Open AccessThe Virtuous Circle of Intellectual Capital and Corporate Environmentalism: Evidence from the Food Industry
Author(s) -
Eugenio D’Angelo,
Francesco Gangi,
Lucia Michela Daniele,
Nicola Varrone
Publication year - 2021
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2021.v17n1p1
Subject(s) - virtuous circle and vicious circle , intellectual capital , environmentalism , intangible asset , asset (computer security) , sample (material) , reciprocal , capital (architecture) , business , economics , classical economics , accounting , political science , law , finance , history , archaeology , chromatography , politics , computer science , macroeconomics , linguistics , chemistry , philosophy , computer security
The purpose of this paper is to address the relationship between intellectual capital and corporate environmentalism, assuming that intellectual capital may be an important precondition to foster environmental commitment and that, on the other side, corporate environmentalism may positively determine the level of intellectual capital in a reciprocal and virtuous circle. To address this topic, we conducted two OLS regression analysis on a worldwide sample of 235 firms operating in the food industry, over an eight years’ time horizon (2010-2017), with 1,686 firm-year observations gathered from Asset-4ESG and Worldscope. Results confirm our hypotheses thus providing important theoretical and managerial implications.