Sustainability Initiatives, Knowledge-Intensive Innovators, and Firms’ Performance: An Empirical Examination

نویسندگان

چکیده

This paper examines the role of sustainability as a major driver innovation, and assesses its affect on firms’ performance. study was based companies listed in Forbes list 100 most innovative BCG’s 50 companies. The sample firms had higher ESG component scores than matched control firms, with statistical significance. In terms distinctiveness governance, larger boards, independent board members, diversity, longer tenure. Innovative superior financial performance comparison firms. A logit regression model employed to predict whether that adopt initiatives tend also be Firms high intensity investment social governance tended innovative. greater focus related employee satisfaction, promotion healthy safe workplace, diversity. However, score lower human rights initiatives. provided practices for shareholders effective usage antitakeover defense mechanisms. Debt-intensive

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ژورنال

عنوان ژورنال: International Journal of Financial Studies

سال: 2023

ISSN: ['2227-7072']

DOI: https://doi.org/10.3390/ijfs11010014