Corporate social responsibility and corporate investments: does research and development intensity matter?

• Published in: Cogent Business and Management
• Main Author: Rahmadhani S.; Faisal F.; Joseph C.; Januarti I.
• Format: Article
• Language: English
• Published: Cogent OA 2024
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85198096917&doi=10.1080%2f23311975.2024.2375618&partnerID=40&md5=787a895e579803b7e5481acd017733f2

The objective of the study is to investigate the relationship between corporate social and environmental responsibility expenditure, research and development (R&D) intensity, and corporate investment in 47 basic industrial and chemical companies listed on the Indonesian Stock Exchange from 2015 to 2019. The study found a positive correlation between corporate social and environmental responsibility expenditure and R&D intensity and that R&D intensity fully mediates the relationship between corporate social and environmental responsibility expenditure and corporate investment. The results suggest that R&D intensity is crucial in enhancing corporate investment performance. This study contributes to the literature on corporate social and environmental responsibility expenditure, R&D intensity, and investment in emerging markets by providing empirical evidence that R&D intensity plays a key role in boosting corporate investment. © 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.