Leveraging corporate sustainability through responsible innovation: Capacity building with exploration and exploitation

Abstract

The growing literature on corporate sustainability suggests its positive implications for organizations and stakeholders. Based on the social identity approach, the current study aims to investigate whether responsible innovation can leverage these sustainability advantages of companies to improve organizational commitment and competitiveness. Responsible innovation has been integrated into an original model as a construct that translates corporate sustainability into organizational outcomes to meet stakeholders' needs and to frame and solve the sustainability‐related tensions in an ethical way. The study also attempts to examine the mediating impacts of exploration and exploitation orientations on the proposed link between corporate sustainability and responsible innovation. The model was validated by using the partial least squares structural equation modelling method on a sample of 196 middle managers in small businesses in Turkey. The findings reveal that responsible innovation has a significant mediation effect on the proposed links, and both exploration and exploitation elicit the innovation capacity in sustainability practices. The study also supports the argument on the positive impact of exploitation on exploration.

Responsible Innovations as Tools for the Management of Financial Risks to Projects of High-Tech Companies for Their Sustainable Development

“…Therefore, this paper supports the ongoing scientific discussion by Beger et al (2023), Liu et al (2023), Luttikhuis and Wiebe (2023), Memon and Ooi (2023), X. , Wicher andFrankus (2023), andZhang et al (2023) on the topic of the sustainable development of companies. Unlike the existing literature, which is focused on the experience of companies that function in a market environment with low and moderate risk, this paper disclosed the poorly studied experience of high-tech companies that function in a high-risk market environment.…”

“…This paper continues the ongoing active discussion in the modern literature on the issues of the influence of responsible innovations on risks to companies (Beger et al 2023;Memon and Ooi 2023). This paper focuses on the "responsible" side of the discussion, motivating the connection between responsible investment and risk taking (Luttikhuis and Wiebe 2023).…”

“…While the practice of responsible innovations of modern companies based on investment and innovative projects was studied in detail in existing publications, their connection with financial risks to companies and, in particular, high-tech companies, was not studied sufficiently (Adomako and Nguyen 2023;Beger et al 2023;Wiarda and Doorn 2023). This is a literature gap and leads to the following research question: RQ: How do responsible innovations influence the financial risks of high-tech companies?…”