Assessing the mediating effect of sustainable competitive advantage on the relationship between organisational innovativeness and firm performance

Çağlıyan, Vural; Attar, Melis; Abdul-Kareem, Aleem

doi:10.1108/cr-10-2020-0129

Cited by 11 publications

(8 citation statements)

References 57 publications

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“…The disclosure may affect the investment decision as well as the firm value (Çağlıyan et al , 2022: Beattie, 2014; Davis et al , 1993; Frankel et al , 2010; Rutherford, 2018). Also, Bonsall and Miller (2017) studied the effect of disclosure on credit ratings by the rating agencies and found a positive effect of VD on the financial analyst.…”

Section: Institutional Background Theories Literature Review and Hypo...mentioning

confidence: 99%

Voluntary disclosure and corporate governance: substitutes or complements for firm value?

Assidi

2023

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Purpose The purpose of this study is to examine whether voluntary disclosure (VD) and corporate governance (CG) are substitutes or complements to each other in improving firms’ value in a non-Anglo-Saxon setting, namely, France. Design/methodology/approach This study uses a sample of 990 listed firms in France from 2010 to 2020 to test the theoretical predictions. A random effect regression and two-stage least squares estimators are used to test the relationships. The results are largely robust across a number of econometric models that take into account diverse kinds of endogeneities. Findings This study reveals that VD and CG are positively associated with firm value. The finding also indicates that VD and CG work together as substitutes rather than as complements. Furthermore, the author’s evidence suggests that ownership structure and CEO characteristics are substitutive with VD in their effect on firm value. This evidence is consistent with the view that VD can add value to the firm but only under a number of conditions. Practical implications The results shed further light on how a firm could improve its value among stakeholders by designing VD and CG practices effectively. Specifically, as VD generally acts as a substitute to CG, to accomplish their optimal economic outcomes, firms need to be discerning in executing VD and governance practices. In addition, firms have strategic flexibility in constructing VD and governance practices contingent on their own settings. Policymakers, investors and managers could use these results to examine CG and VD practices in France following the implementation of new regulations. Originality/value This study extends and contributes to the mixed or equivocal evidence of the relationships between VD, CG mechanisms and firm value. It contributes to the extant literature by first providing additional evidence, which suggests value-increasing effects of better-governed and more transparent firms. Second, this study reconciles extant disparate results by suggesting that VD can substitute CG in improving firm value. These findings have profound implications for policymakers, investors and firm’s managers.

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Section: Institutional Background Theories Literature Review and Hypo...mentioning

confidence: 99%

Voluntary disclosure and corporate governance: substitutes or complements for firm value?

Assidi

2023

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“…Research related to sustainable competitive advantage (SCA) has previously been conducted in various scientific fields, such as research conducted by Adi et al, (2019); An & Oh, (2019); Ayeni et al, (2021); Çağlıyan et al, (2022);Camisón-Haba et al, (2022); Jarosiński et al, (2023); Lin et al, (2020);Özkan et al, (2021);Ramadan et al, (2020);Rizki et al, (2023); Wang et al, (2018); and Yang et al, (2018) who conducted research related to sustainable competitive advantage (SCA). The concept of Sustainable competitive advantage (SCA) is often associated with macro-scale companies or large companies (Xi et al, 2022), but there are few studies related to Sustainable competitive advantage (SCA) focused on micro-companies or in smaller-scale companies such as MSMEs Al-Shahwani, (2020); and Ma et al, (2019).…”

Section: Research Papermentioning

confidence: 99%

Sustainable Competitive Advantage: A Literature Review and Future Research

Liwafa,

Suyanto,

Choirunnisa

2023

bmss

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Sustainable competitive advantage (SCA) is very important for companies in analyzing the quality of human resources and the company's environment that continues to change. Besides that, SCA is also able to provide short-term revenue increases and product advantages to customers. This research aims to map the topic of SCA in various scientific fields by visualizing it into a landscape map to see its development and novelty using bibliographic data. Thus, the novelty of research related to strategic management from previous studies can be known with certainty. This research is quantitative research with a descriptive approach. Documentation and literature studies in this study were obtained through the Scopus database with the keyword "sustainable competitive advantage". Bibliometric techniques were used for analysis and processed using Vosviewer software. The results of this study indicate that from 2017-2023, there are 205 articles related to the keywords used, the results of the Vosviewer analysis show 168 keywords that are connected to the keywords used, keywords that are widely used related to the keywords in this study are SCA, Sustainability, Sustainable Development, Innovation, while keywords that are rarely used are SME, Supply Chain, Competitive Strategy, these rarely used keywords can be used as a choice of future research topics.

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“…The most controversial topic in prior literature is the relationship between CSRD and CEP. Furthermore, three main streams of thought explain this relationship (McGuire et al , 1988; Padilla-Lozano and Collazzo, 2021, Çağlıyan et al , 2021). The first stream proposes that socially responsible actions would result in additional costs that drain the firm resources and put the company in an economically unfavourable position (Mulyadi and Anwar, 2012; Nekhili et al , 2017; Liu and Zhang, 2017; Mattera et al , 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Do different dimensions of corporate social responsibility disclosure have different economic consequence: multi-approaches for profitability examination

Alshurafat

Ananzeh²,

Al-Hazaima³

et al. 2022

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Purpose This study examines the impact of Corporate Social Responsibility Disclosure (hereafter CSRD) on the Corporate Economic Performance (hereafter CEP) of a group of public shareholding companies in Jordan. Design/methodology/approach This study uses different proxies to examine the impact of CSRD on companies’ financial and economic value. The data were collected from a sample of 94 companies listed on the Amman Stock Exchange from 2010 to 2016. Based on a checklist of 41 indicators, this study employed the manual content analysis technique to collect and analyse CSRD data. A statistical analysis technique was also used to examine the hypothesized relationships between collected data on CSRD and profitability. Findings The findings indicate that CSRD is value-relevant. It is positively and statistically associated with firm value proxied by Tobin’s Q. In addition, it is positively and statistically associated with firm financial performance proxied by ROE and ROA. Research limitations/implications This study contributes to the research debate on the relationship between CSRD and CEP, particularly in developing nations. The study draws attention to the need for information on different dimensions of CSR, including human resource, environmental, product responsibility, and community participation, as disclosure on such dimensions is positively associated with profitability. Practical implications The findings provide important implications for Jordanian corporate managers to maintain CSRD in their best interest. With more emphasis on disclosing stand-alone CSR reports, corporate managers can present more information on different dimensions of CSR, attracting the attention of stakeholders such as investors, the government, media, and humanitarian activists and enhancing overall corporate goodwill. Originality/value CSRD activities reflect a positive impact on CEP. Due to the dearth of relevant research conducted in developing countries, this study provides empirical evidence on the positive relationship between CSRD and CEP in an emerging economy, with more emphasis on specific dimensions of CSR, including human resources, environmental, product responsibility, and community participation. Since multiple proxies exist to measure profitability, this study uses multi-approaches for profitability examination proxied by Tobin’s Q, ROE, and ROA. Moreover, the issue of CSR is original and interesting to be examined in the Jordanian context, where the listed firms have reported a homogeneous perception of CSR.

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Assessing the mediating effect of sustainable competitive advantage on the relationship between organisational innovativeness and firm performance

Cited by 11 publications

References 57 publications

Voluntary disclosure and corporate governance: substitutes or complements for firm value?

Voluntary disclosure and corporate governance: substitutes or complements for firm value?

Sustainable Competitive Advantage: A Literature Review and Future Research

Do different dimensions of corporate social responsibility disclosure have different economic consequence: multi-approaches for profitability examination

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