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A study of corporate social responsibility and innovation: Evidence from US firms / TIANYI WANG

Swansea University Author: TIANYI WANG

  • E-Thesis under embargo until: 1st September 2024

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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Published: Swansea, Wales, UK 2023
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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first_indexed 2023-09-27T15:11:42Z
last_indexed 2023-09-27T15:11:42Z
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spelling v2 64631 2023-09-27 A study of corporate social responsibility and innovation: Evidence from US firms 6b0125bbb2b41d3625707ea7c4c809c0 TIANYI WANG TIANYI WANG true false 2023-09-27 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. E-Thesis Swansea, Wales, UK Corporate finance, agency theory, CSR, innovation 27 9 2023 2023-09-27 10.23889/SUthesis.64631 COLLEGE NANME COLLEGE CODE Swansea University Cai, Yuzhi. and Liu, Xicheng. Doctoral Ph.D 2023-10-20T16:59:30.6562621 2023-09-27T16:02:58.7883651 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance TIANYI WANG 1 Under embargo Under embargo 2023-09-27T16:12:25.1638427 Output 2802813 application/pdf E-Thesis true 2024-09-01T00:00:00.0000000 Copyright: The Author, Tianyi Wang, 2023. true eng
title A study of corporate social responsibility and innovation: Evidence from US firms
spellingShingle A study of corporate social responsibility and innovation: Evidence from US firms
TIANYI WANG
title_short A study of corporate social responsibility and innovation: Evidence from US firms
title_full A study of corporate social responsibility and innovation: Evidence from US firms
title_fullStr A study of corporate social responsibility and innovation: Evidence from US firms
title_full_unstemmed A study of corporate social responsibility and innovation: Evidence from US firms
title_sort A study of corporate social responsibility and innovation: Evidence from US firms
author_id_str_mv 6b0125bbb2b41d3625707ea7c4c809c0
author_id_fullname_str_mv 6b0125bbb2b41d3625707ea7c4c809c0_***_TIANYI WANG
author TIANYI WANG
author2 TIANYI WANG
format E-Thesis
publishDate 2023
institution Swansea University
doi_str_mv 10.23889/SUthesis.64631
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 0
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description 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.
published_date 2023-09-27T16:59:32Z
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score 11.012678

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