摘要
This paper empirically examines how sustainability-oriented social responsibility influences corporate innovation quantity and radical innovation from the perspectives of environment-and employee-oriented social responsibility.Both forms of social responsibility are found to contribute significantly to corporate innovation.Corporate environment-oriented responsibility increases innovation by increasing R&D.Employee-oriented responsibility increases innovation by helping firms retain talent;by motivating employees,employeeoriented social responsibility promotes both innovation quantity and radical innovation.Furthermore,both environment-and employee-oriented responsibility can alleviate financing constraints,and the positive effects of environment-and employee-oriented responsibility on radical innovation and innovation quantity,respectively,increase total factor productivity.Following sustainable development theory,this paper analyzes the heterogeneous mechanisms of the influences of environment-and employee-oriented social responsibility on corporate innovation and provides empirical evidence of high-quality,innovation-driven corporate development through social responsibility.
基金
funded by grants from the National Social Science Foundation of China(No.18BG1062)
the Scientific Research Project of Liao Ning Provincial Department of Education(No.LJKR0429)
the Doctoral Research Project of Dongbei University of Finance and Economics(No.DUFEBY20200203).
