Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)

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Innovation and Corporate Sustainability Performance: Empirical Evidence from Indonesia

Authors
Sandra Aulia1, *, Ahmad Hambali1
1Universitas Indonesia, Depok, Indonesia
*Corresponding author. Email: s.aulia@ui.ac.id
Corresponding Author
Sandra Aulia
Available Online 31 October 2023.
DOI
10.2991/978-2-38476-132-6_74How to use a DOI?
Keywords
Innovation; Green Innovation; Sustainability Performance
Abstract

During globalization and economic uncertainty, companies are required to continue to innovate to increase their competitive advantage. In addition, management should not ignore stakeholder encouragement for sustainable practices within the company. This study aims to provide empirical evidence about the relationship between innovation and the company’s sustainability performance. Using data provided by Thomson Reuters, we tested 423 observations from 2013 to 2022. We use the GLS fixed-effect regression method in testing the hypothesis. The results show that the company’s level of innovation has a positive effect on the company’s sustainability performance. These findings conclude that innovation is an important factor to improve a company’s sustainability performance. This research has academic and practical implications, where research connecting the two variables is still very rare. While the practical implication is that management can encourage companies to invest more in innovation activities to improve the company’s sustainability performance. Likewise, the government also needs to encourage corporate innovation by providing stimulus and relevant legal umbrellas.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
31 October 2023
ISBN
978-2-38476-132-6
ISSN
2352-5398
DOI
10.2991/978-2-38476-132-6_74How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sandra Aulia
AU  - Ahmad Hambali
PY  - 2023
DA  - 2023/10/31
TI  - Innovation and Corporate Sustainability Performance: Empirical Evidence from Indonesia
BT  - Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)
PB  - Atlantis Press
SP  - 878
EP  - 886
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-132-6_74
DO  - 10.2991/978-2-38476-132-6_74
ID  - Aulia2023
ER  -