Social Responsibility, Internal Governance and Manufacturing Growth
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Abstract
This article presents a structural equation model for exploring the impact of social responsibility, which been divided into responsibility for the internal stakeholder and responsibility for the external stakeholder, as well as internal governance on Chinese manufacturing growth on the basis of data collected from 500 manufacturing enterprises in the East region of China. Our results show that both social responsibility and internal governance have a positive impact on manufacturing growth and promote sustainable development in manufacturing. In addition, social responsibility has a positive impact on internal governance, and the internal governance plays a partial intermediary role in the impact of social responsibility on manufacturing growth. These findings signify that it is important for Chinese Manufacturing to undertake Social Responsibility, and it can provide a beneficial guidance for Chinese Manufacturing Growth and help strengthen the competitive advantage of manufacturing industry.
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References
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