The growing attention to sustainability has generated increasing interest in its relevant determinants and a possible relationship with economic growth’s main drivers. Our paper contributes to this literature in three ways, by proposing the following empirical analysis of most innovative companies listed worldwide (909 firms over the 2013–2017 time-span): firstly, market-perceived innovation—proxied by the interaction between R&D intensity and the market-to-book ratio—has a positive impact on economic sustainability; secondly, when the three ESG pillars are considered, the social one turns out to have the highest effect on economic sustainability; thirdly, results are confirmed even when we control for context-specific conditions.

Di Simone, L., Petracci, B., Piva, M., Economic Sustainability, Innovation, and the ESG Factors: An Empirical Investigation, <<SUSTAINABILITY>>, 2022; 14 (4): 1-16. [doi:10.3390/su14042270] [http://hdl.handle.net/10807/204065]

Economic Sustainability, Innovation, and the ESG Factors: An Empirical Investigation

Di Simone, Luca
Membro del Collaboration Group
;
Piva, Mariacristina
Membro del Collaboration Group
2022

Abstract

The growing attention to sustainability has generated increasing interest in its relevant determinants and a possible relationship with economic growth’s main drivers. Our paper contributes to this literature in three ways, by proposing the following empirical analysis of most innovative companies listed worldwide (909 firms over the 2013–2017 time-span): firstly, market-perceived innovation—proxied by the interaction between R&D intensity and the market-to-book ratio—has a positive impact on economic sustainability; secondly, when the three ESG pillars are considered, the social one turns out to have the highest effect on economic sustainability; thirdly, results are confirmed even when we control for context-specific conditions.
2022
Inglese
Di Simone, L., Petracci, B., Piva, M., Economic Sustainability, Innovation, and the ESG Factors: An Empirical Investigation, <<SUSTAINABILITY>>, 2022; 14 (4): 1-16. [doi:10.3390/su14042270] [http://hdl.handle.net/10807/204065]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/204065
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