Does environmental corporate social responsibility (ECSR) promote green product and process innovation?

被引:20
作者
Li, Dongdong [1 ]
Wang, Leonard F. S. [2 ]
机构
[1] Northwestern Polytech Univ, Sch Publ Policy & Adm, Xian, Peoples R China
[2] Zhongnan Univ Econ & Law, Wenlan Sch Business, Wuhan 430073, Hubei, Peoples R China
关键词
RESEARCH-AND-DEVELOPMENT; FIRM; MONOPOLY; PERFORMANCE; MARKET; CSR; DYNAMICS;
D O I
10.1002/mde.3464
中图分类号
F [经济];
学科分类号
02 ;
摘要
We develop a dynamic model to investigate the effects of environmental corporate social responsibility (ECSR) on a monopolist's investments in green product and process innovation. We find that ECSR increases the steady-state investments of green product and process innovation only when the weight a firm gives to pollution is large, while ECSR does not affect the complementarity (substitutability) relationship between green product and process innovation in the long run. To achieve a socially optimal investment in green product innovation, the government should urge the firm to pay more attention to the environment than to the consumer surplus.
引用
收藏
页码:1439 / 1447
页数:9
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