Employee-related corporate social responsibilities and corporate innovation: Evidence from China

Baohua Liu, Pei-Yu Sun and Yongliang Zeng

International Review of Economics & Finance, 2020, vol. 70, issue C, 357-372

Abstract: This study investigates corporate innovation from the perspective of a firm’s employee-related corporate social responsibility (CSR) in China. We find that more employee-related CSR generates more innovation success. The results suggest that a firm’s incentive to offer better employee-related CSR is an important determinant of its innovation. The positive effect is more pronounced when employees’ input into innovation is more important, and when free-riding among employees is stronger. Additional tests indicate that more employee-related CSR spurs innovation through employee stability and innovation efficiency. Our results hold up to a variety of model specifications and endogeneity issues.

Keywords: Employee-related CSR; Innovation; Disclosure (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:70:y:2020:i:c:p:357-372

DOI: 10.1016/j.iref.2020.07.008

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