Influence of Environmental Innovation on Corporate Sustainability in Latin American Companies
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | , |
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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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 info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
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 application/pdf |
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 |
_version_ |
1799698971339259904 |