Asian Journal Of Social Pharmacy

Objective To provide empirical enlightenment for pharmaceutical enterprises to fulfill their corporate social responsibility and improve their innovation performance. Methods The Poisson panel regression model was used to investigate the impact of corporate social responsibility on innovation performance and the moderating effect of economic policy uncertainty by taking the data of China’s pharmaceutical industry from 2010 to 2020. Results and Conclusion There is an inverted U-shaped relationship between corporate social responsibility and innovation performance, and economic policy uncertainty a negative moderating role in this relationship. In addition, there is an inverted U-shaped relationship between corporate social responsibility and innovation performance of state- owned enterprises and non-state-owned enterprises, but the threshold of state-owned enterprises is larger.

pharmaceutical enterprise, corporate social responsibility, innovation performance, economic policy