The Empirical Study On The Influence Of Corporate Social Responsibility On Technological Innovation

In recent years, with the happening of a series of corporate immoralities, which highlights the public awareness of CSR, and the social public give a positive response to enterprise’s unethical behavior,so companies have to rethink what their business activities influence on the social public and the environment. Should the enterprise bear the social responsibility and if they bear the social responsibility what kind of results will be produced.These not only cause enterprises to ponder but also the scholars.Whether the enterprise bear the social responsibility will lead to social public’s recognition, will draw investor’s attention for capital injection, will lower the management cost, thus to guarantee enterprise’s technology innovation activities on the capital, to drive the working of corporate technology innovation activity? These are all to study in this article.The study on the CSR and innovation of the general and special equipment manufacturing industry with the data,make up the blank study of CSR and innovate.Based on the stakeholder theory, principal-agent theory and the signal transmission theory, we theoretically study the relationship between CSR and the technology innovation activities, We study the general equipment manufacturing industry and special equipment manufacturing industry in three years,from 2010 to 2012.about 444 listed companies in all,using the empirical study methods,For example, Descriptive statistical analysis, Pearson correlation, Spearman correlation and Multiple linear regression model to test the relationship between the two.We get the results as follows:First,Only the CSR on the employee and suppliers have significant positive correlation relationship with the corporate technology innovation,especially the corporate social responsibility on the employee has significant positive correlation relationship with the present enterprise technology innovation activities and also the next period enterprise technology innovation activities;Second,the CSR on the other Stakeholders, For example, investors, creditors, customers and government have negative correlation relationship with the enterprise technology innovation activities.At last,on the basis of the results,we come up with some suggestions to the enterprises,government and other organizations,which help perfect the information disclosure of innovation and improve the enthusiasm of CSR.