The effects of corporate social responsibility on innovation and performance of firms in China: a structural equation model analysis

IF 17.7 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY Accounts of Chemical Research Pub Date : 2024-03-05 DOI:10.1108/nbri-04-2023-0038

Xiufeng Li, Zhen Zhang

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Abstract

Purpose This study aims to analyze and discuss the impact of corporate social responsibility (CSR) on firms’ performance, as well as to examine the interplay between CSR and the economy, society and innovation. Design/methodology/approach This paper collects data from 420 manufacturing firms across various geographical regions in China. By using a structural equation model, the paper investigates the impact of CSR on enterprise innovation, customer management capability, market competitiveness (MC) and firm financial performance. Findings The findings demonstrate that CSR performance positively contributes to enhancing the level of enterprise innovation, as well as customer management capability and market competitiveness. Furthermore, it assists enterprises in improving market competitiveness and elevating customer management capabilities. Thus, CSR can have a positive effect on the firm financial performance. Originality/value The outcomes presented in this paper offer valuable evidence regarding the influence of implementing CSR on different aspects of enterprise performance and innovation. Moreover, it provides practical recommendations for enterprises seeking to transition towards low-carbon practices and upgrade their manufacturing industry.

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企业社会责任对中国企业创新和绩效的影响：结构方程模型分析

目的本研究旨在分析和讨论企业社会责任（CSR）对企业绩效的影响，并探讨企业社会责任与经济、社会和创新之间的相互作用。研究结果研究结果表明，企业社会责任对提高企业创新水平、客户管理能力和市场竞争力具有积极的促进作用。此外，企业社会责任还有助于企业提高市场竞争力和客户管理能力。因此，企业社会责任可以对企业财务绩效产生积极影响。原创性/价值本文的研究成果为企业社会责任的实施对企业绩效和创新不同方面的影响提供了宝贵的证据。此外，本文还为寻求向低碳实践转型和制造业升级的企业提供了切实可行的建议。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.