Innovation with high social benefits and corporate financial performance Report as inadecuate




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Rosamaria C. Moura-Leite ;Journal of Technology Management & Innovation 2012, 7 4

Author: Robert C. Padgett

Source: http://www.redalyc.org/


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Journal of Technology Management & Innovation E-ISSN: 0718-2724 ljimenez@jotmi.org Universidad Alberto Hurtado Chile Padgett, Robert C.; Moura-Leite, Rosamaria C. Innovation with High Social Benefits and Corporate Financial Performance Journal of Technology Management & Innovation, vol.
7, núm.
4, 2012, pp.
59-69 Universidad Alberto Hurtado Santiago, Chile Available in: http:--www.redalyc.org-articulo.oa?id=84725240012 How to cite Complete issue More information about this article Journals homepage in redalyc.org Scientific Information System Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Non-profit academic project, developed under the open access initiative Received March 22, 2012 - Accepted October 23, 2012 J.
Technol.
Manag.
Innov.
2012,Volume 7, Issue 4 Innovation with High Social Benefits and Corporate Financial Performance Robert C.
Padgett1, Rosamaria C.
Moura-Leite2 Abstract This article analyzes the effect that innovation with high social benefit has on financial performance, and to improve our understanding of this effect we extend our research by analyzing the effect of being an innovation leader has on financial performance.
We intend to give insight about which innovation strategy impacts with more intensity on financial performance.
To support this analysis we will make use of the resource-based view theory and the institutional theory. Our research used the panel data technique.
The final sample contains 2025 observations for 418 firms.
The results of this research demonstrate that there is a negative and significant effect between innovation with high social benefit and financial performance, highlighting the importance of the involvement of governmental and non-governmental institutions to create an incentive for firms to incur in innovative activities that produce social benefits. Keywords: corporate social responsibility; innovation with high social benefits; research and development; resource based...





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