RT Article
T1 How do corporate social responsibility and innovation co-evolve with organizational forms?: evidence from a transitional economy
JF Journal of business ethics
VO 186
IS 4
SP 815
OP 829
A1 Hu, Helen Wei
A2 Zhang, Jiamin
LA English
YR 2023
UL https://ixtheo.de/Record/1858904854
AB How do corporate social responsibility (CSR) disclosure and innovation investment co-evolve with organizational forms to affect firm market value? To address this question, we draw on the co-evolutionary perspective and theorize that the contingency effect of CSR reporting is more pronounced for firms with high uncertainty and low legitimacy by comparing start-up firms vs. established firms and privately owned enterprises (POEs) versus state-owned enterprises (SOEs). Moreover, taking a dynamic approach, we propose that the effects of CSR and innovation investment on market value change when the organizational form transitions over time. Specifically, we argue that when start-up firms transitioned to established firms or when POEs were transformed from SOEs, the strengthening effects of CSR reporting become less pronounced. We test our theory using panel data on 2204 Chinese listed firms for the period of 2008-2017.
K1 CSR reporting
K1 China
K1 Co-evolutionary perspective
K1 R&D investment
K1 Aufsatz in Zeitschrift
DO 10.1007/s10551-023-05435-8