Enhancing green total factor productivity through corporate social responsibility: The moderating effect of environmental regulations
Year: 2024
Type: article
Abstract: Drawing on a comprehensive dataset spanning from 2012 to 2022, this paper delves into the relationship between corporate social responsibility (CSR) and green total factor productivity (GTFP) among A-share listed manufacturing companies in China. Our findings underscore the pivotal role of CSR in bolstering GTFP, thereby fostering environmental sustainability. Notably, we observe that environmental regulations serve as a catalyst, positively amplifying the beneficial impact of CSR on GTFP. Furthermore, in pursuit of fulfilling their CSR commitments, firms have increased their investments in research and development (R&D), a strategic move that has significantly enhanced their GTFP performance.
Source: Finance research letters
Authors: Zetong Li, Jingjie Cao
Institution: Harbin Engineering University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,350
OpenAlex ID: W4404489983