Corporate social responsibility and financial performance: The case in Vietnam
This study aims to examine the impact of corporate social responsibility (CSR) on the financial performance of Vietnamese listed companies from 2012 to 2017. The study uses Fixed effects model and System Generalized Method of Moments to estimate models. The study contributes by analyzing the impact...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2022-12-01
|
| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2075600 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850185532856860672 |
|---|---|
| author | Canh Thi Nguyen Liem Thanh Nguyen Nhu Quynh Nguyen |
| author_facet | Canh Thi Nguyen Liem Thanh Nguyen Nhu Quynh Nguyen |
| author_sort | Canh Thi Nguyen |
| collection | DOAJ |
| description | This study aims to examine the impact of corporate social responsibility (CSR) on the financial performance of Vietnamese listed companies from 2012 to 2017. The study uses Fixed effects model and System Generalized Method of Moments to estimate models. The study contributes by analyzing the impact of social responsibility under three perspectives, namely economic, environmental and social responsibility in a developing country’s setting. The results suggest that overall CSR disclosure has a negative impact on firm performance, but the perspectives provide a more complete view: environmental responsibility shows a clear negative influence, while social responsibility demonstrates a preferable but weak impact on financial performance. The economic aspect does not show a significant effect on firm performance. The most burdensome category of CSR is the environment-related one, which calls for more careful employment of this investment and governmental support to ensure that it is more efficient. |
| format | Article |
| id | doaj-art-e14d30b7408a4cd885bf40d0c0faab90 |
| institution | OA Journals |
| issn | 2332-2039 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj-art-e14d30b7408a4cd885bf40d0c0faab902025-08-20T02:16:40ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2075600Corporate social responsibility and financial performance: The case in VietnamCanh Thi Nguyen0Liem Thanh Nguyen1Nhu Quynh Nguyen2University of Economics and Law, Ho Chi Minh, VietnamUniversity of Economics and Law, Ho Chi Minh, VietnamUniversity of Economics and Law, Ho Chi Minh, VietnamThis study aims to examine the impact of corporate social responsibility (CSR) on the financial performance of Vietnamese listed companies from 2012 to 2017. The study uses Fixed effects model and System Generalized Method of Moments to estimate models. The study contributes by analyzing the impact of social responsibility under three perspectives, namely economic, environmental and social responsibility in a developing country’s setting. The results suggest that overall CSR disclosure has a negative impact on firm performance, but the perspectives provide a more complete view: environmental responsibility shows a clear negative influence, while social responsibility demonstrates a preferable but weak impact on financial performance. The economic aspect does not show a significant effect on firm performance. The most burdensome category of CSR is the environment-related one, which calls for more careful employment of this investment and governmental support to ensure that it is more efficient.https://www.tandfonline.com/doi/10.1080/23322039.2022.2075600Corporate social responsibilityfinancial performanceenvironmentstakeholder theorylegitimacy theory |
| spellingShingle | Canh Thi Nguyen Liem Thanh Nguyen Nhu Quynh Nguyen Corporate social responsibility and financial performance: The case in Vietnam Cogent Economics & Finance Corporate social responsibility financial performance environment stakeholder theory legitimacy theory |
| title | Corporate social responsibility and financial performance: The case in Vietnam |
| title_full | Corporate social responsibility and financial performance: The case in Vietnam |
| title_fullStr | Corporate social responsibility and financial performance: The case in Vietnam |
| title_full_unstemmed | Corporate social responsibility and financial performance: The case in Vietnam |
| title_short | Corporate social responsibility and financial performance: The case in Vietnam |
| title_sort | corporate social responsibility and financial performance the case in vietnam |
| topic | Corporate social responsibility financial performance environment stakeholder theory legitimacy theory |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2075600 |
| work_keys_str_mv | AT canhthinguyen corporatesocialresponsibilityandfinancialperformancethecaseinvietnam AT liemthanhnguyen corporatesocialresponsibilityandfinancialperformancethecaseinvietnam AT nhuquynhnguyen corporatesocialresponsibilityandfinancialperformancethecaseinvietnam |