The Virtuous Circle of Intellectual Capital and Corporate Environmentalism: Evidence from the Food Industry

  • Eugenio D’Angelo Pegaso Online University, Italy
  • Francesco Gangi Unversità della Campania-Luigi Vanvitelli, Italy
  • Lucia Michela Daniele Unversità della Campania-Luigi Vanvitelli, Italy
  • Nicola Varrone Unversità della Campania-Luigi Vanvitelli, Italy
Keywords: Intellectual capital, Corporate environmental responsibility, Food industry

Abstract

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.

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Published
2021-01-31
How to Cite
D’Angelo, E., Gangi, F., Daniele, L. M., & Varrone, N. (2021). The Virtuous Circle of Intellectual Capital and Corporate Environmentalism: Evidence from the Food Industry. European Scientific Journal, ESJ, 17(1), 1. https://doi.org/10.19044/esj.2021.v17n1p1
Section
ESJ Social Sciences