The Mediating Role of Green Technology Innovation with Corporate Social Responsibility, Firm Financial, and Environmental Performance: The Case of Chinese Manufacturing Industries

Abstract

This research aims to examine the relationship between corporate social responsibility (CSR), firm environmental performance (FEP), and firm financial performance (FFP), as well as how green technology innovation performs a mediating role in this relationship. The manufacturing firms listed on the Shenzhen Stock Exchanges were selected as the representative sample for the study, and data were gathered from 470 managers and directors of manufacturing firms using a simple random sampling technique. The response rate was 87%. For hypothesis testing, PLS-SEM was used. In addition, green technology innovation is a positive and significant mediator between corporate social responsibility and firm financial and environmental performance. This research provides useful implications for manufacturing firms’ managers, directors, and policymakers to improve corporate social responsibility (CSR) and green technology innovation in measuring the firm’s financial and environmental performance. The results also have several practical implications that may benefit the management of firms. They urge all of the organization’s stakeholders to consider investing in organizational social behavior and green innovation to enhance the manufacturing firms’ overall performance.