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Does digitization drive corporate social responsibility?

Author

Listed:
  • Jiang, Wei
  • Wu, Jiahao
  • Yang, Xiaozhong

Abstract

This study investigates the effect of firm-level digitization on corporate social responsibility (CSR) performance. Using a sample of Chinese A-share listed companies from 2010 to 2020 and a textual data mining approach, we find that digitization is positively associated with CSR performance with multiple tests suggesting that this relationship is causal. The study also finds that firm-level digitization promotes CSR by improving innovation inputs and outputs, stimulating innovation, and improving innovation capacity. The findings are more prominent for firms with lower financing constraints, larger sizes, and higher asset cash recovery rates.

Suggested Citation

  • Jiang, Wei & Wu, Jiahao & Yang, Xiaozhong, 2023. "Does digitization drive corporate social responsibility?," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 14-26.
    • Handle: RePEc:eee:reveco:v:88:y:2023:i:c:p:14-26
    DOI: 10.1016/j.iref.2023.06.010
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    More about this item

    Keywords

    Digitalization; Corporate social responsibility; R&D innovation; Financing constraints;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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