Corporate social responsibility (CSR) has over the past decades transformed from a philanthropic attribute to something compulsory. It has become the imperative duty of organisations, irrespective of their size, nature of business and age. However, because of poor financial capabilities and lack of support, newly established ventures too often fail to voluntarily participate in social and environmental activities. This is one reason why national governments have initiated various programs and policies to encourage CSR and environmental activities in new ventures. However, previous studies have yet to fully reveal the effects of entrepreneurial finance on CSR and the environmental, financial and innovative performance of newly established ventures. To fill this gap, we used a survey to gather empirical evidence from 255 newly established ventures. The results indicate that entrepreneurial finance directly contributes to financial performance, while indirectly contributing to environmental and innovative performance through CSR. Our research recommends that new ventures efficiently utilise entrepreneurial finance to configure CSR activities that achieve high profitability, and environmental and innovative performance. Moreover, our research encourages governments to make financial loans to ventures engaged in social and environmental activities to help them reach their sustainable development goals.

在过去的几十年里，企业社会责任 (CSR) 从慈善属性转变为强制性属性。它已成为组织的当务之急，无论其规模、业务性质和年龄如何。然而，由于财务能力差和缺乏支持，新成立的企业往往无法自愿参与社会和环境活动。这就是各国政府发起各种计划和政策以鼓励新企业开展企业社会责任和环境活动的原因之一。然而，以往的研究尚未充分揭示创业融资对企业社会责任以及新成立企业的环境、财务和创新绩效的影响。为了填补这一空白，我们通过一项调查从 255 家新成立的企业中收集了经验证据。结果表明，创业融资直接促进财务绩效，同时通过企业社会责任间接促进环境和创新绩效。我们的研究建议新企业有效地利用创业融资来配置企业社会责任活动，以实现高盈利能力、环境和创新绩效。此外，我们的研究鼓励政府向从事社会和环境活动的企业提供金融贷款，以帮助他们实现可持续发展目标。我们的研究建议新企业有效地利用创业融资来配置企业社会责任活动，以实现高盈利能力、环境和创新绩效。此外，我们的研究鼓励政府向从事社会和环境活动的企业提供金融贷款，以帮助他们实现可持续发展目标。我们的研究建议新企业有效地利用创业融资来配置企业社会责任活动，以实现高盈利能力、环境和创新绩效。此外，我们的研究鼓励政府向从事社会和环境活动的企业提供金融贷款，以帮助他们实现可持续发展目标。