How corporate social responsibility affects firms' innovation capability: A perspective on information and resource effects

被引：5

作者：

Zhang, Wenjie ^{[1
]}

Zhang, Na ^{[2
]}

机构：

[1] Zhongnan Univ Econ & Law, Coll Accounting, Wuhan, Peoples R China

[2] Shanghai Lixin Univ Accounting & Finance, Sch Stat & Math, Shanghai, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2023年 / 55卷

关键词：

CSR; Innovation; Information asymmetry; Financing constraints; Value creation; FINANCIAL CONSTRAINTS;

D O I：

10.1016/j.frl.2023.103865

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Currently, with widespread attention from all walks of life, it has become a trend for companies to fulfil corporate social responsibility (CSR), but little is still known about how CSR affects firm innovation capability (FIC). Based on panel data of Chinese listed companies from 2010 to 2020, we empirically investigate how CSR affects FIC using econometrics and conclude the following: the relationship between CSR and FIC is inverted U-shaped, and the finding remains robust after controlling for endogeneity and heterogeneity. Alleviating financing constraints and reducing information asymmetry are confirmed to be two transmission channels through which CSR affects FIC.

引用

页数：8

共 50 条

[21] Digitalization and firms' innovation efficiency: Do corporate social responsibility and irresponsibility matter?
Zhong, Xi
Ren, Ge
[J]. JOURNAL OF TECHNOLOGY TRANSFER, 2024,
[22] The Impact of Innovation on the Firm Performance and Corporate Social Responsibility of Vietnamese Manufacturing Firms
Nguyen Thi Canh
Nguyen Thanh Liem
Phung Anh Thu
Nguyen Vinh Khuong
[J]. SUSTAINABILITY, 2019, 11 (13)
[23] The Impact of Corporate Social Responsibility on Firms' Innovation in China: The Role of Institutional Support
Ji, Huanyong
Xu, Guannan
Zhou, Yuan
Miao, Zhongzhen
[J]. SUSTAINABILITY, 2019, 11 (22)
[24] Corporate Social Responsibility and Family Firms
Li, Dan
[J]. PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND MANAGEMENT INNOVATION, 2015, 6 : 239 - 244
[25] How Firms Communicate Their Social Roles through Corporate Social Responsibility, Corporate Citizenship, and Corporate Sustainability: An Institutional Comparative Analysis of Firms' Social Reports
Lee, Tae Ho
[J]. INTERNATIONAL JOURNAL OF STRATEGIC COMMUNICATION, 2021, 15 (03) : 214 - 230
[26] Human Resource Practices for Corporate Social Responsibility: Evidence From Korean Firms
Bang, Se-Rin
Choi, Myeong-Cheol
Ahn, Ji-Young
[J]. FRONTIERS IN PSYCHOLOGY, 2022, 13
[27] How Corporate Social Responsibility Affects Corporate Reputation: Evidence from an Emerging Market
Vlastelica, Tamara
Kostic, Slavica Cicvaric
Okanovic, Milan
Milosavljevic, Milos
[J]. JOURNAL OF EAST EUROPEAN MANAGEMENT STUDIES, 2018, 23 (01) : 10 - 29
[28] How geographic diversification affects corporate social responsibility? The moderating effects of ownership and environmental regulation
Yi Zhang
Xinyuan Peng
Yuqi Li
Shuke Fu
[J]. Environmental Science and Pollution Research, 2022, 29 : 81658 - 81669
[29] An Integrated Model to Explain How Corporate Social Responsibility Affects Corporate Financial Performance
Lin, Chin-Shien
Chang, Ruei-Yuan
Van Thac Dang
[J]. SUSTAINABILITY, 2015, 7 (07): : 8292 - 8311
[30] How geographic diversification affects corporate social responsibility? The moderating effects of ownership and environmental regulation
Zhang, Yi
Peng, Xinyuan
Li, Yuqi
Fu, Shuke
[J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (54) : 81658 - 81669

← 1 2 3 4 5 →