The Impact Of Corporate Innovation Efficiency On Their Social Responsibilities

Enterprise innovation is an important driving force and strategic requirement for the high-quality and sustainable development of enterprises.In.recent years,in the transition from high-speed economic development to high-quality development,China proposed "China Manufacturing 2025" and "carbon peaking and carbon neutrality goals" have significant implications for the construction of corporate innovation efficiency and corporate social responsibility.The connotation of corporate social responsibility has an extension under the requirements of high-quality economic development.It not only requires enterprises to be responsible for internal stakeholders,but also has the courage to take responsibility for external stakeholders,so as to promote sustainable economic and development.The innovation behavior of enterprises has both positive externalize to technology and products,and negative externalize to the environment and stakeholders.Therefore,the research on the relationship between corporate innovation and their social responsibilities has far-reaching significance and practical value.In the research on the relationship between corporate innovation and corporate social responsibility,China textile and apparel industry,as the world’s largest manufacturing country and the world’s largest exporter,plays a pivotal role in the production and employment of the people.As an important traditional manufacturing industry,China textile and apparel industry is transforming into a knowledge-based high-quality industry with innovation and creative design as the core,which has typical research significance in the critical period of high-quality economic development.Therefore,based on the actual situation of the textile and apparel industry and the existing previous research on corporate innovation and social responsibility,this dissertation poses two main questions:(1)Can companies improve innovation efficiency to promote corporate social responsibility performance by actively participate in innovation?(2)Considering the heterogeneity of different enterprises,how will the size and profitability of the enterprise adjust the effect of enterprise innovation on its social responsibility?Based on the above two questions,this dissertation selects the balanced panel data of 77 A-share listed companies from 2015 to 2020,and conducts normative research on corporate social responsibility,corporate innovation efficiency and the relationship between the two in the research review.Empirical research hypotheses are put forward based on stakeholder theory,enterprise resource-based theory,corporate reputation theory,principal-agent theory and sustainable development theory.In terms of innovation efficiency measurement,measuring enterprise innovation behavior from the perspective of "efficiency" can more accurately describe the input-output relationship of enterprises,divide innovation efficiency into technology output efficiency and value output efficiency,and measure efficiency based on DEA-BCC model,comprehensively inspected the actual situation of enterprise innovation.Regarding the evaluation and measurement of corporate social responsibility indicators,combined with the requirements of corporate social responsibility indicators under the "carbon peaking and carbon neutrality goals" goal and the research on existing corporate social responsibility indicators,a textile and apparel corporate social responsibility indicator system was constructed,and the factor analysis method was used to evaluate and measure the corporate social responsibility index system.In the empirical research part,take corporate social responsibility as the explained variable,take the technological output efficiency and value output efficiency of enterprise innovation efficiency as explanatory variables,take profitability and enterprise scale as moderator variables,take macroeconomic growth,enterprise financial Multiple linear stepwise regression analysis was performed with leverage,firm value and firm age as control variables.Empirical research confirms that:1.Enterprise innovation efficiency has a positive impact on its social responsibility;2.Enterprise profitability and enterprise scale have a positive moderating effect.Based on these conclusions,the research believes that enterprises should(1)Improve the innovation environment and enhance innovation efficiency;(2)Reasonably treat and attach importance to innovation,and enhance the core competitiveness of enterprises;(3)Encourage enterprises to assume social responsibility and improve corporate social responsibility disclosure;(4)Advocate environmental protection awareness and promote high-quality sustainable development of enterprises.All in all,this dissertation takes corporate innovation efficiency as the starting point,studies its impact on corporate social responsibility performance,propose actual suggestions on how to innovate in the process of high-quality economic development and transformation,how to build good relationships with stakeholders,and how to improve society.The performance of assuming responsibility provides ideas,a theoretical and practical basis for enterprises to actively participate in innovation and take their fulfill social responsibilities.