Economic policy uncertainty and green innovation: Does corporate social responsibility matter?

Haiyang Yu and Haisong Chen

Finance Research Letters, 2023, vol. 58, issue PC

Abstract: This research examines the relationship between economic policy uncertainty and green innovation, highlighting the mediating effect of corporate social responsibility. The results indicate a pronounced negative correlation between the two, with firms reducing green efforts during periods of heightened policy uncertainty. However, higher corporate social responsibility ratings moderate this effect, highlighting firms' unwavering commitment to green initiatives in the face of uncertainty. The findings advocate for prudent policymaking and promotion of corporate social responsibility to support green efforts amidst fluctuating economic scenarios.

Keywords: Uncertainty; Green innovation; Corporate social responsibility; Moderating effect; Manufacturing industry (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323010218

DOI: 10.1016/j.frl.2023.104649

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