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The Effects of Technology Innovation Activity on CSR: Emphasizing the Nonlinear and Heterogenous Effects

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  • Hyunchul Lee

    (Division of Business Administration, Chosun University, Gwangju 61452, Korea)

  • Kyungtag Lee

    (School of Business, Yeungnam University, Gyeongsan 38541, Korea)

Abstract

In this study, we systematically investigate several effects of technology innovation activity (TIA)—proxied by Korean listed corporations’ research and development investment—on the performance of corporate social responsibility (CSR) for sustainable corporate growth and value. We find that corporate TIA positively contributes to an increase in CSR performance. Furthermore, our quantile regression estimations point to a heterogeneous effect of TIA, with a significant positive impact on CSR performance at the middle and higher quantiles of the distribution of the dependent variable of CSR performance. Interestingly, we capture a U-shaped nonlinear effect of TIA on the CSR performance of Korean listed corporations. Our findings alert researchers and managers to the importance of a better understanding of the relationship between CSR and TIA for sustainable corporate growth and value.

Suggested Citation

  • Hyunchul Lee & Kyungtag Lee, 2021. "The Effects of Technology Innovation Activity on CSR: Emphasizing the Nonlinear and Heterogenous Effects," Sustainability, MDPI, vol. 13(19), pages 1-13, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:19:p:10893-:d:647660
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    Cited by:

    1. Hyunchul Lee & Kyungtag Lee & Jong Ha Lee, 2021. "The Various Effects of Technology Trade on the Sustainable Market Value of Firms in OECD Countries," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    2. Jinsu Kim & Hyunchul Lee, 2023. "How Does Corporate Innovation Affect Sustainable Business Investment?," Sustainability, MDPI, vol. 15(18), pages 1-14, September.

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