Does corporate social responsibility influence corporate innovation? International evidence

Imed Chkir, Boushra El Haj Hassan, Hatem Rjiba () and Samir Saadi

Emerging Markets Review, 2021, vol. 46, issue C

Abstract: Whether corporate social responsibility (CSR) affects corporate innovation remains controversial in the literature. We re-examine this issue using a newly available comprehensive innovation database on 20 countries and find support for the view that CSR performance fosters innovation. This effect of CSR is reflected on corporate innovation through its environmental and social dimensions. We also show that the effect of CSR on corporate innovation is less pronounced in emerging countries, but this is driven only by the environmental dimension of CSR. Finally, in comparison to common-law countries, we report a more positive impact of CSR on innovation in civil-law countries.

Keywords: Corporate social responsibility (CSR); Innovation; Patents citations; Emerging countries (search for similar items in EconPapers)
JEL-codes: D8 G1 G3 O3 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:46:y:2021:i:c:s1566014120300777

DOI: 10.1016/j.ememar.2020.100746

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