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The Mediating Role of Green Technology Innovation with Corporate Social Responsibility, Firm Financial, and Environmental Performance: The Case of Chinese Manufacturing Industries

Author

Listed:
  • Xiaoyang Xu

    (School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China)

  • Muhammad Imran

    (Faculty of Technology Management & Business, Universiti Tun Hussein Onn Malaysia, Parit Raja, Batu Pahat 86400, Malaysia)

  • Muhammad Ayaz

    (Department of Management Science, Qurtuba University of Science & Information Technology Peshawar Campus Khyber Pakhtunkhwa, Peshawar 25000, Pakistan
    Department of Business Administration, Fatima Jinnah Women University Rawalpindi, Rawalpindi 46000, Pakistan)

  • Sonia Lohana

    (Faculty of Technology Management & Business, Universiti Tun Hussein Onn Malaysia, Parit Raja, Batu Pahat 86400, Malaysia)

Abstract

This research aims to examine the relationship between corporate social responsibility (CSR), firm environmental performance (FEP), and firm financial performance (FFP), as well as how green technology innovation performs a mediating role in this relationship. The manufacturing firms listed on the Shenzhen Stock Exchanges were selected as the representative sample for the study, and data were gathered from 470 managers and directors of manufacturing firms using a simple random sampling technique. The response rate was 87%. For hypothesis testing, PLS-SEM was used. In addition, green technology innovation is a positive and significant mediator between corporate social responsibility and firm financial and environmental performance. This research provides useful implications for manufacturing firms’ managers, directors, and policymakers to improve corporate social responsibility (CSR) and green technology innovation in measuring the firm’s financial and environmental performance. The results also have several practical implications that may benefit the management of firms. They urge all of the organization’s stakeholders to consider investing in organizational social behavior and green innovation to enhance the manufacturing firms’ overall performance.

Suggested Citation

  • Xiaoyang Xu & Muhammad Imran & Muhammad Ayaz & Sonia Lohana, 2022. "The Mediating Role of Green Technology Innovation with Corporate Social Responsibility, Firm Financial, and Environmental Performance: The Case of Chinese Manufacturing Industries," Sustainability, MDPI, vol. 14(24), pages 1-20, December.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:24:p:16951-:d:1006695
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