Purpose The paper aims at summarizing the state of knowledge on the relationship between a company’s corporate social responsibility (CSR) and its innovation performance. Design/methodology/approach The research relied on a systematic literature review with the use of SALSA (Search, AppraisaL, Synthesis, Analysis) and backwards-snowballing methods. The search encompassed one electronic database – Scopus. Finally, the set of papers analyzed amounted to 24 publications. The relationship between innovation and CSR reported in these papers were synthesized in the form of a mapping review. Findings The results indicated the lack of scientific consensus on many aspects of the relationship studied. CSR was assumed to influence innovation performance, and inversely, innovations were presumed to have an impact on the company’s CSR. However, the relation’s determinants were strongly diversified in the set of articles studied. Research limitations/implications The present paper omitted articles published in languages other than English. Also, it limited the papers studied to those published between January 2000 and August 2014 in journals listed on the Journal Citation Report. The paper contributes to the research by highlighting the most important research gaps and implications for further research. Practical implications The present paper constitutes an up-to-date summary on the studied relationship, which is important for practitioners in the management process. Originality/value According to the authors’ knowledge, no systematic reviews dedicated to the relationship between a company’s CSR and its innovation performance were made before. Thus, it fulfils an important research gap.
Purpose: Eco-innovation appears to be at the very heart of the European Union policy. It is of crucial importance for both single companies and the whole economic systems. At the same time eco-innovation is driven by the countless factors. Thus the purpose of the present research was to indicate the determinants of the efficiency of eco-innovation. Design/methodology/approach: The research relied on the systematic literature studies performed with the use of SALSA (Search, AppraisaL, Synthesis, Analysis) method. It focused on the papers published between January 2000 and June 2016. A total of 469 publications were examined selected form Scopus database. The precise appraisal procedure allowed indicating the ones including the determinants of the efficiency of eco-innovation. Findings: The studies of literature allowed indicating a total of 24 determinants. Moreover the results indicate that the determinants of the efficiency of eco-innovation may be divided based on two criteria. The first includes costsrelated and revenues-related determinants. The second includes strategic and operational levels. Research limitations/implications Together eleven publications were omitted in the research due to their incompletion or inaccessibility. Practical implications: Stimulating eco-innovation seems vital for all companies. Delivering a comprehensive set of the determinants of its efficiency will support executives in managing eco-innovation. Originality/value: The paper attempts to fulfil the research gap concerning the determinants of the efficiency of ecoinnovation.
Purpose Open innovation is of crucial importance for all companies operating in the economics of widely distributed knowledge. However, the effects of its disclosure remain largely uncharted in the case of service companies. Therefore, the purpose of this paper is to measure the impact of open innovation announcements on the market value (MV) of service enterprises. Design/methodology/approach The research covered 398 open innovation announcements released by service companies. It was conducted in the whole of the European Union in the period February 2011-December 2016. The data were analysed in the short and long term with the use of event-study and buy-and-hold methods. Findings The results indicated the significant positive effect of open innovation disclosure in both short and long term. At the same time, the market was not able to immediately fully value the information in the short run and tended to overestimate the positive effect of the innovation announced. No significant leakage and dissemination effects were observed prior to the announcement. There was no significant difference in the magnitude of positive and negative reactions to the releases. Practical implications From the point of view of business practice the research proved the benefits of information disclosure and supported the long-term planning. From the investors’ viewpoint, it signalled the small risk of significant fluctuations resulting from aggressive trading prior to the announcement and unwinding part of the acquired position afterwards. Originality/value The paper attempts to fulfil the research gap on the impact of the announcements on open innovation on the MV of companies.
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