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Open AccessArticle

Corporate Social Responsibility and Firm Performance in China’s Manufacturing: A Global Perspective of Business Models

1
School of Management, Zhejiang University of Technology, Hangzhou 310023, China
2
College of Science and Technology, Ningbo University, Ningbo 315211, China
*
Author to whom correspondence should be addressed.
Academic Editors: Andrea Pérez and Włodzimierz Sroka
Sustainability 2021, 13(4), 2388; https://doi.org/10.3390/su13042388 (registering DOI)
Received: 9 December 2020 / Revised: 27 January 2021 / Accepted: 18 February 2021 / Published: 23 February 2021
(This article belongs to the Section Economic and Business Aspects of Sustainability)
In a globalized and digital world, manufacturing firms have used internet technology to conduct value appropriation (VA). However, during the COVID-19 crisis, export-led manufacturing firms around the world, particularly those in developing countries, have been forced to lay off workers and cope with VA-related problems, and serious survival problems have resulted in critical corporate social responsibility (CSR)-related challenges. Whereas limited research has discussed relevant issues in nonwestern contexts, we adopt a global perspective of business model and transactional cost theory, aiming to fill this gap by investigating the mechanisms among different dimensions of CSR implementation, firm performance, and VA herein. Based on a sample of listed Chinese manufacturing firms, the results show that the CSR technique dimension is negatively related to firm performance, that the CSR content dimension is positively related to firm performance, and that VA positively moderates the relationships of all three CSR dimensions to firm performance. The main contribution here is providing a more comprehensive understanding of how different CSR dimensions reflect firms’ multiple ethical behaviors, which influence their sustainable performance, respectively, thus enriching the existing knowledge of CSR studies in a new digital era riddled with uncertainties and complexities. We also offer practical implications for other export-led manufacturing firms in developing countries facing turbulent times. View Full-Text
Keywords: corporate social responsibility; COVID-19; value appropriation; firm performance corporate social responsibility; COVID-19; value appropriation; firm performance
MDPI and ACS Style

Hu, Q.; Zhu, T.; Lin, C.-L.; Chen, T.; Chin, T. Corporate Social Responsibility and Firm Performance in China’s Manufacturing: A Global Perspective of Business Models. Sustainability 2021, 13, 2388. https://doi.org/10.3390/su13042388

AMA Style

Hu Q, Zhu T, Lin C-L, Chen T, Chin T. Corporate Social Responsibility and Firm Performance in China’s Manufacturing: A Global Perspective of Business Models. Sustainability. 2021; 13(4):2388. https://doi.org/10.3390/su13042388

Chicago/Turabian Style

Hu, Qianqian; Zhu, Tianlun; Lin, Chien-Liang; Chen, Tiejun; Chin, Tachia. 2021. "Corporate Social Responsibility and Firm Performance in China’s Manufacturing: A Global Perspective of Business Models" Sustainability 13, no. 4: 2388. https://doi.org/10.3390/su13042388

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

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