How Can Network Infrastructure Development Empower Corporate Social Responsibility Fulfillment: A Quasi-natural Experiment Based on "Broadband China" Strategy

CHEN Hai-bo; DENG Ya-hui

Volume 38 Issue 1

Jan. 2023

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CHEN Hai-bo, DENG Ya-hui. How Can Network Infrastructure Development Empower Corporate Social Responsibility Fulfillment: A Quasi-natural Experiment Based on 'Broadband China' Strategy[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(1): 17-30.

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CHEN Hai-bo, DENG Ya-hui. How Can Network Infrastructure Development Empower Corporate Social Responsibility Fulfillment: A Quasi-natural Experiment Based on "Broadband China" Strategy[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(1): 17-30.

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How Can Network Infrastructure Development Empower Corporate Social Responsibility Fulfillment: A Quasi-natural Experiment Based on "Broadband China" Strategy

School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China

Received Date: 2022-11-06
Available Online: 2023-03-09
Publish Date: 2023-01-28

Abstract

Abstract

As an important support of digital economy, network infrastructure has profoundly changed the way of information dissemination and the way of production and life. Based on the quasi-natural experiment of "Broadband China" strategy, this paper takes the data of A-share listed companies in 2011-2019 as samples, and uses the multi-time and double difference method to explore whether network infrastructure development can empower corporate social responsibility fulfillment. It is found that the construction of network infrastructure can effectively empower corporate social responsibility fulfillment, with the characteristics of time lag, persistence and enhancement. The mechanism test shows that network infrastructure construction provides psychological empowerment for the fulfillment of corporate social responsibility by increasing their network attention; network infrastructure construction also provides resource empowerment for the fulfillment of corporate social responsibility by easing their financing constraints. Further research shows that in non-state-owned enterprises, industries with insensitive social responsibility and areas with superior institutional environment, the network infrastructure construction plays a greater role in empowering corporate social responsibility fulfillment. From the perspective of network infrastructure, this paper provides a new path for corporate social responsibility fulfillment, which has reference value for realizing Chinese-style modernization.
- network infrastructure,
- corporate social responsibility,
- network attention,
- financing constraints,
- "Broadband China",
- structural empowerment,
- psychological empowerment,
- resource empowerment

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References(51)

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