Corporate Social Responsibility and Innovation Input: An Empirical Study Based on Propensity Score-Matching and Quantile Models

Linsheng Chen, Siew Hoon Lim, Shiwei Xu () and Ying Liu
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Linsheng Chen: College of Economics and Management, Shanghai Ocean University, 999 Huchenghuan Road, Shanghai 201306, China
Shiwei Xu: College of Business, Shanghai University of Finance and Economics, Shanghai 200433, China
Ying Liu: School of Business Administration, Guangxi Vocational and Technical Institute of Industry, 37 Xiuling Road, Nanning 530001, China

Sustainability, 2022, vol. 15, issue 1, 1-16

Abstract: Social responsibility performance and innovation investment are two important aspects of corporate strategy, and there is no consensus as to whether they are competing or complementary goals in an enterprise. Using propensity score-matching, ordinary least squares, and quantile regression, the study shows that the voluntary disclosure of social responsibility by enterprises will increase innovation investment. In other words, corporate social responsibility has a significant positive impact on innovation and investment; however, with the increase in enterprise innovation investment, this impact gradually weakens.

Keywords: corporate social responsibility; innovation input; tendency score-matching; quantile regression (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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