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CORPORATE SOCIAL RESPONSIBILITY AND THE WILLINGNESS TO ECO-INNOVATE AMONG CHILEAN FIRMS

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dc.creatorLUIS EDUARDO VILLEGAS BECERRA
dc.creatorANDRÉS ALBERTO ACUÑA DUARTE
dc.date2023
dc.date.accessioned2025-01-10T15:41:16Z
dc.date.available2025-01-10T15:41:16Z
dc.date.issued2023
dc.formatapplication/pdf
dc.identifier.doihttps://doi.org/10.3390/su15129832
dc.identifier.issn2071-1050
dc.identifier.issn2071-1050
dc.identifier.urihttps://repositorio.ubiobio.cl/handle/123456789/13190
dc.languagespa
dc.publisherSustainability
dc.relation.urihttps://doi.org/10.3390/su15129832
dc.rightsPUBLICADA
dc.subjectpollution prevention
dc.subjectLatin America
dc.subjectenvironmental corporate culture
dc.subjecteco-innovation
dc.titleCORPORATE SOCIAL RESPONSIBILITY AND THE WILLINGNESS TO ECO-INNOVATE AMONG CHILEAN FIRMS
dc.title.alternativeADOPTING SOCIAL RESPONSIBILITY CAN BE A KEY STRATEGY FOR FIRMS TO MITIGATE THE IMPACT OF PRODUCTION ON THE ENVIRONMENT, CONTRIBUTING TO A MORE SUSTAINABLE BUSINESS MODEL. BASED ON THE TRIPLE BOTTOM LINE PERSPECTIVE, WE ANALYZE THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) ON THE WILLINGNESS TO ALLOCATE RESOURCES TO ECO-INNOVATION AMONG COMPANIES IN A DEVELOPING COUNTRY. FIRM-LEVEL DATA FROM THE FIFTH LONGITUDINAL SURVEY OF CHILEAN FIRMS ARE USED TO ESTIMATE A BINARY PROBIT MODEL FOR THE WILLINGNESS TO ECO-INNOVATE AND A HECKMAN SAMPLE-SELECTION MODEL FOR TOTAL EXPENDITURES AND INVESTMENT IN ECO-INNOVATION. RESULTS CONFIRM THAT LEGAL REGULATIONS AND R&D EFFORTS ARE DRIVERS OF ECO-INNOVATION AMONG CHILEAN FIRMS. LARGER-SIZED AND EXPORT-ORIENTED FIRMS ALSO EXHIBIT A HIGHER WILLINGNESS TO ECO-INNOVATE. THE MAIN FINDINGS SHOW A POSITIVE INFLUENCE OF CSR POLICY ON THE WILLINGNESS TO ECO-INNOVATE AND ON THE RESULTING RESOURCE ALLOCATION DECISION. INTERESTINGLY, THE EVIDENCE REVEALS THAT WHILE FINANCIAL AND ENVIRONMENTAL CSR DIMENSIONS ONLY AFFECT THE PROBABILITY OF ADOPTING ECO-INNOVATION, THE SOCIAL CSR DIMENSION ALSO INCREASES THE AMOUNT FIRMS SPEND ON ECO-INNOVATION. THIS RESULT SUGGESTS THAT SOCIAL CSR MAY ACT AS A COMPLEMENT TO OTHER CSR DIMENSIONS. THESE RESULTS ARE ROBUST WHEN CONTROLLING FOR FIRM-LEVEL SPECIFIC EFFECTS UNDER SAMPLE-SELECTION MODELS.
dc.typeARTÍCULO
dspace.entity.typePublication
oaire.fundingReferenceUBB- UNIVERSIDAD DEL BÍO-BÍO
ubb.EstadoPUBLICADA
ubb.Otra ReparticionDEPARTAMENTO DE ECONOMIA Y FINANZAS
ubb.SedeCONCEPCIÓN
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