Sustainable product innovation in agri-food industry: Do ownership structure and capital structure matter?

Sustainable product innovation is a key issue facing agri-food companies to maintain and increase their competitiveness. Based on a sample of 320 international agri-food companies for the period 2002-2017, this paper analyzes the role that ownership structure and capital structure play with regard t...

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Bibliographic Details
Published inJournal of innovation & knowledge Vol. 7; no. 1; pp. 1 - 10
Main Authors Aibar-Guzmán, Beatriz, García-Sánchez, Isabel-María, Aibar-Guzmán, Cristina, Hussain, Nazim
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier 2022
Elsevier España, S.L.U
Subjects
Agri-food sector
Corporate capital structure
G32
Innovation
M140
O130
Ownership structure
Q130
Sustainable products
Agri-food sector
Innovation
Corporate capital structure
M140
Ownership structure
G32
Q130
Sustainable products
O130
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Summary:Sustainable product innovation is a key issue facing agri-food companies to maintain and increase their competitiveness. Based on a sample of 320 international agri-food companies for the period 2002-2017, this paper analyzes the role that ownership structure and capital structure play with regard to sustainable product innovation as well as whether these financing decisions differ depending on the firm's ownership structure. The results indicate that family-owned firms show an aversion to this type of eco-innovation projects, regardless of their source of financing. On the contrary, ownership by cross-holdings favors investment in sustainable product innovation projects, showing a greater preference for the use of debt financing versus auto-financing to fund them.
ISSN:2444-569X
2444-569X
DOI:10.1016/j.jik.2021.100160