Prof. Nikunj Kumar Jain’s co-authored research paper titled ‘Exploring the direct impact of environmental, social and governance (ESG) factors on organizational innovation output and institutional isomorphism: a study in the context of multinational life sciences organizations’ has been published in Emerald Insight Benchmarking: An International Journal. Prof. Som Sekhar Bhattacharyya and Mr. Bhuvaneashwar Subramanian, Executive PhD Scholar from the Department of Strategy and Entrepreneurship, Indian Institute of Management Nagpur, are his co-authors.
This research investigates the potential direct impact of environmental, social, and governance factors (ESG) on organizational innovation and their role as isomorphic factors in multinational life sciences organizations. The researchers applied necessary condition analysis (NCA), using the R statistical tool to determine the direct impact of environmental (E), social (S), governance (G), and composite ESG factors on innovation, represented by research and development (R&D) expenditure across a sample of 86 multinational life sciences companies. It established that ESG factors have a positive impact on the innovation output of multinational firms in the life sciences industry, and also established that ESG factors act as isomorphic factors in the organization of multinational life sciences firms in implementing sustainability practices.