Corporate social responsibility and corporate innovation–The moderating role of CEO social capital

Peizhang Wang

Finance Research Letters, 2023, vol. 55, issue PA

Abstract: Whether and how CSR can influence corporate innovation is a question that has been stacked up recently. Based on panel data for Chinese listed companies from 2011 to 2020, we revisit the relationship between CSR and CI and further examine whether CEO social capital plays a role. The results show that the relationship between CSR and CI is non-linear, which still holds controlling for endogeneity and robustness tests, and that CEO social capital exerts a positive moderating effect on the impact of CSR on CI, but only at high levels of CEO social capital.

Keywords: CSR; Corporate innovation; CEO social capital; Non-linear effects, Moderating effect (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pa:s1544612323002350

DOI: 10.1016/j.frl.2023.103863

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