The Impact of Corporate Social Responsibility on Corporate Financial Performance under Market-incentive Environmental Regulation
Existing research has found that corporate social responsibility can improve financial performance,but under the influence of market incentive based environmental regulations,whether corporate social responsibility can improve financial performance or not has become a question that companies need to explore in their development process.The article establishes a moderated mediation effect model to empirically explore the relationship and mechanism between corporate social responsibility and financial performance.The results indicate that fulfilling social responsibility can enhance corporate financial performance,and green innovation plays a mediating role between corporate social responsibility and corporate financial performance.Market incentive based environmental regulations significantly positively regulate the mediating effect of green innovation in the latter half of the relationship between corporate social responsibility and corporate financial performance,as well as the direct effect between corporate social responsibility and corporate financial performance.
market incentive environmental regulationcorporate financial performancecorporate social responsibilitygreen innovationmoderated mediation effect model
万方数据
维普
