E-Thesis 449 views 23 downloads
A study of corporate social responsibility and innovation: Evidence from US firms / TIANYI WANG
Swansea University Author: TIANYI WANG
DOI (Published version): 10.23889/SUthesis.64631
Abstract
This thesis studies the relation between corporate social responsibility and innovation. We discuss the effect based on different corporate social responsibility types which are institutional corporate social responsibility and technical corporate responsibility. Innovation is measured on both quant...
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Swansea, Wales, UK
2023
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| Institution: | Swansea University |
| Degree level: | Doctoral |
| Degree name: | Ph.D |
| Supervisor: | Cai, Yuzhi. and Liu, Xicheng. |
| URI: | https://cronfa.swan.ac.uk/Record/cronfa64631 |
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| Abstract: |
This thesis studies the relation between corporate social responsibility and innovation. We discuss the effect based on different corporate social responsibility types which are institutional corporate social responsibility and technical corporate responsibility. Innovation is measured on both quantity level which is measured by the number of patents and quality level which is measured by the number of citations. This thesis also discusses the effects on corporate social responsibility and innovation from CEO education background perspectives. We employ ordinary least square and quantile estimation model in baseline regression. In addition, we employ propensity score matching approach and instrumental variable approach to address endogeneity concerns. Moreover, this thesis also involves how to apply propensity score matching approach and instrumental variable approach in quantile regression. We get the results as following: (1) corporate social responsibility generally has positive effect on innovation on both quality and quantity levels; (2) institutional corporate social responsibility conductive innovation on two levels; (3) technical corporate social responsibility inhibit innovation on both levels; (4) the effect of different corporate social responsibility types on innovation only affect firms with higher innovation outputs counts and better innovation outputs quality; (4) CEO with MBA degree promote corporate social responsibility and institutional corporate social responsibility for firms with higher corporate social responsibility scores; (5) CEO with later bachelor’s degree awarded year tend to choose technical corporate social responsibility for the firms with lower technical corporate social responsibility scores; (6) the earlier CEO has MBA awarded year the better for firm have a good innovation quality; (7) and the earlier CEO has bachelor awarded year the better innovation performance for the firms with good innovation condition on both quality and quantity level. |
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| Keywords: |
Corporate finance, agency theory, CSR, innovation |
| College: |
Faculty of Humanities and Social Sciences |