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Factors influencing corporate social responsibility disclosure and its impact on financial performance: the case of Vietnam

Nguyen, T.H. and Vu, Q.T. and Nguyen, D.M. and Le, H.L. (2021) Factors influencing corporate social responsibility disclosure and its impact on financial performance: the case of Vietnam. Sustainability (Switzerland), 13 (15): 8197. ISSN 20711050

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Abstract

The study examines the impact of company size, industry sensitivity, government ownership, liquidity and company age on Corporate Social Responsibility Disclosure (CSRD) in 2019 annual reports of listed companies on the Vietnam stock market. We also consider the relationship between CSRD and the financial performance measured by return on assets (ROA) and return on equity (ROE). This study uses descriptive statistics and regression methods to test research hypotheses. The empirical findings show that company characteristics, including firm size, liquidity, government ownership and environmental industry sensitivity, are positively associated with firms’ CSRD level. Firm age does not influence the CSRD of listed companies. The CSRD significantly affects both ROA and ROE. Our study provides several suggestions to promote the CSR information disclosure of listed companies and enhance their social responsibility for sustainable development. © 2021 by the authors. Licensee MDPI, Basel, Switzerland.

Item Type: Article
Divisions: Institutes > Institute of Techniques for Special Engineering
Identification Number: 10.3390/su13158197
Uncontrolled Keywords: corporate social responsibility; environmental factor; firm size; government; hypothesis testing; industrial performance; ownership; stock market; sustainability; sustainable development; Viet Nam
Additional Information: Language of original document: English. All Open Access, Gold.
URI: http://eprints.lqdtu.edu.vn/id/eprint/8599

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