Do Corporate Social Responsibility and Corporate Governance Influence Intellectual Capital Efficiency?
Do Corporate Social Responsibility and Corporate Governance Influence Intellectual Capital Efficiency?
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DOI：
10.3390/su11071899
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发表时间：
2019-03
期刊：
影响因子：
3.9
通讯作者：
Francesco Gangi;Dario Salerno;Antonio Meles;Lucia Michela Daniele
中科院分区：
文献类型：
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作者：
Francesco Gangi;Dario Salerno;Antonio Meles;Lucia Michela Daniele
本研究以2010年至2015年期间51个国家的上市公司为样本，采用两阶段最小二乘（2SLS）回归方法，以工具变量（IV）为变量，考察了企业社会责任（CSR）和公司治理（CG）机制之间的相互作用对企业智力资本（IC）效率的影响。实证结果表明，企业社会责任投入和企业管治结构影响企业信息化管理的效率。本研究有助于管理实践，展示了企业社会责任的因果关系的增值智力资本（VAIC）的措施和积极的影响，CG对企业社会责任的参与和企业管理他们的IC的效率。此外，目前的研究提供了一个全面的框架内的企业社会责任的参与，CG的做法，和IC效率的决定因素之间的关系的额外的理解。
Using a large sample of public firms in 51 countries during the period from 2010 to 2015 and a two-stage least squares (2SLS) regression with an instrumental variable (IV), this study investigates how corporate social responsibility (CSR) and corporate governance (CG) mechanisms interact to influence a firm’s intellectual capital (IC) efficiency. The empirical results reveal that CSR engagement and CG structures influence the firm efficiency in managing IC. This study contributes to managerial practice by demonstrating the causal effect of CSR on value-added intellectual capital (VAIC) measures and the positive impact of CG on both CSR engagement and the efficiency with which firms manage their IC. Furthermore, the current study provides an additional understanding of the relationship among CSR engagement, CG practices, and the determining factors of IC efficiency within a comprehensive framework.