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Corporate Social Responsibility and Innovation Input: An Empirical Study Based on Propensity Score-Matching and Quantile Models

Author

Listed:
  • Linsheng Chen

    (College of Economics and Management, Shanghai Ocean University, 999 Huchenghuan Road, Shanghai 201306, China)

  • Siew Hoon Lim

    (Department of Agribusiness and Applied Economics, North Dakota State University Fargo, Fargo, ND 58108-6060, USA)

  • Shiwei Xu

    (College of Business, Shanghai University of Finance and Economics, Shanghai 200433, China)

  • Ying Liu

    (School of Business Administration, Guangxi Vocational and Technical Institute of Industry, 37 Xiuling Road, Nanning 530001, China)

Abstract

Social responsibility performance and innovation investment are two important aspects of corporate strategy, and there is no consensus as to whether they are competing or complementary goals in an enterprise. Using propensity score-matching, ordinary least squares, and quantile regression, the study shows that the voluntary disclosure of social responsibility by enterprises will increase innovation investment. In other words, corporate social responsibility has a significant positive impact on innovation and investment; however, with the increase in enterprise innovation investment, this impact gradually weakens.

Suggested Citation

  • Linsheng Chen & Siew Hoon Lim & Shiwei Xu & Ying Liu, 2022. "Corporate Social Responsibility and Innovation Input: An Empirical Study Based on Propensity Score-Matching and Quantile Models," Sustainability, MDPI, vol. 15(1), pages 1-16, December.
    • Handle: RePEc:gam:jsusta:v:15:y:2022:i:1:p:671-:d:1020466
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    References listed on IDEAS

    as
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