The influence of innovation on Corporate Sustainability in the International Banking Industry
Abstract
We empirically explore the innovation and corporate sustainability link using a large sample of worldwide banks for the period 2003 2016. Our results suggest that service innovation performance enhances the banking industry s corporate sustainability. In addition, we contribute by proposing a conceptual framework for understanding the link between innovation performance and corporate sustainability in the banking industry. The framework consists of three underlying dimensions the antecedents of innovation performance, the specific innovation performance initiatives, and how these initiatives are converted into improved corporate sustainability. Our findings provide insights for academics and practitioners on the dynamics between service innovation performance and corporate sustainability in the banking sector. Further, due to the intermediation role of banks in the economy, their evolution towards sustainable banking constitutes a lever for sustainability across other industries and overall sustainable development We empirically explore the innovation and corporate sustainability link using a large sample of worldwide banks for the period 2003 2016. Our results suggest that service innovation performance enhances the banking industry s corporate sustainability. In addition, we contribute by proposing a conceptual framework for understanding the link between innovation performance and corporate sustainability in the banking industry. The framework consists of three underlying dimensions the antecedents of innovation performance, the specific innovation performance initiatives, and how these initiatives are converted into improved corporate sustainability. Our findings provide insights for academics and practitioners on the dynamics between service innovation performance and corporate sustainability in the banking sector. Further, due to the intermediation role of banks in the economy, their evolution towards sustainable banking constitutes a lever for sustainability across other industries and overall sustainable development
The influence of innovation on Corporate Sustainability in the International Banking Industry
Tipo de Actividad
Artículos en revistasISSN
1937-0695Palabras Clave
Innovación, sector servicios, bancos, responsabilidad social corporativa, innovación sostenible, desarrollo sostenible, fronteras estocásticas, finanzas sosteniblesInnovation; service industry; banks; corporate sustainability; sustainable innovation; sustainable development; stochastic frontiers; sustainable finance