Economic Sustainability, Innovation, and the ESG Factors: An Empirical Investigation

Luca Di Simone*, Barbara Petracci, Mariacristina Piva

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolo in rivista


The growing attention to sustainability has generated increasing interest in its relevant determinants and a possible relationship with economic growth’s main drivers. Our paper contributes to this literature in three ways, by proposing the following empirical analysis of most innovative companies listed worldwide (909 firms over the 2013–2017 time-span): firstly, market-perceived innovation—proxied by the interaction between R&D intensity and the market-to-book ratio—has a positive impact on economic sustainability; secondly, when the three ESG pillars are considered, the social one turns out to have the highest effect on economic sustainability; thirdly, results are confirmed even when we control for context-specific conditions.
Lingua originaleEnglish
pagine (da-a)1-16
Numero di pagine16
Stato di pubblicazionePubblicato - 2022


  • D expenditures
  • ESG factors
  • Economic sustainability
  • Innovation
  • Listed companies
  • Panel analysis
  • R&amp


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