IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v68y2024ics1544612324010158.html
   My bibliography  Save this article

Corporate altruism, dual innovation and competitive advantage

Author

Listed:
  • Wu, Jiahua
  • Li, Laibin
  • Lin, Ting

Abstract

This paper uses the questionnaire survey method and empirical analysis to analyze the impact of corporate altruism, dual innovation on competitive advantage, and the mediating role of dual innovation between corporate altruism and competitive advantage. The results show that corporate altruism has a significant positive effect on competitive advantage; altruism positively affects exploratory innovation; altruism positively affects utilization innovation; dual innovation significantly positively affects competitive advantage; and dual innovation has a significant mediating effect between corporate altruism and competitive advantage.

Suggested Citation

  • Wu, Jiahua & Li, Laibin & Lin, Ting, 2024. "Corporate altruism, dual innovation and competitive advantage," Finance Research Letters, Elsevier, vol. 68(C).
    • Handle: RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324010158
    DOI: 10.1016/j.frl.2024.105985
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324010158
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105985?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Daley, Jenifer & Matthews, Kent, 2012. "Competitive conditions in the Jamaican banking market 1998–2009," International Review of Financial Analysis, Elsevier, vol. 25(C), pages 131-135.
    2. Zhe Zhang & Xin Wang & Ming Jia, 2021. "Echoes of CEO Entrepreneurial Orientation: How and When CEO Entrepreneurial Orientation Influences Dual CSR Activities," Journal of Business Ethics, Springer, vol. 169(4), pages 609-629, April.
    3. Paul Manning & Nigel Baker & Peter Stokes, 2020. "The ethical challenge of Big Tech’s “disruptive philanthropy”," International Studies of Management & Organization, Taylor & Francis Journals, vol. 50(3), pages 271-290, July.
    4. Wan, Guoguang & Wang, Heli & Geng, Xuesong & Huang, Kenneth G., 2023. "Natural Disasters and Corporate Philanthropy: A Double Movement Perspective," Management and Organization Review, Cambridge University Press, vol. 19(1), pages 98-137, February.
    5. Seungho Choi & Raphael Jonghyeon & Simon Xu, 2023. "The Strategic Use of Corporate Philanthropy: Evidence from Bank Donations," Review of Finance, European Finance Association, vol. 27(5), pages 1883-1930.
    6. Zhang, Dongyang & Du, Pengcheng & Chen, Yaowen, 2019. "Can designed financial systems drive out highly polluting firms? An evaluation of an experimental economic policy," Finance Research Letters, Elsevier, vol. 31(C).
    7. Memon, Khalid Rasheed & Ooi, Say Keat, 2023. "Identifying digital leadership's role in fostering competitive advantage through responsible innovation: A SEM-Neural Network approach," Technology in Society, Elsevier, vol. 75(C).
    8. Yu, Huaibing, 2022. "Does sustainable competitive advantage make a difference in stock performance during the Covid-19 pandemic?," Finance Research Letters, Elsevier, vol. 48(C).
    9. Lu, Xiaowei & Wang, Jiexiang, 2024. "Is innovation strategy a catalyst to solve social problems? The impact of R&D and non-R&D innovation strategies on the performance of social innovation-oriented firms," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    10. Ni Qin & Dongmin Kong, 2021. "Human Capital and Entrepreneurship," Journal of Human Capital, University of Chicago Press, vol. 15(4), pages 513-553.
    11. Liu, Xiaohua & Zhao, Qiuhan, 2024. "Banking competition, credit financing and the efficiency of corporate technology innovation," International Review of Financial Analysis, Elsevier, vol. 94(C).
    12. Baker, H. Kent & Ni, Yang & Saadi, Samir & Zhu, Hui, 2019. "Competitive earnings news and post-earnings announcement drift," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 331-343.
    13. Alice Falchi & Gilles Grolleau & Naoufel Mzoughi, 2022. "Why companies might under‐communicate their efforts for sustainable development and what can be done?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 1938-1946, July.
    14. Genhasi Ge & Daoping Wang & Mesumbe Bianca Epede, 2022. "Pricing Policies of Green Dual-Channel Supply Chain with Fairness Concerns and Altruistic Preferences Based on Consumers’ Environmental Awareness and Channel Preference," IJERPH, MDPI, vol. 19(20), pages 1-28, October.
    15. Yuan, Baolong & Cao, Xueyun, 2022. "Do corporate social responsibility practices contribute to green innovation? The mediating role of green dynamic capability," Technology in Society, Elsevier, vol. 68(C).
    16. Wen, Huwei & Zhong, Qiming & Lee, Chien-Chiang, 2022. "Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies," International Review of Financial Analysis, Elsevier, vol. 82(C).
    17. Cicchiello, Antonella Francesca & Cotugno, Matteo & Foroni, Cristian, 2023. "Does competition affect ESG controversies? Evidence from the banking industry," Finance Research Letters, Elsevier, vol. 55(PB).
    18. Chortareas, Georgios E. & Garza-García, Jesús G. & Girardone, Claudia, 2012. "Competition, efficiency and interest rate margins in Latin American banking," International Review of Financial Analysis, Elsevier, vol. 24(C), pages 93-103.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Han & Wu, Linsheng, 2024. "Manager's entrepreneurial experience and firm innovation," Finance Research Letters, Elsevier, vol. 66(C).
    2. Jiang, Pengcheng & Jiang, Hongli & Wu, Jiahui, 2022. "Is inhibition of financialization the sub-effect of the green credit policy? Evidence from China," Finance Research Letters, Elsevier, vol. 47(PB).
    3. Jinshan Zhang & Man Liu, 2024. "How to Leverage Digital Sustainability Orientation to Promote Environmentally Sustainable Practices of Manufacturing Enterprises in China," Sustainability, MDPI, vol. 16(12), pages 1-20, June.
    4. Li, Wenjuan & Liu, Xinghua & Zhou, Lei, 2025. "The role of digital finance in enhancing export competitiveness: insights from China's listed companies," Finance Research Letters, Elsevier, vol. 71(C).
    5. Joseph Bitar, 2022. "A note on reserve requirements and banks' liquidity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 4837-4852, October.
    6. Yuzhong Lu & Cheng Xu & Bingsheng Zhu & Yanqi Sun, 2024. "Digitalization transformation and ESG performance: Evidence from China," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 352-368, February.
    7. Xiao, He, 2022. "Environmental regulation and firm capital structure dynamics," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 770-787.
    8. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Size, efficiency, market power, and economies of scale in the African banking sector," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-22, December.
    9. Fu, Shuke & Ge, Yingchen & Hao, Yu & Peng, Jiachao & Tian, Jiali, 2024. "Energy supply chain efficiency in the digital era: Evidence from China's listed companies," Energy Economics, Elsevier, vol. 134(C).
    10. Zhang, Qixin & Xiang, Zhiqiang, 2024. "New media surveillance, environmental information uncertainty and corporate environmental information disclosure," International Review of Economics & Finance, Elsevier, vol. 95(C).
    11. Zhou, Zhongsheng & Li, Zhuo, 2023. "Corporate digital transformation and trade credit financing," Journal of Business Research, Elsevier, vol. 160(C).
    12. Fu, Chao & Luo, Dianying & Zhang, Jiaoshu & Li, Wenxia, 2025. "Tax incentives, marketization level, and corporate digital transformation," International Review of Economics & Finance, Elsevier, vol. 97(C).
    13. Anhang Chen & Huiqin Zhang & Yuxiang Zhang & Junwei Zhao, 2024. "Manufacturers’ digital transformation under carbon cap-and-trade policy: investment strategy and environmental impact," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    14. Edgars Sedovs & Tatjana Volkova, 2024. "Sustainability: Is It a Strategic Management Research Fashion?," Sustainability, MDPI, vol. 16(17), pages 1-24, August.
    15. Arnone, Massimo & Costantiello, Alberto & Leogrande, Angelo, 2024. "Banking Credit and Innovation Technology: a Global Perspective," MPRA Paper 122774, University Library of Munich, Germany.
    16. Mariarosaria Agostino & Sabrina Ruberto, 2024. "Credit rationing and SMEs’ environmental performance in transition and developing countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16627-16656, July.
    17. repec:grz:wpsses:2020-04 is not listed on IDEAS
    18. Liu, Qiong & Xu, Rujun & Tao, Wenli, 2024. "Impact of auditing information technology modernization on corporate technological innovation investment: The roles of risk perception and internal control," Finance Research Letters, Elsevier, vol. 67(PB).
    19. Esther Calderon-Monge & Domingo Ribeiro-Soriano, 2024. "The role of digitalization in business and management: a systematic literature review," Review of Managerial Science, Springer, vol. 18(2), pages 449-491, February.
    20. Kong, Qunxi & Shen, Chenrong & Chen, Afei & Peng, Dan & Wong, Zoey, 2021. "How demand scale affect services exports? Evidence from financial development perspective," Research in International Business and Finance, Elsevier, vol. 58(C).
    21. Wang, Shaofeng & Zhang, Hao, 2024. "Green entrepreneurship success in the age of generative artificial intelligence: The interplay of technology adoption, knowledge management, and government support," Technology in Society, Elsevier, vol. 79(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324010158. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.