Are R&D-intensive firms also corporate social responsibility specialists? A multicountry study

Journal article


Fu, Limin, Boehe, Dirk and Orlitzky, Marc. (2020) Are R&D-intensive firms also corporate social responsibility specialists? A multicountry study. Research Policy. 49(8), pp. 1 - 16. https://doi.org/10.1016/j.respol.2020.104082
AuthorsFu, Limin, Boehe, Dirk and Orlitzky, Marc
Abstract

Seeking to obtain efficiency in the development and integration of knowledge about R&D and corporate social responsibility (CSR), firms face hard choices about their resource allocation to these two areas because of the specialized nature of knowledge and related barriers to integration. We address this organizational resource allocation dilemma by relaxing the common assumption that firms are either responsible or irresponsible and examining financial slack as a possible moderator. Using a multicountry sample of 1,957 firms over a 16-year timespan, we find strong empirical support for the positive association between firms' R&D intensity and CSR specialization, a novel concept that—distinct from CSR as such—gauges the extent to which firms specialize in specific environmental, social, or governance aspects of CSR. However, there is insufficient support for financial slack as a moderator in general (except for one noteworthy industry pattern and an alternative operationalization of slack). The exceptions suggest that the nature of organizational slack may influence the relationship between R&D and CSR specialization.

Keywordscorporate social responsibility; integration; organizational knowledge; R&D intensity; slack
Year2020
JournalResearch Policy
Journal citation49 (8), pp. 1 - 16
PublisherElsevier BV
ISSN0048-7333
Digital Object Identifier (DOI)https://doi.org/10.1016/j.respol.2020.104082
Scopus EID2-s2.0-85088923587
Page range1 - 16
Research GroupPeter Faber Business School
Place of publicationNetherlands
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https://acuresearchbank.acu.edu.au/item/88qyq/are-r-d-intensive-firms-also-corporate-social-responsibility-specialists-a-multicountry-study

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