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

Authors: Hoang Bui; Zoltán Krajcsák

Addresses: Doctoral School of Entrepreneurship and Business, Budapest Business School, 1055 Budapest, Markó Street 29-31, Hungary ' Department of Management, Budapest Business School, 1149 Budapest, Buzogány Street 10-12, Hungary

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

Keywords: corporate government; financial performance; sustainability innovation.

DOI: 10.1504/IJBIR.2025.146997

International Journal of Business Innovation and Research, 2025 Vol.37 No.2, pp.273 - 286

Received: 20 Apr 2022
Accepted: 14 Jul 2022
Published online: 10 Jul 2025 *

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