The effect of corporate social responsibility on total factor productivity: Insights into managerial myopia and innovation mediation

Yabin Sun

Finance Research Letters, 2025, vol. 75, issue C

Abstract: This paper investigates the impact of Corporate Social Responsibility (CSR) on total factor productivity (TFP) within firms and the underlying mechanisms of this relationship, while also examining the moderating role of managerial myopia. Utilizing data from China's A-share listed companies spanning the years 2012 to 2022, our study reveals a positive correlation between robust CSR practices and increased TFP, demonstrating that socially responsible behavior positively influences the economic efficiency of enterprises. Notably, managerial myopia is found to significantly diminish this positive effect. Furthermore, our analysis indicates that CSR fosters enhanced innovation performance among firms, which in turn elevates their TFP. These findings highlight the significance of CSR and underscore the necessity for firms to mitigate managerial myopia in order to achieve long-term sustainable development.

Keywords: Corporate social responsibility; Managerial myopia; Total factor productivity (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325001199
Full text for ScienceDirect subscribers only

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:eee:finlet:v:75:y:2025:i:c:s1544612325001199

DOI: 10.1016/j.frl.2025.106854

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().