The Effect of Corporate Social Responsibility and Public Attention on Innovation Performance: Evidence from High-polluting Industries

被引:32
作者
Wang, Wei [1 ]
Zhao, Xue-Zhou [1 ]
Chen, Feng-Wen [2 ]
Wu, Chia-Huei [3 ]
Tsai, Sangbing [4 ]
Wang, Jiangtao [4 ]
机构
[1] Nanjing Univ, Sch Management & Engn, Nanjing 210093, Jiangsu, Peoples R China
[2] Chongqing Univ, Sch Econ & Business Adm, Chongqing 400030, Peoples R China
[3] Minghsin Univ Sci Technol, Inst Serv Ind & Management, Hsinchu 300, Taiwan
[4] Univ Elect Sci & Technol China, Zhongshan Inst, Zhongshan 528400, Peoples R China
基金
中国国家自然科学基金;
关键词
corporate social responsibility; public attention; innovation performance; environmental benefit; environmental quality; high-polluting industries; technology; ENVIRONMENTAL PERFORMANCE; KNOWLEDGE SOURCES; FIRM PERFORMANCE; GREEN INNOVATION; MODERATING ROLE; CSR; ORIENTATION; COOPERATION; NETWORKS; SUPPORT;
D O I
10.3390/ijerph16203939
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
High-polluting industries are important sources of pollutant emissions, and closely related to many environmental issues. High-polluting firms face the pressure to exploit technological innovation for improving their environmental operations. This paper explores the impact of corporate social responsibility and public attention on the innovation performance of high-polluting firms. Based on a sample of China's listed firms in high-polluting industries from 2011 to 2016, we use a panel data model to investigate the associations among corporate social responsibility, public attention and innovation performance. The results show that there is a positive association between corporate social responsibility and innovation performance. There is a positive association between public attention and innovation performance as well. The pressure of regional economies can hinder innovation performance. Furthermore, in the subsample of state-owned enterprises, the association between public attention and innovation performance is more pronounced. Meanwhile, the corporate social responsibility of non-state-owned enterprises plays a stronger role for innovation performance, but its effect will be limited by the pressure of regional economies. Our results can help high-polluting firms implement the innovation strategies for obtaining more environmental benefits and achieving sustainable development.
引用
收藏
页数:20
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