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Influence mechanisms of drug safety: Government regulation and corporate social responsibility perspectives

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  • Anxia Wan
  • Xuan Zhao
  • Xin Sheng
  • Benhong Peng

Abstract

In view of the current status of government regulation (GR) failure and corporate social responsibility (CSR) deficiency of medicines in China, studies on the influence mechanism of drug safety are needed. In the paper, we design a questionnaire to survey the GR and CSR of drug safety in China. Structural equation model (SEM) based on the questionnaire outcomes is performed to evaluate the multivariate relationships among GR, CSR, and drug safety. The role of extrinsic and intrinsic factors influencing the level of drug safety is elaborated. The results illustrate that GR has a direct impact on drug safety.

Suggested Citation

  • Anxia Wan & Xuan Zhao & Xin Sheng & Benhong Peng, 2023. "Influence mechanisms of drug safety: Government regulation and corporate social responsibility perspectives," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 978-987, March.
    • Handle: RePEc:wly:mgtdec:v:44:y:2023:i:2:p:978-987
    DOI: 10.1002/mde.3725
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    References listed on IDEAS

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    1. Kong, Dongmin, 2012. "Does corporate social responsibility matter in the food industry? Evidence from a nature experiment in China," Food Policy, Elsevier, vol. 37(3), pages 323-334.
    2. Elahi, Ehsan & Khalid, Zainab & Zhang, Zhixin, 2022. "Understanding farmers’ intention and willingness to install renewable energy technology: A solution to reduce the environmental emissions of agriculture," Applied Energy, Elsevier, vol. 309(C).
    3. Ladina Caduff & Thomas Bernauer, 2006. "Managing Risk and Regulation in European Food Safety Governance," Review of Policy Research, Policy Studies Organization, vol. 23(1), pages 153-168, January.
    4. Elena Fagotto, 2014. "Private roles in food safety provision: the law and economics of private food safety," European Journal of Law and Economics, Springer, vol. 37(1), pages 83-109, February.
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