Corporate social responsibility fulfillment, government-enterprise value co-creation and urban inclusive green growth

  • SONG Yan ,
  • ZHANG Wen-hao ,
  • ZHANG Ming
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Received date: 2025-01-03

  Revised date: 2025-02-08

  Online published: 2025-05-16

Abstract

This paper investigates the potential impact of corporate social responsibility (CSR) on urban inclusive green growth and its mechanism, using panel-matched data from 248 prefecture-level cities and listed enterprises of 2011-2022. The findings reveal that CSR promotes urban inclusive green growth, which is statistically and economically significant. CSR promotes urban green technology innovation and the formation of a healthy labour market, thereby greatly contributing to urban inclusive green growth. Government-enterprise value co-creation substantially expands the boundaries and effectiveness of CSR for urban inclusive green growth, providing insights into correctly resolving the trade-offs between economic, environmental, and social systems. Heterogeneity analysis shows that the impact of CSR on urban inclusive green growth varies with the willingness of enterprises to disclose social responsibility information, property rights nature and manager traits, etc. Moreover, the higher the media attention of enterprises and the marketisation level of the cities they are in, the more significant the promoting effect of CSR on urban inclusive green growth. Based on this, a series of countermeasures and suggestions are proposed from the aspects of improving corporate governance, strengthening government enterprise collaboration, attaching importance to external environmental factors, and coordinating market development.

Cite this article

SONG Yan , ZHANG Wen-hao , ZHANG Ming . Corporate social responsibility fulfillment, government-enterprise value co-creation and urban inclusive green growth[J]. Urban Problems, 2025 , 355(2) : 45 -57 . DOI: 10.13239/j.bjsshkxy.cswt.250205

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