Download this Paper Open PDF in Browser

Innovation and CSR Impact on Financial Performance of Selected Companies in Mexico

Journal of Entrepreneurship, Management and Innovation (JEMI), Volume 8, Issue 3, pp. 5-20, 2012

16 Pages Posted: 20 Jan 2013  

Rocío Durán-Vázquez

University of the Americas, Puebla - Department of Finance and Accounting

Arturo Lorenzo-Valdés

Universidad de las Americas Puebla, Department of Finance and Accounting

G. Einar Moreno-Quezada

University of the Americas, Puebla - Department of Finance and Accounting

Date Written: 2012

Abstract

This study analyzes the behavior of the companies in the index of México’s Precios y Cotizaciones (IPC), with respect to measures of financial performance and its relationship with the two main approaches of innovation, according to the Bogota and Oslo manuals; assessing their impact on the stock price. The data is used on a quarterly basis from January 2000 to December 2011. It also makes reference to the impact of having the distinction “Socially Responsible Company” (Corporate Social Responsibility), in the Mexican stock market price reaction. Our main interest is to be pioneers in the search for relationships between topics that are currently treated as “alien” (CSR and Innovation) in formal academic publications, but we intuitively know that they are related inside organizations.

Keywords: value of relevance, innovation and financial, distinctive of corporate social responsibility

Suggested Citation

Durán-Vázquez, Rocío and Lorenzo-Valdés, Arturo and Moreno-Quezada, G. Einar, Innovation and CSR Impact on Financial Performance of Selected Companies in Mexico (2012). Journal of Entrepreneurship, Management and Innovation (JEMI), Volume 8, Issue 3, pp. 5-20, 2012. Available at SSRN: https://ssrn.com/abstract=2203423

Rocío Durán-Vázquez (Contact Author)

University of the Americas, Puebla - Department of Finance and Accounting ( email )

Sta. Catarina Mártir, Cholula
Puebla
Mexico

Arturo Lorenzo-Valdés

Universidad de las Americas Puebla, Department of Finance and Accounting ( email )

Sta. Catarina Mártir, Cholula
Puebla
Mexico

G. Einar Moreno-Quezada

University of the Americas, Puebla - Department of Finance and Accounting ( email )

Sta. Catarina Mártir, Cholula
Puebla
Mexico

Paper statistics

Downloads
304
Rank
85,447
Abstract Views
1,341