A Literature Review of Innovation and Corporate Social Responsibilities

Abstract

In recent years, research on the relationship between innovation and corporate social responsibility (CSR) has become the primary focus of the relationship between the enterprises, society and ecological environment. An increasing number of scholars have had in-depth discussion on the balance between financial profits and social value creation. This article draws data from the foreign database Web of Science (WOS), and uses the visual analysis software citespace to get a knowledge map of the literature. Through quantitative analysis, multidisciplinary analysis, and co-citation analysis of the literature, among which, co-citation analysis refers to keyword co-occurrence analysis, etc., the frontier characteristics, research hotspots and future trends of the relationship between innovation and CSR have been initially formed. The research results support the conclusions that: Firstly, the research on the relationship between innovation and CSR has been gradually expanded, and the impetus and influence of external factors on innovation has gradually given way to the combined effect of internal factors; secondly, the expanded definition of CSR has enriched the knowledge basis for research, however selecting many indicators has become a problem for the related research; and finally, this article has summarized the research standards and research perspectives on innovation and CSR and analyzed the research prospects in related fields.