Impact of corporate governance and financial performance on sustainable innovation beyond the COVID-19 pandemic

This study goes into the research of sustainable innovation and its relation to the corporate governance and firm performance of small and medium-sized enterprises (SMEs) by exploring the changes that business firms carried out to maintain effective resume operation in the context of the post-COVID-19 pandemics. We also show a link between sustainability and financial firm performance. Our results show that sustainable innovation had an indirect positive and significant effect on financial performance, regardless of the business size or sector. The research paper shows that with a practical sustainable innovation, one's firm performance can alter the operation of the companies and generate positive outcomes to boost the recovery of business firms after COVID-19.

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Publication Details

Journal
International Journal of Business Innovation and Research
Published
2025-01-01
DOI
https://doi.org/10.1504/ijbir.2025.146997
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
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article

Impact of corporate governance and financial performance on sustainable innovation beyond the COVID-19 pandemic

Hoang Bui, Zoltán Krajcsák
International Journal of Business Innovation and Research
Business and Economic Development
article

Impact of corporate governance and financial performance on sustainable innovation beyond the COVID-19 pandemic

Hoang Bui, Zoltán Krajcsák
article en

Abstract

This study goes into the research of sustainable innovation and its relation to the corporate governance and firm performance of small and medium-sized enterprises (SMEs) by exploring the changes that business firms carried out to maintain effective resume operation in the context of the post-COVID-19 pandemics. We also show a link between sustainability and financial firm performance. Our results show that sustainable innovation had an indirect positive and significant effect on financial performance, regardless of the business size or sector. The research paper shows that with a practical sustainable innovation, one's firm performance can alter the operation of the companies and generate positive outcomes to boost the recovery of business firms after COVID-19.

International Journal of Business Innovation and ResearchVol. 37(2)
Budapest University of Economics and Business (HU)
Industry, innovation and infrastructure
Openalex Percentile: Top 75%
Business and Economic Development
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