Does corporate social responsibility influence corporate innovation? International evidence

Chkir, Imed; Hassan, Boushra El Haj; Rjiba, Hatem; Saadi, Samir

doi:10.1016/j.ememar.2020.100746

Cited by 75 publications

(64 citation statements)

References 59 publications

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“…This is consistent with recent findings by Zhou et al [69], suggesting CSR had a positive effect on service and product innovation of manufacturing companies in China. Similarly, a recent study conducted using multi-national sample suggested that the impact of CSR on corporate innovation is more pronounced in developed countries including Korea [70]. Likewise, these CSR-oriented corporate innovation activities fulfill environmental and social goals by offering innovative products and services and building corporate value.…”

Section: Discussionmentioning

confidence: 93%

Corporate Social Responsibility, CEO Compensation Structure, and Corporate Innovation Activities

2021

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This study empirically investigated the economic effect of CSR initiatives on innovation by examining Korean firms. Our primary objective of this study was to explore how a CEO compensation system can affect the CSR-innovation relationship. An integrated model of the impact of CSR on innovation activities was developed through analyzing various CEO compensation components such as structure, type, mix, and distribution. We identified the CEO compensation system that more suitably supports CSR in driving innovation performance improvement, and empirically examined a compensation system that enhances corporate innovation by creating a good alignment with CSR. Using a longitudinal data, we empirically tested the interactive effect of a CSR and compensation system of CEO in Korean publicly traded companies. Our empirical findings concerning the interaction between CSR strategies and CEO compensation schemes hold practical implications for establishing and implementing a suitable human resource system to improve organizational competitiveness.

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Section: Discussionmentioning

confidence: 93%

Corporate Social Responsibility, CEO Compensation Structure, and Corporate Innovation Activities

2021

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“…There is growing literature devoted to exploring the influence of CSR on firm innovation (Luo & Du, 2015). Scholars believe that CSR benefits a company's innovation activities by enhancing their interactions with stakeholders (Luo & Du, 2015), increasing their R&D resources (Song et al, 2019), and generating a positive attitude of R&D activities among the corporate leadership (Chkir et al, 2020). The existing literature indicates that CSR increases R&D investment (Luo & Du, 2015) or reduces R&D input (Gallego‐Alvarez et al, 2011), increases patents (Wu et al, 2018), introduces new products (Murcia, 2020; Song et al, 2019), and further boosts various types of R&D outputs, such as responsible innovations (Hadj, 2020) and eco‐innovations (Pan et al, 2020).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Dual function of corporate social responsibility on R&D strategy: Moderating effect of board interlock

Tian

Wang

2021

Manage Decis Econ

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Corporate social responsibility (CSR) has been known as a strategic factor that drives enterprises to innovate. However, the current scholarship has largely overlooked the influence of CSR on R&D strategy. This paper investigates the dual function of CSR on R&D strategy from resource and risk perspectives. By using an unbalanced panel dataset compiled from multiple archival sources of Chinese‐listed companies, this paper examines the influence of CSR on R&D strategy (depth and diversification) and the moderating function of board interlock. The results indicate that a U‐shaped relationship exists between CSR and R&D depth as well as between CSR and R&D diversification. Furthermore, board interlock moderates the relationship between CSR and R&D depth.

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“…This study is unlike studies that provide evidence from a single-country context, as conducting a study using a global data set provides an in-depth investigation of whether the effect of ESG on innovation is different due to specific country-level factors such as economic development. Chkir et al [2] stated that the literature on CSR and innovations is dominated for developed countries, with limited studies focused on emerging economies. A study done by Visser [29] argued that CSR emerging countries is still in its reactive stage compared to developed economies in a proactive stage.…”

Section: P-issn : 2685-9106 E-issn : 2686-0384 Adi International Conf...mentioning

confidence: 99%

Do ESG Strategies Foster or Impede Corporate Innovation: Evidence from Asia-Pacific

Al-Jaifi

2021

conferenceseries

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This study examines the joint and separate effects of Environmental (E), Social (S), and Governance (G) scores on corporate innovation. Using a 5,566 yearly-firms observation from listed firms operating in the Asia Pacific region over 2011–2020, the study finds that the aggregate ESG score and its two sub-pillars (social and governance) have insignificant impacts on corporate innovations. However, environmental activities have a significant and negative impact on corporate innovation. This finding implies that environmental activities stipulate corporate innovation as it deviates firms’ resources from the value-added activities that enhance innovation. Hence, firms need to consider the trade-off between engaging highly in environmental activities and impeding corporate innovation. These findings enrich the literature of ESG and innovation and provide valuable information for firms and their stakeholders, including regulators.

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Does corporate social responsibility influence corporate innovation? International evidence

Cited by 75 publications

References 59 publications

Corporate Social Responsibility, CEO Compensation Structure, and Corporate Innovation Activities

Corporate Social Responsibility, CEO Compensation Structure, and Corporate Innovation Activities

Dual function of corporate social responsibility on R&D strategy: Moderating effect of board interlock

Do ESG Strategies Foster or Impede Corporate Innovation: Evidence from Asia-Pacific

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