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Article: The inverse U-shaped relationship between corporate social responsibility and competitiveness: Evidence from Chinese international construction companies

TitleThe inverse U-shaped relationship between corporate social responsibility and competitiveness: Evidence from Chinese international construction companies
Authors
KeywordsCorporate social responsibility
Corporate social performance
Competitiveness
International construction
China
Issue Date2021
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jclepro
Citation
Journal of Cleaner Production, 2021, v. 295, p. article no. 126374 How to Cite?
AbstractThe relationship between corporate social responsibility (CSR) and its material implications is a classic inquiry with tremendous academic and practical values. In recent years, the inquiry has shifted to the CSR-competitiveness link by viewing competitiveness as a more comprehensive construct that is able to capture more sustainable business success than traditional financial performance. This paper argued an inverse U-shaped relationship between CSR and competitiveness considering the complex interaction between both benefits and costs of CSR. Focusing on Chinese international construction companies (CICCs), it empirically tests the curvilinear relationship between the two constructs. By undertaking a panel data regression on 55 CICCs and 473 observations from 2010 to 2019, the inverse U-shaped relationship between CSR and competitiveness is confirmed: CICCs’ competitiveness will increase at first with their CSR engagement but will decline from a threshold level where CSR costs begin to gain priority. This study opens up a new avenue through which business executives and policymakers are inspired to wisely manage social responsibility resources and pursue a balance where the business and society should strike.
Persistent Identifierhttp://hdl.handle.net/10722/301909
ISSN
2020 Impact Factor: 9.297
2020 SCImago Journal Rankings: 1.937

 

DC FieldValueLanguage
dc.contributor.authorGUO, H-
dc.contributor.authorLu, WW-
dc.date.accessioned2021-08-21T03:28:46Z-
dc.date.available2021-08-21T03:28:46Z-
dc.date.issued2021-
dc.identifier.citationJournal of Cleaner Production, 2021, v. 295, p. article no. 126374-
dc.identifier.issn0959-6526-
dc.identifier.urihttp://hdl.handle.net/10722/301909-
dc.description.abstractThe relationship between corporate social responsibility (CSR) and its material implications is a classic inquiry with tremendous academic and practical values. In recent years, the inquiry has shifted to the CSR-competitiveness link by viewing competitiveness as a more comprehensive construct that is able to capture more sustainable business success than traditional financial performance. This paper argued an inverse U-shaped relationship between CSR and competitiveness considering the complex interaction between both benefits and costs of CSR. Focusing on Chinese international construction companies (CICCs), it empirically tests the curvilinear relationship between the two constructs. By undertaking a panel data regression on 55 CICCs and 473 observations from 2010 to 2019, the inverse U-shaped relationship between CSR and competitiveness is confirmed: CICCs’ competitiveness will increase at first with their CSR engagement but will decline from a threshold level where CSR costs begin to gain priority. This study opens up a new avenue through which business executives and policymakers are inspired to wisely manage social responsibility resources and pursue a balance where the business and society should strike.-
dc.languageeng-
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jclepro-
dc.relation.ispartofJournal of Cleaner Production-
dc.subjectCorporate social responsibility-
dc.subjectCorporate social performance-
dc.subjectCompetitiveness-
dc.subjectInternational construction-
dc.subjectChina-
dc.titleThe inverse U-shaped relationship between corporate social responsibility and competitiveness: Evidence from Chinese international construction companies-
dc.typeArticle-
dc.identifier.emailLu, WW: wilsonlu@hku.hk-
dc.identifier.authorityLu, WW=rp01362-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.jclepro.2021.126374-
dc.identifier.scopuseid_2-s2.0-85101099647-
dc.identifier.hkuros324426-
dc.identifier.volume295-
dc.identifier.spagearticle no. 126374-
dc.identifier.epagearticle no. 126374-
dc.publisher.placeNetherlands-

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