (Online)
repository.name.fl_str_mv Organizações & Sociedade (Online) - Universidade Federal da Bahia (UFBA)
repository.mail.fl_str_mv candidab@ufba.br||revistaoes@ufba.br
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