Publication: Relationship between Innovation and the Performance of Small and Medium-Sized Businesses in the Industrial Sector: The Mediating Role of CSR
Authors
Becerra Vicario, Rafael ; Ruiz Palomo, Daniel ; León Gómez, Ana ; Santos Jaén, José Manuel
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Publisher
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DOI
https://doi.org/10.3390/economies11030092
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info:eu-repo/semantics/article
Description
©<2023>. This manuscript version is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by/4.0/
This document is the Published, version of a Published Work that appeared in final form in [Economies]. To access the final edited and published work see[https://doi.org/10.3390/economies11030092]
Abstract
This paper analyses the effect of innovation on the performance of Small and Medium
Enterprises (SMEs) and how Corporate Social Responsibility (CSR) mediates this relationship. In
order to evaluate our assumptions, a partial least squares structural equation model (PLS-SEM) was
applied to a sample of 769 Spanish SMEs through a telephone survey conducted with company
managers. The findings show that innovation and CSR have an impact on performance. Additionally,
to these strong direct effects, CSR has a side effect that strengthens the beneficial effects of innovation
on performance. Finally, the results demonstrate significant implications for both SME managers
and owners, as they help them to develop innovation-related strategies, which will lead to higher
organizational performance.
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Citation
Economies,11, 92
https://www.mdpi.com/journal/economies
https://www.mdpi.com/journal/economies
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