TY - JOUR
T1 - Corporate venture capital and CSR performance
T2 - An extended resource based view's perspective
AU - Battisti, Enrico
AU - Nirino, Niccolò
AU - Leonidou, Erasmia
AU - Thrassou, Alkis
N1 - Publisher Copyright:
© 2021
PY - 2022/2
Y1 - 2022/2
N2 - The purpose of this paper is to extend the Resource Based View (RBV) theory of companies, integrating it into a multidisciplinary context of analysis. Authors tested an empirical model in which corporate venture capital (CVC) impacts on corporate social responsibility (CSR) performance with the aim of creating a sustainable competitive advantage. The authors performed a longitudinal analysis, based on the Generalized Least Square (GLS) model, on 100 American and European companies reported in the Fortune Global 500 ranking from 2015 to 2019. The findings reveal that CVC programs have a positive impact on firm's environmental and social outcomes. They also broaden the boundaries of RBV theory analysis and contribute to corporate venture capital and corporate social responsibility literature. Additionally, authors develop insights applicable to practitioners to successfully implement CVC practices and CSR strategies jointly.
AB - The purpose of this paper is to extend the Resource Based View (RBV) theory of companies, integrating it into a multidisciplinary context of analysis. Authors tested an empirical model in which corporate venture capital (CVC) impacts on corporate social responsibility (CSR) performance with the aim of creating a sustainable competitive advantage. The authors performed a longitudinal analysis, based on the Generalized Least Square (GLS) model, on 100 American and European companies reported in the Fortune Global 500 ranking from 2015 to 2019. The findings reveal that CVC programs have a positive impact on firm's environmental and social outcomes. They also broaden the boundaries of RBV theory analysis and contribute to corporate venture capital and corporate social responsibility literature. Additionally, authors develop insights applicable to practitioners to successfully implement CVC practices and CSR strategies jointly.
KW - Corporate social responsibility performance
KW - Corporate social responsibility strategy
KW - Corporate venture capital
KW - ESG practices
KW - Resource based view
UR - http://www.scopus.com/inward/record.url?scp=85118255850&partnerID=8YFLogxK
U2 - 10.1016/j.jbusres.2021.10.054
DO - 10.1016/j.jbusres.2021.10.054
M3 - Article
AN - SCOPUS:85118255850
SN - 0148-2963
VL - 139
SP - 1058
EP - 1066
JO - Journal of Business Research
JF - Journal of Business Research
ER -