Journal of Guizhou University of Finance and Economics

Journal of Guizhou University of Finance and Economics ›› 2019 ›› Issue (06): 66-75.

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Does Corporate Social Responsibility Have an Impact on Innovation?-Based on the Heterogeneity of R&D Investment and Nature of Property Right

GU Qun1,2, Wang Wen-wen1, ZHENG Yang3   

  1. 1. School of Accountancy, Tianjin University of Finance and Economics, Tianjin 300222, China;
    2. Co-Innovation Center for Intangible Asset Evaluation, Tianjin 300222, China;
    3. Ernst & Young, Beijing 100006, China
  • Received:2019-03-26 Online:2019-11-15 Published:2019-11-28

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Abstract: Takes a sample of all A-share listed companies from 2008 to 2017 to study the relationship between corporate social responsibility and corporate innovation and consider the impact of R&D investment heterogeneity and property heterogeneity. Research indicates:The performance of corporate social responsibility and the innovation activities of enterprises show a positive correlation;After considering the heterogeneity of R&D investment, the positive incentive effect of corporate social responsibility performance on the enterprise's exploratory innovation is greater;After considering the heterogeneity of ownership, the positive correlations of the overall innovation activities and exploratory innovation activities between corporate social responsibility performance are more obvious in non-state-owned enterprises.

Key words: corporate social responsibility, enterprise innovation, R&D heterogeneity, nature of property rights

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