Does charitable giving reduce firms' willingness to invest in green innovation?
While corporate charitable giving(CG) can help firms obtain external innovation resource support, it can also crowd out internal innovation resources. The purpose of this study is to clarify the mechanism of CG and government green subsidies(GS) on green innovation(GI). In this regard, we integrated...
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| Veröffentlicht in: | PloS one 2022-12, Vol.17 (12), p.e0278890-e0278890 |
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| description | While corporate charitable giving(CG) can help firms obtain external innovation resource support, it can also crowd out internal innovation resources. The purpose of this study is to clarify the mechanism of CG and government green subsidies(GS) on green innovation(GI). In this regard, we integrated signaling theory and principal-agent theory to provide a new theoretical perspective for simultaneously focus on the impact of external resource acquisition and internal resource allocation on GI. We conducted a threshold regression analysis on the balanced panel data of 863 listed companies of China from 2016 to 2019 to clarify the input boundary between the promoting and inhibiting effects of corporate CG on corporate GI. And we further explored the relationship between GS and GI under the effect of different CG thresholds. Our findings indicate that there is an inverted U-shaped threshold effect of CG on GI. The impact of GS on GI shows a decreasing marginal benefit as the intensity of CG increases. Based on the findings, we propose corresponding countermeasures for the management of enterprises and the government. |
| doi_str_mv | 10.1371/journal.pone.0278890 |
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The purpose of this study is to clarify the mechanism of CG and government green subsidies(GS) on green innovation(GI). In this regard, we integrated signaling theory and principal-agent theory to provide a new theoretical perspective for simultaneously focus on the impact of external resource acquisition and internal resource allocation on GI. We conducted a threshold regression analysis on the balanced panel data of 863 listed companies of China from 2016 to 2019 to clarify the input boundary between the promoting and inhibiting effects of corporate CG on corporate GI. And we further explored the relationship between GS and GI under the effect of different CG thresholds. Our findings indicate that there is an inverted U-shaped threshold effect of CG on GI. The impact of GS on GI shows a decreasing marginal benefit as the intensity of CG increases. Based on the findings, we propose corresponding countermeasures for the management of enterprises and the government.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0278890</identifier><identifier>PMID: 36580453</identifier><language>eng</language><publisher>United States: Public Library of Science</publisher><subject>Asymmetry ; Business enterprises ; Charitable contributions ; China ; Differential Threshold ; Donations ; Ecology and Environmental Sciences ; Educational Personnel ; Engineering and Technology ; Government ; Green technology ; Humans ; Hypotheses ; Innovations ; Investments ; Medicine and Health Sciences ; Organizational behavior ; Organizational research ; Orientation, Spatial ; People and Places ; Politics ; Product development ; Regression analysis ; Research and Analysis Methods ; Resource allocation ; Social responsibility ; Social Sciences ; Subsidies</subject><ispartof>PloS one, 2022-12, Vol.17 (12), p.e0278890-e0278890</ispartof><rights>Copyright: © 2022 Hongpeng Wang. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.</rights><rights>COPYRIGHT 2022 Public Library of Science</rights><rights>2022 Hongpeng Wang. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. 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The purpose of this study is to clarify the mechanism of CG and government green subsidies(GS) on green innovation(GI). In this regard, we integrated signaling theory and principal-agent theory to provide a new theoretical perspective for simultaneously focus on the impact of external resource acquisition and internal resource allocation on GI. We conducted a threshold regression analysis on the balanced panel data of 863 listed companies of China from 2016 to 2019 to clarify the input boundary between the promoting and inhibiting effects of corporate CG on corporate GI. And we further explored the relationship between GS and GI under the effect of different CG thresholds. Our findings indicate that there is an inverted U-shaped threshold effect of CG on GI. The impact of GS on GI shows a decreasing marginal benefit as the intensity of CG increases. Based on the findings, we propose corresponding countermeasures for the management of enterprises and the government.</description><subject>Asymmetry</subject><subject>Business enterprises</subject><subject>Charitable contributions</subject><subject>China</subject><subject>Differential Threshold</subject><subject>Donations</subject><subject>Ecology and Environmental Sciences</subject><subject>Educational Personnel</subject><subject>Engineering and Technology</subject><subject>Government</subject><subject>Green technology</subject><subject>Humans</subject><subject>Hypotheses</subject><subject>Innovations</subject><subject>Investments</subject><subject>Medicine and Health Sciences</subject><subject>Organizational behavior</subject><subject>Organizational research</subject><subject>Orientation, Spatial</subject><subject>People and Places</subject><subject>Politics</subject><subject>Product development</subject><subject>Regression analysis</subject><subject>Research and Analysis 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Participant titles)</collection><collection>DOAJ Directory of Open Access Journals</collection><jtitle>PloS one</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Hongpeng</au><au>Li, Xingwei</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Does charitable giving reduce firms' willingness to invest in green innovation?</atitle><jtitle>PloS one</jtitle><addtitle>PLoS One</addtitle><date>2022-12-29</date><risdate>2022</risdate><volume>17</volume><issue>12</issue><spage>e0278890</spage><epage>e0278890</epage><pages>e0278890-e0278890</pages><issn>1932-6203</issn><eissn>1932-6203</eissn><abstract>While corporate charitable giving(CG) can help firms obtain external innovation resource support, it can also crowd out internal innovation resources. The purpose of this study is to clarify the mechanism of CG and government green subsidies(GS) on green innovation(GI). In this regard, we integrated signaling theory and principal-agent theory to provide a new theoretical perspective for simultaneously focus on the impact of external resource acquisition and internal resource allocation on GI. We conducted a threshold regression analysis on the balanced panel data of 863 listed companies of China from 2016 to 2019 to clarify the input boundary between the promoting and inhibiting effects of corporate CG on corporate GI. And we further explored the relationship between GS and GI under the effect of different CG thresholds. Our findings indicate that there is an inverted U-shaped threshold effect of CG on GI. The impact of GS on GI shows a decreasing marginal benefit as the intensity of CG increases. Based on the findings, we propose corresponding countermeasures for the management of enterprises and the government.</abstract><cop>United States</cop><pub>Public Library of Science</pub><pmid>36580453</pmid><doi>10.1371/journal.pone.0278890</doi><tpages>e0278890</tpages><orcidid>https://orcid.org/0000-0002-5506-586X</orcidid><oa>free_for_read</oa></addata></record> |
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| subjects | Asymmetry Business enterprises Charitable contributions China Differential Threshold Donations Ecology and Environmental Sciences Educational Personnel Engineering and Technology Government Green technology Humans Hypotheses Innovations Investments Medicine and Health Sciences Organizational behavior Organizational research Orientation, Spatial People and Places Politics Product development Regression analysis Research and Analysis Methods Resource allocation Social responsibility Social Sciences Subsidies |
| title | Does charitable giving reduce firms' willingness to invest in green innovation? |
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