The Innovation Performance of Socially Responsible Investment from Stakeholders’ Perspective: Evidence from STAR MARKET
DOI:
https://doi.org/10.54097/h27g7m31Keywords:
STAR MARKET, SRI, Innovation performance, StakeholdersAbstract
From the perspective of stakeholders, this paper empirically examines the impact of corporate socially responsible investment (SRI) and various dimensions of SRI on their innovation performance, taking Chinese science and technology innovation board (STAR)listed companies as samples. The results show that the social responsible investment of STAR MARKET enterprises has a significant positive impact on innovation performance, while the impact of various dimension’s social responsible investment on innovation performance is heterogeneous, the specific performance is as follows: social responsible investment in investors, employees, customers and government helps to improve the innovation performance of the enterprises, however, social responsible investment in the community will have a negative impact on innovation performance.
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