The dependent and independent variables description.
\r\n\tEqually important are the consequences deriving from the extraordinary nature of the present times. The COVID-19 pandemic and the restrictive measures to contain the infection (lockdown and "physical distancing" in primis) have revolutionized the lives, and a distortion/modification of habits, rhythms, arrangements will continue to be necessary.
\r\n\tGovernments have implemented a series of actions to mitigate the spread of infections and alleviate the consequent pressure on the hospital system. On the other hand, the Covid-19 pandemic has caused a series of other cascading effects that will probably be much more difficult to mitigate and which expose to complex consequences. The past two years have brought many challenges, particularly for healthcare professionals, students, family members of COVID-19 patients, people with mental disorders, the frail, the elderly, and more generally those in disadvantaged socio-economic conditions, and workers whose livelihoods have been threatened. Indeed, the substantial economic impact of the pandemic may hinder progress towards economic growth as well as progress towards social inclusion and mental well-being.
\r\n\t
\r\n\tAlthough in all countries the knowledge on the impact of the pandemic on mental health is still limited and mostly derived from experiences only partially comparable to the current epidemic, such as those referring to the SARS or Ebola epidemics, it is likely that the demand for intervention it will increase significantly in the coming months and years. The extraordinary growth of scientific research in the field of neuroscience now offers the possibility of a new perspective on the relationship between mind and brain and generates new scenarios in understanding the long wave of the pandemic and in the prospects for treatment. Moreover, the pandemic also has led to opportunities to implement remote monitoring and management interventions.
\r\n\t
\r\n\tOverall this volume will address the complex relationship existing between COVID-19, mental health, acquired knowledge, and possible interventions taking a highly multidisciplinary approach; from physiological and psychobiological mechanisms, and neuromodulation through medical treatment, psychosocial interventions, and self-management.
APS characterized by thrombosis of the arteries, veins and microvessels and/or with pregnancy morbidity, with persistently elevated antiphospholipid antibody (aPLs) titers. The syndrome was first described in 1983 by Professor G. Hughes, at Hammersmith Hospital (Hughes Syndrome) [1, 2]. APS is a prothrombotic condition (with related complications such as deep vein thrombosis, pulmonary embolism, etc.), belonging to autoimmune diseases of unknown cause, and is strongly associated with pregnancy [1, 2, 3]. Generally, autoimmune diseases namely Sjorgen’s syndrome, Spondylanthritis, rheumatoid arthtritis RA have an incidence of 5–8% in the general population organoid or systemic, and represent the 2nd cause of hospitalization in Internal Medicine Departments and the 3rd cause of morbidity/mortality [1, 2, 3, 4]. APS occurs as primary in the absence of findings of other autoimmune diseases or as secondary in 36% of cases in the context of another autoimmune disease (SEL, Sjogren’s disease, inflammatory bowel disease, etc.), while it is present in about 5% of patients with subclinical SEL or coexists with another underlying systemic autoimmune disease in 6% of cases [5, 6].
The incidence of the syndrome is increased with age. During pregnancy, aPLs detection ranges from 0 to 11%, with an average incidence of about 2%. On the contrary, the syndrome is detected in up to 37% of the patients with systemic erythematosus lupus (SEL). In the nonpregnancy setting, venous thromboses are more common than arterial ones and can be diagnosed by imaging techniques and/or histologic evidence [5, 6, 7].
According to literature APS is the cause for 1 out of 5 Deep Vein Thrombosis (‘DVTs’), 1 out of 5 cases of SLE (arterial stroke) in young patients (age <45 years) and 1 out of 5 miscarriages. Especially for Obstetrics Hughes Syndrome is currently recognized as the leading cause for the miscarriages [5, 6, 7]. In addition, APS is diagnosed as the underlying diagnosis in a still unknown percentage of cases previously misdiagnosed as migraine, Alzheimer’s disease, and Multiple MS. It is estimated that the true incidence of the syndrome can be up to 1–2% or more in the general population [5, 6, 7]. Correlations-Percentages The mean age of APS onset is >30 years, with a female to male ratio of 5:1 and relapses usually take place at the same or similar area of the body. There is no apparent racial preference, but an increased incidence of SEL is reported in African Americans and Spaniards. Patients with SEL have positive aPLs in a percentage of 15–35%, but only about 50% of these patients will develop APS symptoms [5, 6, 7].
Special categories of APS are described usually correlated to the target-organ or the severity of the manifestations. The following are included: Generalized APS, Arterial APS, APS and heart, APS and kidneys, Cerebral APS, Pediatric APS, Neonatal APS, Catastrophic CAPS and Obstetric APS [5, 6, 7].
The 0.8% of the cases is characterized as Catastrophic Antiphospholipid Syndrome (CAPS). It is a very rare and severe form of APS. There are diffuse clots in the small vessels throughout the body. Sometimes it can appear as the first manifestation of APS and even without clinical or serological confirmation of SEL. Early diagnosis is necessary and immediate start of an aggressive treatment is inevitable [5, 7, 8, 9]. CAPS is caused when at least 3 different systems are affected at intervals of days or weeks, with multiple thrombosis in large and small vessels. The organs that are usually affected are: a) kidneys, b) lungs, c) heart, d) small-large vessels with consequences as peripheral limb ischemia, stroke, myocardial infarction, thrombosis of blood vessels of abdominal organs with a mortality rate of 50% [5, 7, 8, 9]. The observed thrombocytopenia is usually mild between 100-150x109/L but severe thrombocytopenia can be also observed. The prevalence of the syndrome in the general population ranges between 2% and 4% meaning 40–50 patients in 100,000 based on the criteria (mean age of diagnosis 34 years) and 7: 1 in the SEL/APS combination [5, 7, 8, 9].
Anticoagulant therapy + corticosteroids.
Anticoagulant therapy + corticosteroids + plasmapheresis.
Anticoagulant therapy + corticosteroids + IV γ-globin.
Anticoagulant therapy + corticosteroids + plasmapheresis + IV γ-globulin.
Diffuse intravascular coagulation is not usually seen in primary or secondary APS but it occurs in about 25% of patients with catastrophic APS. It is estimated that more than 53% of cases are related to the primary syndrome. It is estimated that approximately 10% of patients with primary APS will be diagnosed with another autoimmune, disorder, such as SEL, at some point in their lives which is estimated to coexist in up to 37% of patients with APS. Patients with primary APS and a female/male ratio incidence of 3.5: 1 should not be classified as SEL patients, as they are two different disease entities [5, 7, 8, 9]. Also, aPLs found in a variety of rheumatic and autoimmune diseases should not be confused with APS. The latter includes autoimmune hemolytic anemia, idiopathic thrombocytopenic purpura, rheumatoid arthritis and cutaneous manifestations such as edema. Also, the same antiphospholipid antibodies are detected either temporarily or permanently after various infections, such as hepatitis A, hepatitis B, acquired immune deficiency (AIDS), mumps, toxoplasmosis, erythema etc. The use of certain medicines, such as hydralazine, procainamide, and amoxicillin, phenothiazines may cause a serious differential diagnosis with APS, which requires immediate diagnostic and therapeutic treatment to reduce the increased maternal risk, and in particular perinatal morbidity and mortality due to placental infarction [5, 7, 8, 9].
Dysfunction of the vascular epithelium as well as oxidative damage and modifications of phospholipid-bound proteins that interfere with the regulation of coagulation are possible. It occurs when the immune system mistakenly attacks some of the normal proteins in the blood. The mechanism by which aPLs causes thrombosis is not fully understood. APLs consist of a heterogeneous group of autoantibodies that react primarily with plasma proteins associated with negatively charged phospholipids (epitope formation). Moreover, also react directly with both phospholipid-binding proteins and phospholipids [10, 11, 12].
However, aPLs have been shown to target not only cell membrane phospholipids, but also plasma proteins. Initially aPLs are directed directly against negative cell membrane phospholipids and autoantibodies are directed against plasma proteins with high affinity for these anionic phospholipids [10, 11, 12, 13, 14]. Phospholipids are like building blocks of cell membranes and the appearance of aPLs is due to the “projection” of their anions to the extracellular space [10, 11, 12, 13, 14]. This phenomenon is usually happening due to various causes, such as trauma, ischemia, inflammation, infections, or drug interactions. They were first observed in 1906 in 1–5% of the normal population.
The prevailing theory is that APS initially causes a disorder in cell apoptosis procedure resulting in the exposure of cell membrane phospholipids and their subsequent binding to various plasma proteins, such as β2-glycoprotein I. This binding leads, through activation, to generation of intracellular mediators (such as nuclear factor kappa B and mammalian target of rapamycin), and the formation of a phospholipid-protein complex resulting in the discovery of a new epitope, which then becomes target of autoantibodies [10, 11, 12, 13, 14].
Recent studies suggest that oxidized β2-glycoprotein I is capable of binding to and subsequently activating dendritic cells in a similar pathway to the one induced by activation via the Toll-like receptor 4 (TLR-4), resulting in its induction and the production of autoantibodies.
A total of 4 types of aPLs have been isolated [14, 15, 16, 17, 18].
Antibodies that give a false positive serological test for syphilis.
Lupus anticoagulants, which are antibodies to plasma proteins that bind to anionic phospholipids and cause prolonged results in laboratory methods of coagulation control, such as activated partial thromboplastin time (aPTT), kaolin clotting time (Kaoline Clotting)-KCT) and dilute Russell Viper Venom Time (dRVVT). These proteins are prothrombin or annexin V [14, 15, 16, 17, 18].
Antibodies to cardiolipin and phosphatidylserine. These antibodies may be IgA, IgG or IgM and may cross-react with lupus anticoagulants.
Antibodies to β2-glycoprotein-I, which are detected in a significant percentage of patients with primary or secondary antiphospholipid syndrome, while in 11% of patients it is the only laboratory finding [14, 15, 16, 17, 18]. This association results in either the discovery of “hidden” antigenic epitopes or the creation of new or simply increasing the concentration of weak antigenic sites in such quantities as to elicit an immune response.
Types of anti-b2 GPI antibodies [14, 15, 16, 17, 18]. There are several types of anti-β2 glycoprotein I antibodies, but not all of them are harmful. Those that target specific β-2 glycoprotein epitopes, such as the epitope in the N-terminal I domain of the molecule, are associated with the onset of clinical manifestations of the syndrome [14, 15, 16, 17, 18].
Patients with triple positivity in aPLs: have higher anti-β2GPI – domain I antibody titles, compared to patients with single or double positivity. Almost all anti-β2GPI – domain I IgG antibodies tested positive after 12 weeks, in contrast to innocent transient aPLs, which appear to be immune to infections. Although anti-β2GPI-Domain 1 (β2GPI-D1) IgG antibodies have been associated with thrombosis and pregnancy morbidity in APS patients, these antibodies are found in only one third of the patients [14, 15, 16, 17, 18].
Annexin A2 and Toll-like receptor (TLR) 4 are receptors for the entire β2GPI molecule. However, the absence of both of these receptors does not lead to the complete inhibition of the binding of the anti-β2GPI antibody, a finding that supports the view that there are additional surface adhesion molecules that play a role. TLR1, TLR2 and TLR6 are potential cell receptors [14, 15, 16, 17, 18].
Β2GPI binds to LPS via domain V. Presence of a large amount of LPS probably increases the vascular distribution of APLs, by increasing the expression of TLR2 and especially TLR4. Because the main source of LPS in healthy people is the gut, it is possible that the presence of gut microbes in the gut increases them. Administration of intestinal flora-specific antimicrobial therapy to experimental animals showed a reduction in the thrombotic manifestations of APS [14, 15, 16, 17, 18].
Immediate evidence: In experimental models with C6-deficient rats and C5-depleted mice, it was shown that the addition of monoclonal anti-domain I MBB2 did not induce thrombosis or miscarriage. C4d and C3b sections have also been found in deposits on the placenta of women with APS [14, 15, 16, 17, 18].
Indirect evidence: In-vivo studies of the efficacy of drugs with C5 action. The non-complement-fixing anti-domain I monoclonal MBB2 [DELTA] Ch2 and the complement inhibitor C5-inhibitor rEV576 prevented the thrombotic complications of APS in vivo in experimental animals.
APLs activate endothelial cells resulting in the expression of adhesion molecules (such as intercellular cell adhesion molecule-1 ICAM-1, vascular cell adhesion molecule-1 VCAM-1, E-selectin), and ultimately the overproduction of tissue factor TF.
APLs activate monocytes and cause increased tissue factor expression.
APLs activate platelets resulting in increased glycoprotein 2b-3a expression and thromboxane A2 synthesis. It has also recently been shown that aPLs induce the release of NETs from endothelial cells and these in turn further activate platelets. Their presence is enhanced by other conditions such as neoplasms, myelodysplastic syndromes, paraproteinemias, etc. [14, 15, 16, 17, 18].
These proteins (aPLs) normally bind to the phospholipid components of membranes and protect against activation of coagulation mechanisms. Autoantibodies displace these “protective” proteins and promote the formation of clots in the cells of the vascular endothelium resulting in arterial and venous thrombosis. In particular, aPLs antibodies include antibodies to Lupus Anticoagulant (LA), antibodies to cardiolipin (aCL), antibodies to β2GPI (αβ2GPI) and antibodies to other phospholipid-binding proteins and other phospholipids. LA, aCL and αβ2GPI antibodies are important in the diagnosis of antiphospholipid syndrome [12, 13, 14, 15, 16, 17, 18].
They occur in people with a genetic predisposition after accidental exposure to infectious agents or in a rheumatic disease environment such as SEL. It is the “second hit” theory required for the full development of the syndrome. Of course, not all people with antiphospholipid antibodies have thrombosis or obstetric complications.
Τhe “two-hit theory” has been proposed, i.e. that in the manifestation of the disease only the presence of antiphospholipid antibodies is not sufficient but a second thrombotic risk factor must coexist (e.g. age, hypertension, infection, inflammation, diabetes mellitus, obesity, smoking, pregnancy and obstetrics, surgery, etc.) [14, 15, 16, 17, 18].
Regarding the pathophysiology of obstetric complications, trophoblast and perishable blood vessel thrombosis is at the heart of this process. Various mechanisms have been proposed that lead to this result:
aPLs bind to Αnnexin V molecules and reduce the active levels of the protein in the blood. Annexin V is a protein that covers the negatively charged phospholipids of the cell membrane when exposed to the extracellular space, thus making it impossible to activate the thrombosis mechanism, which would occur under other conditions. The reduction of the levels of this protein activates the thrombosis of the small vessels of the trophoblastic villi and consequently the abnormal penetration of the trophoblast into the myometrium.
aPLs may reduce the levels of endogenous anticoagulant proteins C and S.
aPLs can bind to and activate endothelial cells. This results in the production of cellular inflammatory agents (VCAM-1, ICAMP1, E-selectin), which eventually attract monocytes to the area, which contribute to the production of clots and the apoptosis of endothelial cells.
Binding of aPLs to the cell membrane β2-glycoprotein-1 complex and phospholipids reduces the efficacy of this complex, as an anticoagulant.
Binding of aPLs to platelet cell membrane components, such as phosphatidylserine, results in their injury, which promotes their adhesion and activation of the prothrombotic chain. Finally, the activation of the complement seems to play an important role in the pathophysiological chain of events, which may be necessary in those processes that lead to fetal death or intrauterine growth retardation [14, 15, 16, 17, 18].
“APL profile” includes: the type of autoantibodies and the presence of 2–3 types of autoantibodies. The title of aPLs is mid-high instead of low and their persistent positivity is certified by multiple tests. APS is characterized by the following lab test results [19, 20, 21, 22].
Persistent presence of antiphospholipid antibodies (at least 2 positive results during a period of >12 weeks) including lupus anticoagulant, anticardiolipin antibodies and b2-glycoprotein 1α antibodies [19, 20, 21, 22].
Risk factors: pregnancy, labour, contraceptives, malignancy, infection (E-coli, Shigella, Salmonella, Streptococcus, Staphylococcus etc), injury, surgical procedures, operations, fractures, drugs, no compliance to the anticoagulant therapy and many other factors [19, 20, 21, 22].
Usually there is severe thrombocytopenia, positive direct Coombs, microangiopathic hemolytic anemia, DIC findings in some patients and the presence of a heterogeneous group of antiphospholipid antibodies.
Laboratory confirmation is done with clotting assays for the detection of lupus anticoagulant and with solid phase assays-Elisa for the detection of anti-cardiolipin and anti-β2 glycoprotein antibodies [19, 20, 21, 22, 23, 24].
The positive ACA IgG, Wolf Anticoagulant, ANA, ds-DNA, ENA (Ro, La) etc. are a heterogeneous group of IgG/IgM antibodies directed against plasma proteins involved in coagulation cataract activation. They are attached to PLs of the outer membrane of cells. While these antibodies cause thrombosis in vivo, in vitro prolong phospholipid-dependent coagulation tests. Detection of lupus anticoagulant (coagulation tests – 3-step procedure) prolongs the phospholipid-dependent coagulation time. Lupus anticoagulant is considered positive when it is detected in at least one of the two methods with the following diagnostic criteria – steps:
Screening procedure when prolongation is observed in at least one of the phospholipid-dependent coagulation methods
Activated partial thromboplastin time (aPTT),
Russel snake venom dilution time (dRVVT)
Mixing patient plasma 50:50 with normal plasma fails to correct prolonged screening test time
Confirmation of the presence of coagulation inhibitor and not the absence of coagulation factor mixing test: Proof that the prolongation is due to the presence of coagulation inhibitor.
The addition of extra phospholipids corrects the prolonged clotting time. Confirmation test: Evidence that this inhibitor is directed against phospholipids [19, 20, 21, 22, 23, 24].
Presence of antibodies against cardiolipin (aCL) – IgG moderately to strongly positive (>15–20GPL) – IgM(> 15 – 20MPL) moderate to strongly positive, but with the simultaneous presence of LA [19, 20, 21, 22, 23, 24].
They are directed against epitopes resulting from modulatory changes in the β2GPI (domains-V) molecule after binding to cardiolipin. They are directed directly against cardiolipin (CL). They are associated with infections, syphilis, in healthy individuals and are not related to APS [19, 20, 21, 22, 23, 24].
Antibodies against β2GPI (anti-β2GPI), β2-glycoproteinI (β2 GPI) natural anticoagulant plasma protein associated with negatively charged molecules: phospholipids, heparin, lipoproteins (oxLDL), activated PLTs/Ecs, apoptotic cell membranes.
They turn directly against β2-GPI and are a heterogeneous population that recognizes epitopes in different regions (I-V) of the protein.
Antigen: purified human β2GPI with tight adhesion to plates for low avidity binding of antibodies and detection of domain I in situ.
Anti-LA/β2GPIs are positively associated with a particularly increased risk of thromboembolic complications and detection with new methods offers new opportunities for risk assessment [19, 20, 21, 22].
ELISA: αCL/β2GPI detects various antibody specificity es with relatively low clinical utility – their exclusion from the criteria has been widely discussed, they are still a diagnostic criterion but current screening guidelines should be followed faithfully [19, 20, 21, 22].
aβ2GPI antibodies: correlate very well with the clinical manifestations of APS – They are positive in patients with thrombosis who have negative LA and aCLs.
If aPL title > 40 GPL or IU at least 2 times in 12 week interval then APS is diagnosed. The most important are Abs against β2GPI and against prothrombin which show LA activity. Lupus anticoagulant is part of the APS antibody spectrum, reacting in the liquid phase. In contrast, other aPLs such as anti-CL and anti-β2-glycoprotein (β2-GPI-1) antibodies are detected by solid-phase immunoassay. For the APS diagnosis it is necessary to use both solid phase methods and coagulation tests for LA [19, 20, 21, 22, 23, 24].
Prothrombin antibodies: They have good association with LA, use in seronegative APS.
Antibodies to Annexin V, II Associated with thrombosis in APS.
Proteins against protein C and S: Lower sensitivity and specificity than aCLs/IgG.
Antibodies against vimentin (anti-Vim/CL: Positive (55%) in seronegative SN-APS, their use needs documentation.
The diagnosis of the syndrome should be avoided when a period of <12 weeks or > 5 years separates the clinical from the laboratory characteristics (regardless of the most presented first) [24, 25, 26].
IgA anticardiolipin antibodies
anti-β2 glycoprotein I IgA antibodies
antiphosphatidylserine antibodies
anti-phosphatidylethanolamine antibodies
anti-prothrombin antibodies
antibodies against the phosphatidylserine-prothrombin complex
APLs are a very heterogeneous family of antibodies and more than 30 different antibodies have been reported in patients with APS called ‘antibody burst’. Their positivity does not offer much in the absence of clinical findings although confirmation is necessary for the duration of the symptoms. Ultimately the history and clinical picture determine the treatment [24, 25, 26, 27, 28].
Presence of positive lupus anticoagulant (LA) in plasma, in at least two tests with an interval of at least 12 weeks between them offers reliable criteria for diagnosis.
Moderate presence of high title of anticardiolipin antibodies (aCL) IgG or IgM in serum or plasma (eg> 40 IgG phospholipid units-GPL/mL or IgM phospholipid units-MPL/mL or> 99th percentile) in at least two intervals between them for at least 12 weeks.
Moderate presence of high titer anti-beta-2 glycoprotein I IgG or IgM antibodies in plasma or serum (> 99th percentile) in at least two tests with an interval of at least 12 weeks [19, 20, 21, 22, 23, 24, 25, 26].
Extension Activated partial thromboplastin time (aPTT)
Falsely positive test for syphilis
Low levels of total protein S
Hemolytic anemia. It occurs quite frequently and is particularly associated with the presence of anticardiolipin IgM antibodies
Thrombopenia. It is quite common in patients with APS (22% at diagnosis, 30% overall) and is associated with paradoxical thrombosis even with low platelet counts. It is of course possible that when their number is <50,000/μL there is a coexistence risk of bleeding, making the treatment of these patients particularly difficult and urgent.
Positive antinuclear antibodies are often found at low titers, without necessarily being associated with the presence of SLE [19, 20, 21, 22, 23, 24, 25, 26].
Coagulation methods for detecting anticoagulant lupus are affected by oral anticoagulant therapy (coumarin, newer anticoagulants), but also by therapeutic doses of standard heparin. For this reason, testing should be done before starting or after cessation of these drugs. In contrast, administration of low molecular weight heparin in prophylactic doses of aspirin or clopidogrel does not appear to significantly affect the detection of anticoagulant lupus.
APS is diagnosed in up to 40% of women with a history of miscarriage, intrauterine fetal death (> 18th week of gestation) or placental vascular disease, ie preeclampsia, intrauterine fetal growth retardation, placental abruption. However, in a percentage of 50–60% the causes remain unclear [26, 27, 28, 29, 30, 31, 32, 33, 34].
recurrent vascular thrombosis (venous and/or arterial, and/or capillary), and/or with
obstetric vascular complications:
abortions <10th week of pregnancy
delayed miscarriages
endometrial death
preeclampsia and/or eclampsia, or HELLP syndrome
intrauterine growth restriction (IUGR) [26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38]
The findings of some studies raise the suspicion of a subtype triggered by gestational APS, with a transient increase in antiphospholipid antibodies only during pregnancy.
The morbidity of pregnancy is certified by the following parameters:
≥1 unexplained fetal death > 10th week (morphologically healthy fetus)
≥1 preterm birth <34th week (preeclampsia or severe placental insufficiency)
≥3 consecutive miscarriages <10th week after exclusion of other pathologies such as anatomical, hormonal, chromosomal abnormalities, history of thromboembolic episodes
at least 1 unexplained fetal death in the 2nd or 3rd quarter (> 10 W)
at least 1 birth at gestational age <34 W, due to preeclampsia or placental insufficiency
According to the International Consensus Criteria of 2006, any of these antibodies, if tested positive in at least two laboratory tests at least 12 weeks apart, in combination with a clinical thrombosis or obstetric complication, leads to the diagnosis of APS.
There must be at least one laboratory and one clinical criterion for the diagnosis of primary APS. Antiphospholipid antibodies are detected by the enzyme-linked immunosorbent assay (ELISA) in which the phospholipid cardiolipin is used as the antigen. It is actually a complex of cardiolipin with a serum protein called β2-glycoprotein I (β2-GPI). The above protein plays an inhibitory role in blood clotting, and when the complex binds to antiphospholipid antibodies, its effectiveness as an anticoagulant decreases [26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42].
Laboratory findings usually show high titers of IgG or IgM antibodies against cardiolipin or lupus anticoagulant, which must be detected in the same patient in two different samples taken at least 6 weeks apart. The above mechanism is due to the frequent recurrent thrombi that affect both the large and small vessels of the arterial or venous limb. In addition, mild cytopenia occurs quite often, which usually subsides with the end of pregnancy.
Arterial or venous thrombosis.
Presence of anticardiolipin antibodies, IgG, IgM, Anti-beta2-GPI and Lupus anticoagulant [26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42].
Adverse outcomes of pregnancy.
APS can be diagnosed, if one or more of the clinical criteria and one or more of the laboratory criteria are met.
Although a causal association between obstetric complications and antibody detection is difficult to identified, however the lupus anticoagulant is the major predictor of labor adverse events including both mother and fetus. Although spontaneous abortions before the 10th week are relatively common in the general population, it seems that this risk is higher in patients with the syndrome. Fetal demise due to insufficient blood flow is most probably caused by placental insufficiency triggered by placental infarctions [26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42].
This placental insufficiency is likely to be associated with delayed intrauterine fetal development, severe preeclampsia, premature rupture of the membranes, premature placental abruption, and preterm fetal death (preterm and preterm death) in the 20th week of pregnancy, which usually has the worst outcome, as well as the increased risk of premature ejaculation [26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42].
Regarding the relationship of aPLs with preeclampsia, their detection seems valuable only in cases of severe preeclampsia before the 34th week of pregnancy. For cases of severe intrauterine fetal growth retardation, there are studies that report its relationship to the presence of antibodies, while other studies do not seem to reach this conclusion.
The risk of miscarriage in women with antiphospholipid antibodies is higher from the 10th week of pregnancy onwards. But also in women with a history of six miscarriages before the 10th week of pregnancy, antiphospholipid antibodies are detected in rates of 10 to 20% without the presence of other clinical manifestations [42, 43, 44].
Pregnancy complications in women with APS are due to decreased placental perfusion based on local thrombosis, which is probably caused by the interaction of aPL with annexin V of the trophoblast resulting in inhibition of its anticoagulant activity. Other manifestations of aPL include thrombocytopenia (40–50%), hemolytic anemia (14–23%), renal disease that has only recently been recognized as a consequence of APS, and Liveto redicularis [42, 43, 44, 45, 46, 47, 48]. Female patients with APS and kidney disease from antiphospholipid antibodies typically have high blood pressure, which is an additional serious risk to their pregnancy and can lead to the complications mentioned above [42, 43, 44, 45, 46, 47, 48].
Spontaneous venous thrombosis at age <45 years (deep vein thrombosis, pulmonary embolism)
Arterial thrombosis in a person <45 years of age (myocardial infarction), without risk factors
Recurrent pregnancy loss
Thrombosis and vascular diseases associated with SLE
Recurrent thrombocytopenia of unknown etiology
Neurological manifestations
Acquired heart valve disease
Liveto redicularis
Patients with a false positive RPR test
Prolongation of any coagulation test [42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54].
Finally, for the presence of antiphospholipid syndrome, women of reproductive age who have any of the following characteristics should be screened (other than those mentioned above): False positive test for syphilis, stroke and venous thrombosis without other predisposing prolongation of aPTT, SLE and autoimmune hemolytic anemia [48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58].
Of course, from the medical history of the pregnant woman should always be sought the episodes of venous thrombosis that are usually observed in the veins of the lower extremities, which are not necessarily accompanied by episodes of pulmonary embolism, but also in rarer localizations, such as the sphenoid sinuses of the skull and the small visceral vessels. Autoantibodies and microthrombotic mechanisms could affect the normal implantation, the trophoblasts’ expansion and the development of effective fetoplacental circulation leading to abortions of the first trimester [48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58].
At older gestational ages endometrial death is attributed to massive placental thrombosis while the mechanisms associated with other complications (preeclampsia) are unknown. In terms of laboratory findings, moderate to high IgG or IgM antibodies to cardiolipin (20–50 GPL, 20–80 MPL respectively) or lupus anticoagulant should be detected [48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58].
Patients who present with clinical manifestations of APS could be permanently negative for the three main autoantibodies. Women with positive aPLs are more likely to have thromboembolic events, miscarriage or fetal death, intrauterine growth retardation, severe preeclampsia, and placental abruption. However, the presence of these antibodies cannot exclude the possibility of a successful pregnancy and/or estimate the risk of potential complications. The existence of a burdensome obstetric or pathological history seems to play a more important role, since the reporting of thrombotic episodes, SLE or fetal death is associated with a 40% chance of premature birth and a greater than 30% chance of intrauterine growth retardation. From the beginning of pregnancy until the 20th week, visits should be made every 15 days and then every week until delivery [52, 53, 54, 55, 56, 57, 58, 59, 60].
Ultrasound examination of fetal development, but also the evaluation of the amount of amniotic fluid, should begin in the 16th week and be repeated every month unless there is a pathological finding. There is evidence that bilateral presence of notches in the uterine arteries, on Doppler screening at 24 weeks, can detect with satisfactory sensitivity those patients who develop preeclampsia and IUGR if they have a positive lupus anticoagulant. The umbilical artery test with Doppler from the 26th week until childbirth offers great help, while for the same period of time a weekly cardiotocographic test (non-stress test) should be performed, as well as an ultrasound control of the amount of amniotic fluid. The most commonly used regimen involves the administration of aspirin (80 mg daily) and heparin, either crystalline or low molecular weight, in prophylactic doses [60, 61, 62, 63, 64].
The patient’s health condition before pregnancy will determine the resumption of therapy after childbirth. Thus, two to three days after delivery, women taking coumarin derivatives before pregnancy (due to a history of a thromboembolic event) should discontinue heparin (after an INR of 2–2.5) and resume taking these drugs. To decrease the possibility of a new thromboembolic event, women with a thrombotic history during the late pregnancy should be treated with prophylactic doses of heparin or coumarin derivatives for 6 weeks postpartum. For women without a thrombotic history, the anticoagulant therapy could be continued for the first five postpartum days at most. Compared to conventional heparin, less complications were related to low molecular weight heparins. Regarding the duration of the treatment, some recommend the prophylactic administration until the completion of the 37th week, then proposing induction of labor and others the administration until the automatic onset of labor with the simultaneous administration of vitamin K antagonists.
Hyperimmune γ-globin is no longer recommended because there is no clear evidence of improved perinatal outcome. Coumarin is not administered particularly in the 1st and 3rd trimesters as potential teratogens and due to easy passage through the placenta coagulation disorders in the fetus and because they are associated with greater maternal morbidity. Their administration is indicated only in rare cases of contraindication to heparin or aspirin [60, 61, 62, 63, 64, 65, 66, 67, 68].
Complications of anticoagulant therapy in pregnancy include embryopathy (nasal hypoplasia, spotted epiphyses), CNS abnormalities (Dandy-Walker syndrome, visual atrophy), fetal bleeding, hemorrhagic manifestations, skin allergies, thrombocytopenia and osteoporosis [60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72].
The basic principles of APS treatment include the systematic monitoring of the pregnant woman, the continuous assessment of the condition of the fetus, the administration of medication and the selection of the most appropriate time and manner of delivery. Despite the lack of large cross investigations, the usual therapeutic directions includes the corticosteroids, the aspirin, heparin, hyperimmune gamma globulin and coumarins.
Treatment should be applied only when the risk of complications is considered to be higher and after a thorough discussion with the pregnant woman. The prognostic factors of poor outcome are the title of anticardiolipin antibodies and the obstetric history [60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72].
Aspirin significantly reduces the risk of thrombosis by blocking platelet aggregation. It is considered safe during pregnancy. Until now, there are no final conclusions regarding the efficacy of the above therapy as monotherapy. Hydroxychloroquine inhibits aPL-B2GPI complexes on phospholipid surfaces, annexin A5, TF tissue factor, TLPs
The choice of time and method of delivery depends mainly on the presence or absence of complications of the disease during pregnancy. In any case of intrauterine suffocation of the fetus, induction of labor is required with all the possible harmful consequences of prematurity. In asymptomatic forms of the disease and when there are no signs of fetal difficulty, childbirth is preferred as much as possible at the end of pregnancy.
Worldwide, the route of delivery has been the subject of intense controversy and it is not clear if vaginal delivery or cesarean (c-)section is safer for the mother. Thus, prelabour c-section or vaginal delivery should be guided by obstetric criteria [60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72].
APS (primary or secondary) is a chronic systemic autoimmune disorder that mainly affects young women of childbearing age. APL can impair trophoblast function and can cause implantation failure by not allowing fusion of the cytotrophoblast and can also developing small thrombophilia increase abortion rate. Natural killer cells attach to the cytotrophoblast of the embryo. However, the mechanisms by which such cells may or may not affect the embryo is not proven. Moreover, after the implantation, there is a slight inflammatory response. Patient with recurrent miscarriages and infertility develop less prominent reaction that may prevent the fetus from implantation [72, 73, 74].
The effect of the syndrome on pregnancy is accompanied by a multitude of serious complications that significantly increase the rates of maternal and especially perinatal morbidity and mortality.
There is an urgent need to create a new laboratory method, which will detect with great sensitivity and specificity all antiphospholipid antibodies and for this purpose large multicenter studies are already being done, the results of which are awaited.
I would like to warmly thank Ms. Dr. Lefkou Eleftheria and Associate Professor Panagiotis Skendros, who with their vast experience and valuable help and guidance on resolving various problems related to antiphospholipidemic syndrome contributed significantly to complete the background of the chapter.
Given the global grand challenges such as urban mobility, poverty alleviation, endemic violent conflict and the worsening of the ecological crisis, the current complex multidimensional corporate framework intensified the requirements of corporate social engagements. Thus, a common refrain of businesses nowadays is the necessity of adopting socially and ecologically responsible behaviours while ensuring their growth. Besides, since innovation is a key factor to heighten the company’s growth and competitive advantage, firms should invest in innovative as well as social matters to gain legitimacy and to respond to the different interested actors’ expectations. With the fourth industrial revolution, innovation has been the driver of sustainability. It shapes future production, strengthens competitiveness and improves human well-being as well as decreases the environmental damage [1]. Numerous examples of new innovative products and methods such as the BioMat project between Faurecia and Mitsubishi Chemical or the Flaxpreg project, developed in collaboration with PSA Peugeot-Citröen, Lineo and the French University of Reims Champagne Ardenne, show the strong bonds between innovation and corporate social engagements. Moreover, it underscores the crucial role of collaborations and strategic partnerships in developing a competitive advantage.
Innovation could help to better satisfy the needs of different stakeholders’ groups and to go beyond their expectations by getting involved in more strategic CSR policies. Innovation could, therefore, drive more socially responsible projects. According to [2] it is an urgent need to solve the socio-ecological problems. In a similar vein, [3] pointed out that innovation is commonly considered as the most viable path to support and strengthen the current standards of living while treating and overcoming environmental crises. Therefore, numerous studies assumed that innovation supports social practices [4, 5, 6], which complies with the circular economy (CE) plan launched by the European Commission in 2014. This plan aims to unlock the related growth while boosting the European Union competitiveness using new business opportunities as well as novel methods of production and consumption. Nevertheless, due to resources scarcity, conflicting interests, and the riskiness of innovative investments, firms might face difficulties to balance and define their priorities. For instance, [3] pointed out the lack of an innovative potential broad overview in the field of circular economic-related technological developments.
Due to the importance of the innovative and social strategies application, numerous investigations about these two crucial investments were conducted. Nevertheless, very few studies have explored the innovation-corporate social responsibility (CSR henceforth) association. These studies show mixed results. While certain studies tested the synergetic effect that might occur between innovation and CSR, others have debated their positive or deleterious linkage. For instance, London [7] claimed that understanding and analyzing community problems help to identify which efficient solutions should be applied and which resource can be used for social benefit. Through this identification, firms can generate new approaches and products that allow them to create new markets. Therefore, social needs are determinant factors of corporate innovation orientations and success, while innovation is the solution to solve social matters. Yet, according to Mithani [8], managers’ engagement in CSR can weaken innovation investment initiatives. He argued that corporate innovation and social investment effects on economic growth follow a specific pecking order in the Indian market. This lack of convergent empirical evidence was explained in previous research by three main reasons:
First, the diversity of innovation classifications such as the process and product innovation [9], the responsible innovation [10] or the exploratory and exploitative innovation [11]. According to Desjardins [12] there are 10 types of innovation.
Second, the dynamism of the CSR conception. Indeed, the CSR concept has been developing since its appearance [13]. Each version responds to certain criteria that influence innovation differently. These versions can be classified into two fields: the strategic CSR and the responsive CSR [9, 14, 15, 16, 17, 18]. As a result, the CSR-innovation direct linkage alters depending on the CSR conception that - on its turn - changes based on the legal and social framework as well as the corporate commitment and proficiency.
Third, the moderating and mediating effects of several factors such as corporate cognitive-governance or ethnic and cultural diversity. For instance, Costa et al. [11] pointed out that innovation and CSR synergy occurs only if the enterprise has a high level of social commitment. In a similar vein, Domínguez-Escrig et al. [19] highlighted the association between Stewardship behaviours and innovation success. Their findings show a mediating role of radical innovation in managers’ social behaviours and innovation success relationship.
Due to the importance of the innovative and social strategies application, further investigations about the linkage between these two crucial investments have to be conducted. One explanation of this lack of interest is the intricacy of the CSR concept and its misunderstanding. Weller [20] pointed out that numerous managers who implement ethical strategies and socially responsible ones do not understand their meaning. Dahlsrud [21] provided in his study 37 different definitions of CSR. Despite the complexity of the various CSR descriptions and corporate frameworks, academic research and international organizations have shared five common CSR dimensions. Using coding schemes, he claimed that the different used terms refer generally to these dimensions, which are the stakeholder dimension, the social dimension, the economic dimension, the voluntariness dimension, and the environmental dimension. In fact, the divers’ used dialects are the real reason beyond the lack of one universality definition. These confluent definitions enable us to understand the construction of CSR in specific contexts. Yet, they fail to give guidance on how to face CSR challenges and how to consider it while developing business strategies.
The current chapter contributes to this debate on CSR definition. Specifically, we focus on the development of CSR conception over time and how it does shape our understanding of the CSR-Innovation association. Then we analyze how taking into account the cognitive and individual characteristics of top managers, and board directors could help to set a more inclusive framework of this association.
Our chapter is organized as the following. Section (2) presents the evolvement of the CSR and innovation nexus based on the evolutionary CSR concept. In this section, we distinguish between the strategic and responsive CSR. We analyze the moderating effects of the managerial characteristics on CSR-innovation association in section (3). In the penultimate section, we present our empirical investigation. The last section concludes the chapter.
Since the second half of the 20th century, the corporate responsibility towards ecological and social matters has attracted a lot of interest, especially with the meta-environments in which firms operate nowadays [22, 23].
First, corporate sustainability has been presented as an exception [24]. In order to survive, firms have to provide continuously several resources and energies mobilized in a strategic plan, consistent with the framework rules and norms; otherwise, it will eventually fade. In other words, companies need to allocate their resources to create value and competitive advantage through a greater network development as well as an innovation encouragement [25]. According to the slack resources theory, due to the resources scarcity firms should arbitrate to select sustainable investments. Nevertheless, combining the divergent goals of stakeholders to find the optimal resources allocation function is the hardest mission for every company.
With the increase of multiple pressures and law evolvement, firms’ ethical and social practices no longer present a simple voluntary decision, which explains the CSR development over time. Visser [13] considered that CSR versions missed the promotion of our community and ecosystem health, quite the contrary, they made it worse. Specifically, they failed to introduce innovative tools dealing with the existing environmental issues. He argued that the CSR understanding has been evolving according to overlapping ages1: The age of Greed, the age of philanthropy, the Marketing age and the Management age. While the three first ages have introduced a responsive CSR stream, the management age has established CSR in the core of business. It generates a strategic CSR.
When the firm is involved in CSR activities that meant to exclusively respond to stakeholders’ basic needs and reporting standards, its CSR policy is responsive. However, when more pioneering initiatives are undertaken and going beyond standards and regulations, CSR activities are strategic [9, 27, 28]. We should also mention that another more civil version of CSR is taking place, namely the transformative CSR [13]. Nonetheless, we consider that this version is still in an embryonic stage for the profit-oriented enterprises.
The coexistence of these ages depends on the space–time setting. Hence, to explain the CSR and Innovation nexus we have to understand the evolvement of the CSR concept and its continuous interaction with corporate innovation.
The responsive CSR concept has been used in recent studies. Porter and Kramer [14] considered CSR as responsive if it has two goals: good corporate citizenship and risk mitigation. Put differently responsive CSR has no specific plan and strategy that allow the firm to create a competitive advantage. Indeed, there is no specific study that provides a clear development of responsive CSR conception. Vishwanathan et al. [18] described the non-strategic side of CSR as a blind spot to CSR researchers. Indeed, investigations’ focus has been oriented to the strategic CSR. Researchers consider that firms which do not apply CSR strategically are applying it responsively.
This narrow development of responsive CSR made the firms’ classification absolute. From a theoretical perception, a company is whether strategic or responsive, while in reality, it can be both especially since responsive CSR versions can share some strategic CSR criteria. We should point out there is no sole definition of the strategic CSR, which makes the responsive CSR understanding more blurred. For instance, Visser [13] argued that responsive CSR is meant to orient its activities in specific areas that are not specifically related to the core business. He identified the following forms of non-strategic CSR: the defensive, charitable and promotional CSR strategies.
Bocquet et al. [9] found that responsive CSR lessens the different corporate innovation types while strategic CSR promotes them. In contrast, Bocquet et al. [17] underlined the positive effect of the responsive CSR on the technological innovation for the SMEs. Thus, to give better insights into these controversial results, we analyze the interaction between innovation and the responsive CSR version previously mentioned.
In the following, we address the different strategies of responsive CSR and their influence on innovation strategies.
As business requires creativity, it is assumed to be naturally innovative [29]. Yet, what makes the ages different is to which goal this business creativity is directed. The first age of the CSR development is the age greed, in which CSR was perceived as a tool to serve shareholders’ interests by taking into account only aligned stakeholders’ interests. During this age, and consistent with the shareholder theory, CSR activities were defensive as they were undertaken only to protect the financial result.
For example, according to “Fortune” magazine, the American company Enron was one of the most innovative firm from 1996 to 2001. It was listed among the 100 best American companies by the same magazine. Enron practice of CSR was widely known, specifically its green model. It built a great image that hides the true nature of its practices. However, its collapse was unavoidable since it was the result of greed. Some studies considered the Enron scandal as a juncture in the CSR understanding [30, 31]. They analyzed the CSR evolution after the post-Enron era.
After the 2008 Crisis, economic actors realized that they misunderstood CSR conception. Miller [32] considered the confusion between legitimate economic rationality and greed, more specifically excessive desire, is the main trigger of crisis. It is straightforward to see that Enron only acted socially responsible when it is financially profitable. Hence its scandal has been one of the greatest examples of CSR in the age of greed.
Even though CSR activities also have to generate cash-flows, considering the financial performance as the sole gain could never foster sustainability and innovation. Indeed, enhancing financial performance provides more funds for innovation investments. Nevertheless, defensive CSR cannot provide a good understanding of multiple needs of different groups, which increases agency conflicts. Furthermore, it cannot rebuild the corporate reputation, which in return threatens innovation success, especially in casino economies2 where high-risk levels are taken. Bertrand et al. [33] described the defensive CSR as a “poor vector” of innovation.
The second age of the CSR development is the philanthropic age, where CSR is presented as a charitable action. Carnegie [34] claimed in his article “The Gospel of Wealth” that wealthy investors have to use their fortune for the community’s well-being and empowerment. In line with Stiglitz’s [35], wealth should be distributed equally to avoid the inequality costs and, therefore, recession. Put differently, we need charities to drive growth. The charitable actions can help innovation improvement. Bereskin and Hsu [36] emphasized that the corporate philanthropy with universities and non-profit organization improves the corporate research partnerships and strengthen its network. Thus, innovation efficiency is increased. Charity and philanthropy are mobilized to establish collaborations. Yet, to take advantage of the corporate philanthropy and boost corporate creativity, a long-term strategy of charity should be elaborated [37]. Otherwise, the charity can lead to waste the financial resources and consequently limits innovation investments.
Despite the beatific view of charitable CSR, it has failed to face systemic problems and solve social and ecological matters. This failure was due to two main reasons.
First, charitable activities’ goals do not incorporate the improvement of the financial performance and since companies are for-profit organizations, increasing their gain, and using their cash flows to create a competitive advantage should be out of the question. Therefore, non-strategic social actions can damage the corporate competitive position. Protecting and improving financial results should be neither out nor the core of the CSR scope. In other words, companies should capture private benefits from their social strategies while responding to the philanthropic criterion, which is one of the strategic CSR dimensions, named ‘specificity’ [38].
The second reason is the limited capacity of firms to respond to all social and ecological needs. Non-strategic philanthropy is like trying to fill a bucket, which is leaking from the inside. Porter and Kramer [14] underlined that no business is able to solve all of society’s challenges or bear its costs. Therefore, each company has to select issues that cross its business and field of knowledge. Furthermore, CSR actions must fit the corporate missions and goals. Investing in generic social issues with no dynamic effects and which are neither significantly influenced by the enterprise’s operations nor affect its long-term competitiveness is a waste of corporate wealth. De Silva and Wright [39] indicated that strategic philanthropy is most often associated with open innovation. Accordingly, profit companies are likely to collaborate and co-create value with non-profit organizations through open innovation approaches.
The Marketing CSR also called promotional CSR is another form of responsive CSR. A promotional CSR is a reputation-building CSR. It encompasses social practices public relations’ opportunities with the aim of enhancing corporate reputation and brand image. It focuses generally on the stakeholders’ perception of the company and tries to find an optimal strategy that satisfies the interested actors and gives the firm a sound depiction. Therefore, it improves the financial result, provides more environmental support, reduces reputational risk, and builds a greater trust level [40, 41, 42, 43, 44]. The main aim of promotional CSR is to guarantee and promote more ‘Visibility’. Singh and Dhir [45], cause-related marketing has become an emerging field of research.
According to the founder of Virgin Group Richard Branson, “Young people today want to see change. They want a better world”3. Hence, being socially responsible is the best promotional way used by firms to achieve stakeholders’ satisfaction. Promotional CSR should start from the inside with an integrated marketing model. Moreover, it is likely to promote exploratory innovation, especially with the reputational risk mitigation. Lefebvre [46] underlined that social marketing is an evolutionary concept planned to foster innovation. Responsible marketing is most often positively associated with more marketing innovation. However, in practice, markets-makers and practitioners face challenges to align social/human and business issues. Hence, the spread of innovation that aims to solve the relative concerns become harder Lefebvre [47].
This CSR version might look sound. Nevertheless, it has several deficiencies. According to Singh and Dhir [45], around two-thirds of customers believe that companies’ spending on marketing is quite large compared to the social matters spending. They are not focusing much on real social issues. With limited knowledge of social or environmental matters, firms might apply CSR actions for greenwashing. Indeed, without a real social goal, using chaotic and disordered actions in a responsive way can only have a short-term impact. Thus, ensuring a corporate gain from the applied action might be harder. In the worst cases, CSR leads to antithetical results. Esper and Barin Cruz [48] discussed how CSR could be a hypocrisy tool to influence the market perception. With the presence of a large gap between the way in which a company shows off and the way in which it acts, stakeholders could be manipulated and suffer manoeuvering hypocrisy, which leads to social scandals and trust collapse.
This CSR’s poor understanding and active talking about CSR commitment while covering profitable practices that are socially and environmentally dubious trapped not only small businesses but also multinationals. Volkswagen test cheating, Siemens bribe scandal, BAE corruption scandal, General Motors defective ignition switches, Mitsubishi products falsified data, as well as Wells Fargo account fraud scandal and so on, are businesses that have gone responsibly astray. Brenkert [49] pointed out that we need to rethink CSR efforts to close the immoral gaps.
To conclude, a large body of research has highlighted the negative results of cosmetic CSR practices. In fact, CSR can be considered as a double-edged sword. It could generate extra costs that hamper corporate survival and innovativeness. Hence, firms have to select the appropriate social practices that foster the firm’s position and enhance its profit and growth. In other words, companies should view CSR strategically.
Under the high social pressure, several firms have undertaken CSR initiatives that go beyond CSR regulations and standards to gain the stakeholders’ trust. CSR could have positive influences if it is used strategically. According to the institutional theory, the corporate framework is based on the cohesion of the interdependent components. Hence, enterprises are affected and could affect their environment. To face CSR challenges and reach the optimal CSR practices effects firms should classify social acts into three main streams [14]:
The generic social impact is generated by social matters which are not affected by the company’s actions. The CSR practices do not influence the company competitiveness. Investing in this category is by no means strategic.
The value chain social impact: where we find the possible actions through which the firm can influence its environment. Given the tremendous social issues, no firm has the capacity to solve the whole social problems. Therefore, it should select social programs that can be affected by the company’s actions. The value chain social impact actions can be strategic or responsive it depends on the ability of the company to benefit the community while reinforcing its strategy.
The third stream is the social dimensions of competitive context: In this category, we find the social issues that influence significantly the firms’ competitiveness. The CSR actions under this group are strategic.
Based on this classification companies should select more strategic CSR activities that affect the competitive context of the company and improve the social environment. Along the same line, Burke and Logsdon [38] pointed out that social action could create a measurable economic benefit under the five following conditions: the centrality, the specificity, the proactivity, the voluntarism, and the visibility. To establish strategic CSR companies’ social actions should be within its field of knowledge. In other words, firms have to prioritize social issues based on their salience to the business activity. Enterprises have to create a shared value, to capture private benefits due to social actions. These actions should be in line with the corporate environmental evolvement and should reflect the firm’s anticipation of its framework evolution.
The efficiency of these actions will depend closely on the identification of the key stakeholders; the firm has to be concerned about their interests. More recently, Vishwanathan et al. [18] introduced a more inclusive framework for strategic CSR where they considered strategic CSR as the intersection between the social enhancing activities and the financial performance-enhancing actives. Accordingly, financial performance enhancement is a multidimensional result that depends on all CSR determinants, namely the firm’s reputation enhancement, the stakeholder reciprocation, the risk mitigation, and the innovation capacity improvement.
Strategic CSR conception was developed first by Burke et al. [50]. It means relating CSR to the corporate core business, the implementation of social management systems, and the setting of social targets, auditing, and reporting. In the same line, Athanasopoulou and Selsky [51] defined strategic CSR as a continuous process that takes into account its own effect. More precisely, a company can pursue its business goals while considering the stakeholders’ engagement through strategic CSR [52]. Thus, the efficient implementation of CSR strategies depends on corporate activities, skills, and capabilities. While other CSR versions can have different opposite linkage with innovation depending on their strategic application, innovation enhancement is one of the strategic CSR pillars. Vishwanathan et al. [18] explained how strategic CSR enhances the firm reputation, increases stakeholder reciprocation, mitigates firm risk, and strengthen innovation capacity. These effects cannot be achieved through the non-strategic CSR.
The reputation enhancement: It is one of the most used mechanisms to explain the positive effect of CSR on the firm’s competitive position and financial performance increasing. The legitimacy theory and the signal theory give it a robust theoretical foundation. Axjonow et al. [40] described CSR as a tool for reputation management. Indeed, if CSR succeeds to improve financial performance through enhancing the corporate reputation, then it has satisfied one of the strategic CSR pillars. Abugre and Anlesinya [53] stressed that reputation enhancement is a mechanism that mediates the CSR and financial performance link. For Zerbini [27] and Janney and Gove [54], reputation is a strategic asset. In the 21st century, social reputation and digital reputation play an important role in the CSR promotion
The stakeholder reciprocation: One of the main and well-known theories that have supported the CSR positive effect is the Stakeholder theory [55]. Applying strategic management aim to optimize the different stakeholders’ satisfaction. McWilliams and Siegel [56] indicated that when firms are engaged in CSR, their actions should be beneficial to at least certain stakeholders. Hence, selecting the key stakeholder groups is crucial to apply strategic CSR. While the reputation improvement mechanism has to be visible externally, the stakeholders’ reciprocation mechanism aim is creating benefit for the existent stakeholders. This mechanism has to improve the cooperation between the firm and its stakeholders [18].
Lins et al. [57] found that during crises trust between stakeholders and companies is built through socially responsible investment (SRI). Employees’ productivity is higher for socially responsible firms and creditors have more faith in these firms’ transparency. In the same line, Hasan et al. [58] concluded that social considerations of the principal stakeholders are precious especially for firms that dispose of higher discretionary cash levels. Similarly, Govindan et al. [59] proved that CSR practices influence the suppliers’ selection, which affects corporate competitiveness.
The risk mitigation: CSR strategies should reduce information asymmetry [43], which limits the agency conflicts. Harjoto and Laksmana [42] pointed out that CSR serves as a control mechanism for corporate risk. Consistent with Vishwanathan et al. [18], CSR engagement leads to get in touch with diverse stakeholders, which extends the company’s connections and gives access to new information. This information reduces corporate-specific risk. Besides, Mayberry [44] marked that CSR strategies reduce firms’ risk and grant insurance-like benefits. Recently the environmental risk was given greater consideration, Zhou et al. [60] focused on the carbon risk management as one of [61] emphasized that natural resources such as the water for the food and beverage sector create conflicts between industries and stakeholders. Indeed, legislation in Europe has been considering the social risk management through several enacted laws. Jung et al. [62] documented a positive relationship between the carbon risk and the cost of the corporate debt. Failing to respond to the Carbon Disclosure Project increases the environmental risk, which leads to an increase in the debt cost.
The innovation capacity improvement: Previous research and practitioners endorse that innovation enhances corporate competitiveness. It enables companies to differentiate and overcome competitors. Nevertheless, innovation is risky. Its success requires some specific capacities such as the deep comprehension and support from the stakeholders, which can be achieved through the strategic social practices. For instance, Flammer [63] highlighted how responsible companies are favoured and receive more government procurement contracts due to the stakeholders’ interest consideration. Moreover, employees are more motivated, they feel safer and more comfortable in responsible firms, which drives better information sharing. Furthermore, the stakeholders’ synergy, built through CSR, promotes identifying new opportunities. Interacting and understanding stakeholders’ needs should lead to greater innovation opportunities detection. Cegarra-Navarro et al. [64] presented, in their alternative model, innovation enhancement as a CSR mechanism that improves financial performance. Their results support the mediating role of innovation in the CSR-CFP relationship, which is confirmed by Bocquet et al. [9]. Halkos and Skouloudis [65] underlined that strategic CSR is a multifaceted construct that provides a variety of opportunities to innovate regardless of the innovation type. Strategic CSR should lead to thinking-out-of-the-box in a way that improves the corporate creativity and enhances innovation capacities.
It is straightforward to notice that the enhancement of the innovation capacity influences its intensity and initiative. The other mechanisms also can affect innovation success. For instance, a better relational with different stakeholders groups helps the firm to understand their desire and expectations and generates more innovation opportunities. In a similar stream, Porter and Kramer [14] underlined that strategic CSR is a source of innovation and competitive advantage creation. Its effect on innovation can be more pronounced when the company improves its CSR process, which in turn drives social innovation [66]. One of the examples that can show how strategic CSR fosters innovation is Denmark’s biggest energy company Orsted. In 2012 and after the financial crisis the price of natural gas was dropping by 90%. To face these circumstances, Oersted’s board hired as a new CEO Henrik Poulsen a former executive at LEGO. While several companies adopted crisis management strategies to overcome the situation, Poulsen detected the opportunity and need for crucial change. The company at this level switched based on their new innovative responsible strategy from black energy to the green one. It was a radical transformation with the new core business, new management methods and new process that grants sustainable growth.
Similarly, Ecolab was a company that sells food safety services and cleaners with a modest growth level, around 10% annually in the early 2000s. When Douglas M. Baker Jr. became the CEO in 2004 he felt that moving to the adjacent markets will not provide the desired growth. In line with Bocquet et al. [9], strategic CSR has to understand and consider the stakeholders while making strategies. Ecolab started its transformation by asking customers among others to understand the real needs and what is really lacking in the market. Through this understanding and collaboration with Nalco Company, Ecolab was able to present new products and cover $12 billion market cap in 2011.
These examples not only reflect the strong positive association between the strategic CSR and the innovation but also reveal the vital role of the managerial characteristics of this relation.
CSR and innovation are the key drivers of responsible and sustainable competitive advantages. Hence during this last decade investigations about their linkage presented a significant strand of research. Based on several real examples, studies [17, 67, 68, 69] highlighted the crucial influence of the managerial characteristics (the entrepreneurial orientations, cognition, perspective, culture, and so on) on the CSR and innovation nexus. Indeed, managers’ characteristics provide the exact CSR age to which the firm belongs. Yang et al. [68] focused on the managerial cognition association with the CSR and innovation link. According to their study, the proactive environmental strategy focus is positively linked to two factors the managers’ perceived business and social pressures. This association prompts the corporate innovation capacities. Similarly, Pedersen et al. [69] tested the mediating effect of organizational values such as the management style or the organizational structure and culture on the CSR and innovation nexus. They concluded that the CSR and innovation association depends deeply on the managers’ rooted values and flexibility.
The age of CSR in which the company is positioned depends on the managerial characteristics. Furthermore, managers’ perspective is able to create the appropriate climate to facilitate the CSR conception transformation. However, this managerial perspective can be oriented due to the legal and social framework pressure, consistent with the institutional theory. Scott [70] indicated that the normative, regulative, and cognitive elements form different kinds of pressures shape the managers’ cognition in strategy establishment. Indeed, the existence of unavoidable restraints can make the CSR and environmental management unsustainable [71].
System builders such as the corporate innovators, managers and board members are the main actors that orient the firms’ decision-making. Their attitudes and actions influence corporate strategies and the interaction between its decisions. The CEO position is considered as the highest in the company’s organogram. Hence, we focus on its traits’ effects on the CSR-innovation nexus. Cho and Kim [72] mentioned that the CEO’s career is significantly affected by risky strategies such as innovation, research and development, CSR and capital expenditures. Consequently, young and less experienced CEOs are less likely to undertake innovative or social investments. Nevertheless, the exploitation of the old knowledge and the CEOs’ willingness to preserve their value and success may alleviate this negative impact. In a similar vein, Lin et al., [73] provided evidence for the positive association between the CEO educational degree and innovation initiative. Bendell and Huvaj [74] emphasized that CEOs with high tenure are more likely to invest in innovation when they adopt CSR strategies. Their position allows them to bring more attention to the organizational network with different external stakeholders, which increases their innovation incentive. They concluded that the CSR and innovation linkage is strong when CEOs have long execution periods. Thus, the CEO experience, knowledge and network moderate the CSR–innovation linkage, which explains the universities current development. We notice that universities’ curricula, specifically management and corporate programs have been updated and have become more focused on social performance and CSR. Managers aim to acquire legitimacy through their social practices while gaining competitive advantages through innovation.
Board diversity in large companies plays a crucial role in the decision-making process. Indeed, the directors’ attributes such as gender, nationality, age, educational level and independency mediate the innovation-CSR linkage [17, 75].
The gender diversity more specifically the gender equality, which is one of the CSR components, forms a responsible innovation pillar, according to the European Commission report.4 Several previous studies stressed that female directors are more risk-averse and avoid risky investments [76]. Thus, they invest less in innovation. Nevertheless, this risk aversion is influenced by the female manager experience. With their specific knowledge and higher flexibility [77], women presence on the board creates complementarity which promotes innovation. Elstad and Ladegard [78] underlined that the presence of women on the board influences the decision- making dynamism. Attia et al. [79] pointed out that gender diversity can enhance corporate product innovation. The presence of women can create better interaction and greater complementarity between R&D teams.
Another pillar of responsible innovation is the Governance dimension. The CSR-governance is associated with the presence of independent directors. Besides, the presence of foreign directors provides greater community involvement [80]. These criteria reflect the company’s transparency and social performance, which affect the stakeholders’ trust and reduces corporate risk and consequently improves innovation. According to Attia et al. [79], independent directors’ presence fosters the innovation intensity and process innovation.
The educational level also is one of the board diversity forms. Haniffa and Cooke [81] focused on the ethnic and cultural background of the board’s members. They argued that a higher educational level is associated with better stakeholders understanding. This understanding helps the board members to predict the adequate innovation fields. Moreover, a higher educational level provides a better knowledge, which foster innovation.
Digitalization has been speeded since the ending of the 20th century. This development presented the trigger of the fourth industrial revolution. A revolution based on the interaction and the fusion of the real sphere, the digital sphere, and the biological one. What makes this revolution exceptional is its high speed that has no historical precedent. With an exponential rather than a linear pace, industries in every region have to update their systems of management, production and governance to face the depth of the environmental changes [82]. The world economic forum [83] project aims to accelerate sustainable production. This project is based on using innovation to drive efficiency, decreases the environmental damages, boost competitiveness and enhancing the human well-being. Hence, to reach this goal, shaping future production and promoting new levels of collaborations is required. Through the interactions between the different interested actors, an informational and knowledge exchange process occurs, which in turn generates greater innovations [84]. Soto-Acosta et al. [85] pointed out that digital technologies created new tools of communication that can enhance the management of knowledge and the corporate network. Besides, they focused on open innovation importance. Indeed, collaborating or including stakeholders in the decision-making process helps to open the company’s view [86]. Hence, it boosts the social strategic engagement while improving innovative capacities. Moreover, corporate innovation interacts with the management systems. Singh et al. [87] claimed that transformational leadership increases the employees’ motivation and enhances their communication which helps them to realize their green potentialities and boost green innovation, thereby ensuring their competitive position. Del Giudice et al. [88] presented a detailed analysis of human resources management and the open innovation link in modern enterprises. Human dimensions are pivots of innovativeness and social and ecological commitment. Projects such as CAYLEY, FlaxPreg, VOILIN, and so on are great examples that show the vital role of collaboration, inclusion and networks enhancement to generate sustainable innovative projects and to improve creativity.
With the fast evolvement of the corporate framework and under the fourth revolution circumstances, new industries are emerging while others are fading. Hence, having better knowledge will enhance corporate abilities to predict future development. Nevertheless, having knowledge does not grant its efficient use. Del Giudice et al. [89] pointed out the importance of collaboration and information sharing in enhancing knowledge use. They shed light on the role played by new technologies in harmonizing the corporate knowledge needs and the informational flows.
The dynamism of the CSR conception was one of the reasons that explain the CSR-innovation ambiguous link. According to Vishwanathan et al. [18], the corporate innovative capacity should present one of the strategic CSR pillars. Hence, assuming a positive linear link between CSR and innovation is expected if the CSR measure is a strategic one. In our investigation, we attempt to extend the previous studies by using a more flexible semi-parametric model to seize the shape of the innovation effect on the CSR index. This method relaxes the econometric assumptions, thereby, grants more accurate results that are inspired by reality. We use the ESG index and its components to measure CSR, while we consider the natural logarithm of patents as the innovation proxy. The aim of this study is to verify whether the current ESG index and its components reflect strategic CSR measures. Put differently, how can companies include CSR in their strategies and orient their innovativeness toward the social and ecological commitment, thereby, generate innovative projects that create shared value. Our main assumptions are:
H: The corporate innovativeness does not affect CSR linearly. Thus, CSR is not always presented in the core of the companies strategies.
To reach our goal, this section will be as flows. First, we present our sample and data. Second, the variables descriptions followed the methodology and Model. Finally, we present and analyze the empirical results.
To test the effect of corporate innovation on the CSR scores, we conduct our study on the SBF 120 French companies. Thanks to the French Parliament enacted Grenelle Acts in 2010 large French companies have to communicate their CSR activities, which enable us to have a clearer view of the CSR strategies for these companies. Our panel data, which covers the period from 2010 to 2016, are collected from two main sources. The Bloomberg database was employed to measure the CSR through the ESG score and its components. Besides, we use the annual sectorial survey of the National Institute of Statistics and Economic studies to determine the corporate innovation through patents number.
Tables 1 and 2 present the variables’ description used to conduct our study. In Table 1, we consider the Natural logarithm of patents (Ln_PA + 1) as an innovation proxy, which is the independent variable. The CSR measures are the dependent variables. The ESG presents the global score of the CSR while the specific environmental, social and governance scores are presented respectively by the ENV, SOC and GOV. Table 2 describes our controls. Based on the prior research, we selected the board specifies, the ownership structure and the financial performance variables.
Abbreviation | Description | Type | Previous studies |
---|---|---|---|
PAT | Number of patents | Discrete | Mishra [90]; Raghupathi [91] |
Ln_PA + 1 | Natural logarithm of PAT+1 | Continuous | |
ESG | CSR disclosure score | Continuous | Wang and Sarkis [92]; Ji et al. [93]; Hoang et al. [94] |
ENV | Environment disclosure score | Continuous | |
SOC | Social disclosure score | Continuous | |
GOV | Governance disclosure score | Continuous |
The dependent and independent variables description.
Abbreviation | Description | Type |
---|---|---|
B_SIZE | Number of the board members | Discrete |
WO_B | % of women on the board | Continuous |
B_AGE | Board average age | Continuous |
ESG_ BONUS | Remuneration for CSR policies | Dummy |
Ln_TE | Natural logarithm of total employees | Continuous |
ROA | Return on assets | Continuous |
LEV | Debt book to total asset ratio | Continuous |
INDP_B | % of independent on the board | Continuous |
Duality | Board duality | Dummy |
IN_PROP | % of the institutional investors’ share of capital | Continuous |
STAT_PROP | % of the state’s share of capital | Continuous |
FAM_PROP | % of the family’s share of capital | Continuous |
The controls description.
Imposing the linear econometric assumption of innovation effect on the CSR might not be accurate especially with the dynamism of the CSR conception. Aiming to define a pragmatic shape, we use in this study a semi-parametric model. Through this method, we relax constraints for the innovation effect while maintaining the linearity assumption for the controls. Hence, our model is as follows:
CSR refers to the CSR variables (ESG, ENV, SOC, GOV) defined previously. Innovation is measured by the Ln_PA + 1 and controls matrix includes all the controls variables presented in Table 2. Finally,
The n index refers to the number of observations and J presents the roughness of the objective function. This function optimum depends on the minimization of residuals squared and the maximum possible smoothing of the innovation function. The
The
Follows an approximate χ2 distribution, the null hypothesis of this test supposes the equality between likelihoods. The degree of freedom is determined through the difference between the numbers of parameters of each model. Put differently, if the semi-parametric regression has a higher number of parameters then the linear regression is not appropriate.
In Table 3 we present the descriptive statistics of our study. We focus on the averages of our variables and their dispersion.
Variable | Mean | Std. Dev. | Max | Min |
---|---|---|---|---|
Patents | 59.672 | 250.853 | 2448 | 0 |
Ln_PA + 1 | 1.128 | 1.949 | 7.803 | 0 |
ESG | 43.474 | 12.942 | 68.182 | 5.785 |
ENV | 36.656 | 14.042 | 67.442 | 1.55 |
SOC | 49.193 | 14.469 | 80.702 | 3.509 |
GOV | 58.368 | 9.032 | 76.786 | 14.286 |
B_SIZE | 12.627 | 3.419 | 23 | 4 |
WO_B | .237 | .125 | .579 | 0 |
B_AGE | 58.573 | 4.952 | 68.778 | 15.384 |
ESG_ BONUS | .184 | .387 | 1 | 0 |
Ln_TE | 10.027 | 1.775 | 13.071 | 0 |
ROA | 3.798 | 10.585 | 276 | −23.067 |
LEV | 25.677 | 16.223 | 96.083 | −80.736 |
INDP_B | .538 | .204 | 1 | 0 |
Duality | .203 | .402 | 1 | 0 |
IN_PROP | .408 | .248 | .907 | 0 |
STAT_PROP | .04 | .15 | .922 | 0 |
FAM_PROP | .089 | .182 | .805 | 0 |
Variables description and summary statistics.
With an average of 59.67, the SBF120 companies have innovative potentialities. Nevertheless, the patents number presents a significant dispersion with a high standard deviation. For the CSR measures, the average of the ESG scores is 43.474, more precisely; the highest mean of the ESG components is the governance score with an average of 58.37 against only 36.656 the lowest for the environmental score. These statistics shed light on the environmental current issues and the required efforts needed by these companies to improve their environmental disclosure. Besides, we found that 18.4% of companies are using a remuneration bonus policy to enhance the ESG performance this might drive more attention to the ESG matters and help companies to view CSR more strategically.
For the percentage of women’s presence on the board, we register an average of 23.7%. After the Copé-Zimmermann enacted law in 2011, this average has increased considerably compared to prior periods. Nevertheless, the female directors occupy rarely executive positions. The board average age is 58.57 years old. It is also a positive signal on the degree of expertise of the directors as most of them have been board members in the past or have a business experience. However, with such a high average age, modern trends might not be appreciated. On one hand, this might reduce conflicts during the decision making process. On the other hand, it risks neglecting the youth population trends and views. Concerning the board independency, on average more than half of the boards’ members are independent (53.8%), which reflect a great level of transparency. Besides, this help to open the companies view and have an outsider perception.
To reach the aim of this investigation, Table 4 as well as Figures 1–4 reflect the innovation effect on the CSR proxies.
ESG | ENV | SOC | GOV | |
---|---|---|---|---|
Ln _PA + 1 | 3.881* (2.127) | 7.214*** (2.269) | 0.756*** (0.268) | −0.972 (1.684) |
B_SIZE | 1.090*** (0.142) | 0.829*** (0.170) | 1.127*** (0.170) | 1.034*** (0.092) |
WO_B | 16.796*** (3.701) | 10.495** (4.448) | 12.046*** (4.495) | 9.774*** (2.398) |
B_AGE | −0.373*** (0.117) | −0.212 (0.141) | −0.200 (0.141) | −0.174** (0.076) |
ESG_ BONUS | 3.486*** (1.139) | 2.410** (1.334) | 2.646* (1.368) | 5.458*** (0.738) |
Ln_TE | 0.977*** (0.257) | 0.906*** (0.310) | 0.810** (0.314) | −0.053 (0.167) |
ROA | −0.048 (0.037) | −0.046 (0.043) | 0.009 (0.044) | −0.006 (0.024) |
LEV | 0.024 (0.029) | −0.011 (0.035) | −0.025 (0.036) | −0.030 (0.019) |
INDP_B | 14.759*** (2.336) | 20.352*** (2.802) | 10.912*** (2.823) | 11.209*** (1.516) |
Duality | 0.621 (1.094) | −0.627 (1.320) | 1.478 (1.335) | 0.460 (0.710) |
IN_PROP | 8.487*** (2.034) | 9.379*** (2.412) | 8.183*** (2.448) | 1.941 (1.319) |
STAT_PROP | 1.462 (2.748) | 8.959*** (3.259) | −1.502 (3.365) | −0.194 (1.779) |
FAM_PROP | 0.794 (2.733) | 6.353* (3.366) | −9.121*** (3.397) | 4.445** (1.772) |
FOR_PROP | 2.426 (2.127) | −2.032 (2.506) | 6.783*** (2.518) | 1.085 (1.380) |
_cons | 24.007 (7.161) | 9.370 (8.568) | 25.675*** (8.529) | 47.106*** (4.652) |
Number of obs | 681 | 648 | 657 | 681 |
pilot goodness-of-fit chi2 (P-value) | 64.78 (0.0016) | 57.34 (0.0000) | 22.71 (0.9458) | 79.38 (0.0000) |
Log restricted-likelihood (P-value) | −2404.585 (0.0000) | −2375.429 (0.0000) | −2421.249 (0.0000) | −2132.486 (0.0000) |
LR test vs. linear model: chibar2 (P-value) | 7.14 (0.0038) | 7.09 (0.0039) | _ | 5.95 (0.0074) |
The innovation effects on the CSR proxies.
p-value < 10%.
p-value < 5%.
p-value < 1%.
Values between the parentheses presents the standard errors of the estimated coefficients.
Innovation effect on the ESG scores.
Innovation effect on the Environmental scores.
Innovation effect on the Social scores.
Innovation effect on the Governance scores.
Figure 1 presents the innovation effect on the global ESG score. According to its result, we underline the generally positive impact of innovation on the CSR scores, which is consistent with Table 4 coefficient (significant at the 10% level). Indeed, this graph can be divided into three main parts based on the innovation intensity (when Ln _PA + 1 less than 4; between 4 and 5, and higher than 5). In the first part, an increase in corporate innovation enhances CSR slightly. Firms belonging to the first category of innovation intensity tend to consider ESG matters while innovating. The second part reflects a negative association between CSR and innovation. Companies in the second category are inventing without focusing on the ESG issues quite the contrary their innovation might reduce their ESG scores. In other words, those companies are not applying CSR strategically. They only focus on CSR matters if it grants financial benefits. Finally, the last category is where innovation can boost ESG scores. At this level of innovation, we found a remarkable positive effect of the corporate innovativeness on CSR. The most innovative companies are those that apply CSR strategically. They put CSR in the core of their innovation process. We might assume their adoption of open innovation, which allow companies to share knowledge and better understand stakeholders, consequently improves ESG scores. The positive effect of this third category is confirmed not only for the ESG global score but also its components. Nevertheless, it is not the case of the two first categories. While Figure 3 supports the linear shape between social engagement and innovation, Figures 2 and 4 show similar curves’ shapes with different flattening level. Innovation is always socially beneficial.
Concerning the controls’ linear effect on the CSR scores, we should drive attention to the positive influence of the board diversity and boar size in enhancing the CSR engagement. Moreover, the ESG remuneration fosters the ESG scores. Its effect is more pronounced in the governance score. Besides, we find a non-significant influence of the board duality and the financial variables. Furthermore, foreign ownership only increases social commitment. The family ownership decreases it while enhancing the governance scores. Finally, we point out the state and institutional ownership effect on boosting environmental engagement.
The evolvement of social and ecological requirements created a dynamic corporate framework that leads to alternate business practices. This evolution has widened the CSR scope. Hence, CSR went from a defensive or a philanthropic extra activity to a part of the core business. These successive mutations influenced the CSR-innovation link. In this chapter, we analyzed the evolvement of the CSR conception based on four ages: the age of greed, the age of philanthropy, the marketing age and the management age. Moreover, we presented the links between the different CSR versions and corporate innovation. This link is associated with corporate competitiveness.
CSR forms a road map for an emerging innovation paradigm if it is strategically perceived. Indeed, the CSR and innovation nexus is influenced by the managerial perspectives, which are the cores of the CSR understanding and innovation initiatives. However, the managers’ social commitment is not an independent factor. It is affected by the institutional framework. In other words, it depends on the legal, social and economic pressures as well as the digital transformation. With an economic system similar to a Matryoshka doll, decision-makers have to predict future evolutions through strengthening their social network. They have to identify the right moments and persons with whom they should collaborate to create shared value, enhance their innovativeness and improve their environment comprehension. Regulators should consider the continuous evolvement of the business-work and the technological improvement to control the irresponsible behaviours. They can help firms to identify the appropriate timing of the CSR and innovation synergetic effect occurrence.
Finally, we draw attention that the strategic CSR version is not the last one. Nowadays, a transformative CSR is taking place. The difference between these two CSR versions is that while strategic CSR has been included in the core business, the transformative CSR is the trigger of the business. Investors are creating new social start-ups where business innovativeness is driven by social and ecological matters. Thus, their innovativeness is a responsible innovation.
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Delac received his B.Sc.E.E. degree in 2003 and is currentlypursuing a Ph.D. degree at the University of Zagreb, Faculty of Electrical Engineering andComputing. His current research interests are digital image analysis, pattern recognition andbiometrics.",institutionString:null,institution:{name:"University of Zagreb",country:{name:"Croatia"}}},{id:"557",title:"Dr.",name:"Andon",middleName:"Venelinov",surname:"Topalov",slug:"andon-topalov",fullName:"Andon Topalov",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/557/images/1927_n.jpg",biography:"Dr. Andon V. Topalov received the MSc degree in Control Engineering from the Faculty of Information Systems, Technologies, and Automation at Moscow State University of Civil Engineering (MGGU) in 1979. He then received his PhD degree in Control Engineering from the Department of Automation and Remote Control at Moscow State Mining University (MGSU), Moscow, in 1984. 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