{"title":"Are sustainable firms more innovative? The case of China","authors":"Kohei Mitsunami , Miwa Nakai","doi":"10.1016/j.japwor.2024.101238","DOIUrl":null,"url":null,"abstract":"<div><p>Although the impact of corporate social responsibility (CSR) on business and market performance has been getting attention in China, its influence on innovation outcomes has not been fully investigated. This study utilises patent information and CSR measurements from Orbis and Refinitiv, respectively, and empirically investigates the determinants of corporate innovation, focusing specifically on the influence of CSR. We find a positive relationship between CSR and innovation outcomes, namely patent applications and patents granted, which are also found in developed countries. Furthermore, our findings provide new insights into inconclusive factors such as the impact of Chinese economic policies or government ties on innovation performance. In particular, we find that government-owned firms no longer have a relative advantage in innovation.</p></div>","PeriodicalId":46744,"journal":{"name":"Japan and the World Economy","volume":"69 ","pages":"Article 101238"},"PeriodicalIF":1.3000,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Japan and the World Economy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S092214252400001X","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Although the impact of corporate social responsibility (CSR) on business and market performance has been getting attention in China, its influence on innovation outcomes has not been fully investigated. This study utilises patent information and CSR measurements from Orbis and Refinitiv, respectively, and empirically investigates the determinants of corporate innovation, focusing specifically on the influence of CSR. We find a positive relationship between CSR and innovation outcomes, namely patent applications and patents granted, which are also found in developed countries. Furthermore, our findings provide new insights into inconclusive factors such as the impact of Chinese economic policies or government ties on innovation performance. In particular, we find that government-owned firms no longer have a relative advantage in innovation.
尽管企业社会责任（CSR）对企业和市场绩效的影响在中国一直备受关注，但其对创新成果的影响尚未得到充分研究。本研究利用 Orbis 和 Refinitiv 分别提供的专利信息和企业社会责任测量数据，对企业创新的决定因素进行了实证研究，并特别关注了企业社会责任的影响。我们发现，企业社会责任与创新成果（即专利申请和专利授权）之间存在正相关关系，这在发达国家也同样存在。此外，我们的研究结果还为中国经济政策或政府关系对创新绩效的影响等尚无定论的因素提供了新的见解。特别是，我们发现政府所有企业在创新方面不再具有相对优势。
期刊介绍：
The increase in Japan share of international trade and financial transactions has had a major impact on the world economy in general and on the U.S. economy in particular. The new economic interdependence between Japan and its trading partners created a variety of problems and so raised many issues that require further study. Japan and the World Economy will publish original research in economics, finance, managerial sciences, and marketing that express these concerns.
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