Next Article in Journal
Efficiency of Iron-Based Oxy-Hydroxides in Removing Antimony from Groundwater to Levels below the Drinking Water Regulation Limits
Previous Article in Journal
Responding to the Drought: A Spatial Statistical Approach to Investigating Residential Water Consumption in Fresno, California
Article Menu
Issue 2 (February) cover image

Export Article

Open AccessArticle
Sustainability 2017, 9(2), 234; doi:10.3390/su9020234

Corporate Social Responsibility and Environmentally Sound Technology in Endogenous Firm Growth

School of Management and Economics, Southeast University, Nanjing 210096, China
*
Author to whom correspondence should be addressed.
Academic Editor: Barbara Aquilani
Received: 14 November 2016 / Revised: 18 January 2017 / Accepted: 27 January 2017 / Published: 10 February 2017
View Full-Text   |   Download PDF [232 KB, uploaded 15 February 2017]

Abstract

We have entered the “New Normal” economy, with more emphasis on economic growth driven by innovation than resource. This paper investigates the impacts of firms considering corporate social responsibility and environmentally sound technology by building a three-stage Cournot competition model with asymmetric cost. The sustainable development of economic and endogenous firm growth achieves the win–win result in the theoretical model. Using data from 31 firms in China, this paper empirically researches on the relationships among corporate social responsibility, environmentally sound technology and firm endogenous growth. The results show that: (1) Marginal cost decreased with the increase of innovation, as well as getting government research and development subsidy, which has a positive effect on firm growth. (2) Consumers respond positively to corporate social responsibility initiative, the reputation of the firm can be improved. At the same time, environmentally sound technology objectively reduces the marginal cost of competitors because of the technology spillover. (3) Profit of a firm undertaking corporate social responsibility partly decreases, which has a negative effect on firm growth. The contradiction between corporate social responsibility and profit of firm could be adjusted, such as socially responsible investment fund hosed by institutional investors. View Full-Text
Keywords: corporate social responsibility (CSR); environmentally sound technology; firm endogenous growth corporate social responsibility (CSR); environmentally sound technology; firm endogenous growth
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Chao, A.C.; Pu, Z. Corporate Social Responsibility and Environmentally Sound Technology in Endogenous Firm Growth. Sustainability 2017, 9, 234.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top