Academic Journal of Business & Management, 2026, 8(4); doi: 10.25236/AJBM.2026.080406.
Deng Deyu
School of Economics and Management, Tongji University, Shanghai, China
With the deepening division of labor in the global industrial chain, the impact of industry characteristics on corporate social responsibility (CSR) practices has become increasingly prominent. Based on the industry level, this study explores the correlation characteristics of different industries in the production network and their intrinsic connection with CSR performance. First, the study constructs a production network based on the input-output tables of 2015 and 2020, analyzes the characteristics of the production network, and finds that the production network can maintain stability and become more concentrated over time. Second, it uses the data of Chinese listed companies from 2010 to 2021 to analyze the impact of the production network on the fulfillment of corporate social responsibility, and finds that the production network has a significant negative effect on CSR performance. Finally, the study discusses the heterogeneous characteristics of this impact, and reveals that the inhibitory effect of industry correlation on CSR is more prominent in industries located in less developed regions and state-controlled enterprises. This study provides a new theoretical perspective for understanding the influencing factors of industry-level CSR, and also offers empirical evidence for formulating differentiated strategies to improve CSR performance.
Production Network; Corporate Social Responsibility (CSR); Industry Correlation; Industrial Characteristics
Deng Deyu. How Does Industry Interconnection Affect Corporate Social Responsibility?—— Empirical Evidence from the Perspective of Production Networks. Academic Journal of Business & Management (2026), Vol. 8, Issue 4: 41-54. https://doi.org/10.25236/AJBM.2026.080406.
[1] Acemoglu D, Bimpikis K, Ozdaglar A (2014) Dynamics of information exchange in endogenous social networks. Theoretical Economics 9(1):41-97.
[2] Ahern KR (2015) Network centrality and the cross section of stock returns. Working Paper.
[3] Barnett ML (2010) Opportunity platforms and safety nets: Corporate citizenship and reputational risk. Business & Society Review 105(1):85-106.
[4] Bellamy MA, Dhanorkar S, Subramanian R (2020) Administrative environmental innovations, supply network structure, and environmental disclosure. Journal of Operations Management 66(7-8):895-932.
[5] Bowen HR (1953) Social responsibilities of the businessman. Harper & Row, New York.
[6] Charpin R, Powell EE, Roth AV (2020) The influence of perceived host country political risk on foreign subunits' supplier development strategies. Journal of Operations Management 67(3):329-359.
[7] Cheung YL, Haw IM, Hu BB, Swink M, Zhang WL (2020) Common institutional investors and supplier performance in supply chains. Journal of Operations Management 66(6):670-696.
[8] Kisperska-Moroń D, Klosa E (2013) The importance of logistic risk for achieving corporate social responsibility goals in supply chains. Logistics & Transport (03).
[9] DesJardine MR, Marti E, Durand R (2021) Why activist hedge funds target socially responsible firms: The reaction costs of signaling corporate social responsibility. Academy of Management Journal 64(3):851-872.
[10] Dorobantu S, Henisz WJ, Nartey LJ (2024) Firm-stakeholder dialogue and the media: The evolution of stakeholder evaluations in different informational environments. Academy of Management Journal 67(1):92-125.
[11] Dwertmann DJG, Gostatutaite B, Kazlauskatie R, Buginiene I (2023) Receiving service from a person with a disability: Stereotypes, perceptions of corporate social responsibility, and the opportunity for increased corporate reputation. Academy of Management Journal 66(1):133-163.
[12] Eltantawy RA, Fox GL, Giunipero L (2009) Supply management ethical responsibility: Reputation and performance impacts. Supply Chain Management: An International Journal 14(2):99-108.
[13] Falcone EC, Ridge JW (2024) An investigation of corporate social responsibility conformity: The roles of network prominence and supply chain partners. Journal of Operations Management 70(4):600-629.
[14] Gibson CB (2022) Investing in communities: Forging new ground in corporate community codevelopment through relational and psychological pathways. Academy of Management Journal 65(3):930-957.
[15] Grossman GM, Helpman E, Lhuillier H (2023) Supply chain resilience: Should policy promote international diversification or reshoring? Journal of Political Economy 131(12):3462-3496.
[16] Hersel MC, Gangloff KA, Shropshire C (2023) Mixed messages: Crisis communication-dismissal (in)coherence and shareholder trust following misconduct. Academy of Management Journal 66(2):638-666.
[17] Hsueh C, Chang M (2008) Equilibrium analysis and corporate social responsibility for supply chain integration. European Journal of Operational Research 190(1).
[18] Gao J (2021) Managing liquidity in production networks: The role of central firms. Review of Finance:819–861.
[19] Cruz JM (2013) Mitigating global supply chain risks through corporate social responsibility. International Journal of Production Research 51(13).
[20] Kim Y, Chen YS, Linderman K (2015) Supply network disruption and resilience: A network structural perspective. Journal of Operations Management 33:43–59.
[21] Li LJ, Shou YY (2024) The impact of project-based interorganizational networks: Evidence from the Chinese movie industry. Journal of Operations Management.
[22] Li SP, Lu JWZ (2023) A dual-agency model of firm CSR in response to institutional pressure: Evidence from Chinese publicly listed firms. Academy of Management Journal 63(6):2004-2032.
[23] McDonnell MH, Cobb JA (2020) Take a stand or keep your seat: Board turnover after social movement boycotts. Academy of Management Journal 63(4):1028-1053.
[24] Palit S, Hora M, Ghosh S (2022) Global buyer-supplier networks and innovation: The role of technological distance and technological breadth. Journal of Operations Management 68(6-7):755-774.
[25] Herkenhoff P, Krautheim S, Semrau FO, Steglich F (2024) Corporate social responsibility along the global value chain. Journal of Development Economics 167.
[26] Sonis M, Hewings GJD (1998) Economic complexity as network complication: Multiregional input-output structural path analysis. The Annals of Regional Science 32(3):407-436.
[27] Villena VH, Wilhelm M, Xiao CY (2021) Untangling drivers for supplier environmental and social responsibility: An investigation in Philips Lighting's Chinese supply chain. Journal of Operations Management 67(4):476-510.
[28] Chen XD, Liu Y, Zhou K (2022) Research on the path of digital economy to improve China’s industrial chain resilience. Reform of Economic System (01):95–102.
[29] Gu L, Guo J, Wang H (2020) Corporate social responsibility, financing constraints and corporate financialization. Journal of Financial Research (02):109-127.
[30] Lai G, Zhao H, Guo Y, Wu G (2025) Measurement of industry resilience and network correlation effect from the perspective of industrial chain: Empirical evidence from daily industry power consumption data. Systems Engineering-Theory & Practice. https://link.cnki.net/urlid/11.2267.N. 20250821.1506.002.
[31] Ma X, Huang M, Yang M (2023) Research on influencing factors of supply chain resilience: Based on SEM and fsQCA methods. Systems Engineering-Theory & Practice 43(09):2484–2501.
[32] Si L, Cao H (2022) Can green credit policy improve corporate environmental social responsibility? From the perspective of external constraints and internal attention. China Industrial Economics (04):137-155. https://doi.org/10.19581/j.cnki.ciejournal.2022.04.009.
[33] Song Y, Liu Y, Zhang L (2023) Heterogeneous institutional investors' shareholding and corporate reputation: An empirical test based on the mediating effect of corporate social responsibility. Chinese Journal of Management Science 31(07):103-114. https://doi.org/10.16381/j.cnki.issn1003-207x.2021.0070.
[34] Tian H, Liu Y (2024) The legitimacy dilemma of digital transformation: Agency conflict between "symbolic commitment" and "substantive performance" of corporate social responsibility. R&D Management:1-12. https://doi.org/10.13581/j.cnki.rdm.20241387.
[35] Xi S, Hua S, Zhao H (2018) Risk assessment of supply chain social responsibility of production-oriented enterprises: An analysis based on Bayesian network model. Commercial Accounting (19):60-63.
[36] Xu J, Tian Y (2014) Corporate social responsibility risk evaluation based on sustainable supply chain management. Chinese Journal of Management Science S1:93.
[37] Zhang J, Li Z (2024) To wear the crown, one must bear its weight: The responsibility and commitment of core enterprises in the supply chain network—A study from the ESG perspective. Foreign Economics & Management 46(07):86-101. https://doi.org/10.16538/j.cnki.fem.20231218.202.