The Effect of Corporate Social Responsibility and Public Attention on Innovation Performance: Evidence from High-polluting Industries

Wang, Wei; Zhao, Xinyang; Chen, Fengwen; Wu, Chia‐Huei; Tsai, Sang‐Bing; Wang, Jiangtao

doi:10.3390/ijerph16203939

Cited by 33 publications

(25 citation statements)

References 62 publications

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“…The improvement of CSR performance helps to obtain the information and resources needed in the process of technological innovation [50,51]. Wang et al (2019) [52] believe that there is a positive association between CSR and innovation performance in high-polluting firms. Under the circumstance that enterprises choose CSR as a competitive tool, CSR has a significant and positive effect on innovation performance [53].…”

Section: Internal Control Csr and Innovation Performancementioning

confidence: 99%

The effectiveness of internal control and innovation performance: An intermediary effect based on corporate social responsibility

Xiao

2020

PLoS ONE

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From the perspective of the effectiveness of internal control, this study analyzes the influence of internal control on innovation performance and internal control on corporate social responsibility (CSR), and then analyzes the intermediary effect of CSR between internal control and innovation performance. The results show that the improvement of the effectiveness of internal control has a significant promoting effect on innovation performance, and promotes enterprises to strengthen CSR performance. Meanwhile, CSR activities take a significant intermediary effect in the process of improving innovation performance through internal control. Finally, it is suggested that state-owned enterprises and non-state-owned enterprises should communicate and cooperate, strengthen the construction of internal control system, and improve innovation performance and CSR practices. Furthermore, the intermediary effect of CSR activities in the process of improving innovation performance through internal control should be brought into play, so as to return the expectations and demands of stakeholders.

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Section: Internal Control Csr and Innovation Performancementioning

confidence: 99%

The effectiveness of internal control and innovation performance: An intermediary effect based on corporate social responsibility

Xiao

2020

PLoS ONE

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“…The benefits of green innovation are strategic and long term [31,58]. Second, green innovation strategies allow firms to reduce their emission levels below the policy requirements, which will reduce the cost of compliance with regulations [29], or increase additional revenue through pollutant disposal [31]. Last, green innovation helps firms obtain a good social reputation based on the environment.…”

Section: Impetus For Green Technological Innovationmentioning

confidence: 99%

“…Green technological innovation is an important way for firms to gain a competitive advantage [28]. Possible benefits of green technological innovation include reduced cost of compliance with regulations [29], improved labor productivity and resource efficiency [30], and product differentiation [31]. These benefits can enhance the competitive advantage of firms.…”

Section: Introductionmentioning

confidence: 99%

Labor Costs, Market Environment and Green Technological Innovation: Evidence from High-Pollution Firms

Gong

Chen

et al. 2020

IJERPH

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Emerging economies face the challenge of increasing labor costs but also provide an opportunity to promote environmental governance and green development. Based on the perspectives of impetus and capability, the effects of rising labor costs and market environment on green technological innovation are investigated in this study. The empirical studies used the data of high-pollution firms in China from 2009 to 2018. Results demonstrate that rising labor costs deteriorates high-pollution firm performance, while highly competitive industries are affected more than other industries. Meanwhile, the influence of rising labor costs on green technological innovation has a threshold effect which illustrates an “inversely U-shaped” variation trend with the increase of degree of market monopoly. The labor costs will make biggest impact on the green technological innovation in the moderately concentrated market environment. Basing from these results, this study provides the following suggestions for emerging economies’ green development: Take rising labor cost as an opportunity to advance technological progress to the green direction, establish a sound market competition environment, and develop green finance to reduce the financing constraints of green technological innovation.

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“…Following prior studies, this study selects control variables from organizational characteristics, corporate finance, and corporate governance which can affect the corporate innovation [ 49 , 50 ]. The control variables include return on assets, leverage, company, company, asset turnover, Tobin Q, current assets, company growth, proportion of independent directors, and shareholding ratio of top three shareholding.…”

Section: Methodsmentioning

confidence: 99%

How High-Polluting Firms Suffer from Being Distracted form Intended Purpose: A Corporate Social Responsibility Perspective

Zhao

Chen

et al. 2020

IJERPH

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High-polluting industries are regarded as the main sources of air pollutant emissions and the major factors that significantly destroy the ecological environment. Corporate innovation in high-polluting industries improves the energy consumption efficiency and reduces the emission of air pollutant, which mitigates the conflict between environment and economy. Using the sample of China’s listed firms from 2010 to 2017, this study examines the impact of corporate social responsibility (CSR) and financialization on corporate innovation in high-polluting industries. The results show that there is a positive association between CSR and corporate innovation, while there is a negative association between financialization and corporate innovation. Furthermore, the financialization of high-polluting firms can alleviate the promotion role of CSR in the innovation process. The financialization of state-owned enterprises in high-polluting industries may not have a crowding-out effect on research and development (R&D), but it can limit the R&D promotion effect of CSR engagements. In contrast, the financialization of non-state-owned enterprises will hinder corporate innovation, but it will not affect the association between CSR and technology innovation. We also find that the financialization of high-polluting firms with low financial constraints can alleviate the promotion role of CSR engagements in innovation. Meanwhile, the CSR engagements of high-polluting firms with high financial constraints play a stronger role in corporate innovation. During the implementation of environmental policies, the negative association between financialization and corporate innovation has been strengthened. Our findings can encourage high-polluting firms to make more efforts in environmental protection and social stability.

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The Effect of Corporate Social Responsibility and Public Attention on Innovation Performance: Evidence from High-polluting Industries

Cited by 33 publications

References 62 publications

The effectiveness of internal control and innovation performance: An intermediary effect based on corporate social responsibility

The effectiveness of internal control and innovation performance: An intermediary effect based on corporate social responsibility

Labor Costs, Market Environment and Green Technological Innovation: Evidence from High-Pollution Firms

How High-Polluting Firms Suffer from Being Distracted form Intended Purpose: A Corporate Social Responsibility Perspective

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