Does corporate engagement in social responsibility affect firm innovation? The mediating role of digital transformation

Bui Quang Tuyen, Do Vu Phuong Anh, Nguyen Phuong Mai and To Quang Long

International Review of Economics & Finance, 2023, vol. 84, issue C, 292-303

Abstract: The literature is divided on whether corporate social responsibility (CSR) has an impact on firm innovation. For the first time in the Vietnamese context, using a quantile technique with panel data, this study investigates the types of corporate social responsibility (CSR) and their effects on business innovation. In this article, external and internal forms of CSR are found to be interconnected, and their adoption results in supercharged innovative performance. This research also adds to our knowledge of how digital transformation affects CSR and corporate innovation, implying a favorable relationship between CSR, digital transformation, and firm innovation. This means that even if effective institutions are lacking, firms can still be innovative by adopting CSR practices and adapting to changes in the digital world.

Keywords: Corporate social responsibility; Firm performance; Innovation; Digital transformation; Vietnam (search for similar items in EconPapers)
JEL-codes: L21 L26 M14 M15 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:84:y:2023:i:c:p:292-303

DOI: 10.1016/j.iref.2022.11.005

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