Implementation of social responsibility in digital transformation: An opportunity or a challenge to corporate innovation performance

IF 8.3 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2024-10-17 DOI:10.1002/csr.2970

Guanglei Zhang, Qi Xie, Huangting Gao, Jintao Lu, Nicola Cucari

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Abstract

This study investigates the role of corporate social responsibility (CSR) in either facilitating or hindering the innovation performance of high-tech enterprises undergoing digital transformation. By empirically analyzing data from 11,107 high-tech enterprises listed on the Shanghai and Shenzhen stock exchanges between 2007 and 2020, the research aims to clarify the impact of CSR on corporate innovation. The results show a positive correlation between digital transformation and firm innovation performance. In addition, the study identifies a significant mediating effect of research and development (R&D) investment intensity, suggesting that increased R&D investment enhances the benefits of digital transformation. However, it also finds that CSR implementation negatively moderates this relationship, suggesting that an excessive focus on CSR can be economically burdensome and potentially detrimental to innovation efforts. These findings provide valuable insights into the complex interplay between digital transformation, R&D investment, and CSR in high-tech firms.

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.