Dual function of corporate social responsibility on R&D strategy: Moderating effect of board interlock

Ming Tian, Teng Wang and Xiaotong Li

Managerial and Decision Economics, 2021, vol. 42, issue 6, 1492-1508

Abstract: Corporate social responsibility (CSR) has been known as a strategic factor that drives enterprises to innovate. However, the current scholarship has largely overlooked the influence of CSR on R&D strategy. This paper investigates the dual function of CSR on R&D strategy from resource and risk perspectives. By using an unbalanced panel dataset compiled from multiple archival sources of Chinese‐listed companies, this paper examines the influence of CSR on R&D strategy (depth and diversification) and the moderating function of board interlock. The results indicate that a U‐shaped relationship exists between CSR and R&D depth as well as between CSR and R&D diversification. Furthermore, board interlock moderates the relationship between CSR and R&D depth.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.1002/mde.3322

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:42:y:2021:i:6:p:1492-1508

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().