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Disruptive and incremental innovation as mediators in the CSR-financial performance link: evidence from Vietnam

Thi Thuc Anh Phan, Ngoc Lan Nguyen, Lourdes Casanova, Dai Van Nguyen, Hoang Minh Dao

Corporate Governance

ISSN: 1472-0701

Article publication date: 22 January 2025

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Abstract

Purpose

This study aims to examine how disruptive and incremental innovations mediate the link between corporate social responsibility (CSR) and financial performance from a dynamic capability perspective. Moreover, this study uncovers the moderating effect of business type on the CSR–innovation relationship.

Design/methodology/approach

The authors conduct a quantitative research design through surveying 536 managers of enterprises in Vietnam.

Findings

The findings show the crucial mediating effect of disruptive innovation on the CSR–financial performance link. The authors observe that the influence of CSR on incremental innovation is stronger for state-owned businesses.

Originality/value

These findings offer valuable insights for firms aiming to align their CSR strategies with financial objectives and enhance their dynamic capabilities to drive innovation in rapidly changing business environment.

Keywords

Acknowledgements

The authors would like to thank VinUniversity for sponsoring this research.

Citation

Phan, T.T.A., Nguyen, N.L., Casanova, L., Nguyen, D.V. and Dao, H.M. (2025), "Disruptive and incremental innovation as mediators in the CSR-financial performance link: evidence from Vietnam", Corporate Governance, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/CG-04-2024-0187

Publisher

:

Emerald Publishing Limited

Copyright © 2025, Emerald Publishing Limited

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