Corporate Social Responsibility and Corporate Financial Performance, Case of Vietnamese Listed Companies

Duc, Le Doan Minh; Thuy, Huynh Thi Xuan; Tien, Nguyen Hoang

doi:10.17512/znpcz.2018.4.23

Cited by 5 publications

(3 citation statements)

References 31 publications

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“…It is noteworthy that the contemporary CSR model treats enterprise as a strategic alliance of diverse stakeholders (Tien et al , 2019; Tien et al , 2018). An organisation in the contemporary model of CSR should be treated not as a machine for making a profit, but rather as an organic system with specific needs and objectives (Slinták, 2017).…”

Section: Resultsmentioning

confidence: 99%

Enhancing sustainability in the contemporary model of CSR: a case of fast fashion industry in developing countries

Nguyen

et al. 2020

SRJ

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Purpose This study aims to point out the importance and the relevance of sustainability issues and the need for their enhancement in the contemporary model of corporate social responsibility (CSR) as the top priority for business entities. Furthermore, it also highlights ways to enhance sustainability in the contemporary CSR model in the fast fashion industry of developing countries. Design/methodology/approach Literature review has been extensively done through available databases, including ProQuest and ScienceDirect. Findings This study delivers a full insight into the current state of research on the CSR model and sustainability in developing countries. The prevalent corporate environmental sustainability practices of global apparel brands are identified to propose ways to enhance sustainability in the contemporary CSR model. Research limitations/implications The growth of fast fashion industry brings the risks of unsustainability to developing countries. Thus, it is a must for the garment and textile companies to enhance a sustainable CSR model through promoting sustainable leadership and integrating corporate culture. Originality/value To the best of author’s knowledge, this study is the first to emphasise the role of sustainable leadership in promoting a sustainable CSR model in the fast fashion industry of developing countries.

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Section: Resultsmentioning

confidence: 99%

Enhancing sustainability in the contemporary model of CSR: a case of fast fashion industry in developing countries

Nguyen

et al. 2020

SRJ

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“…Source: Duc et al (2018). other noneconomic activities in order to catch up with the pace of growth of enterprises in developed countries. However, the findings of researches and the above-mentioned perceptions are decreasingly convincing as developing economies are approximating developed economies in terms of understanding the importance of CSR, ethical standards, and the rules of the law, once the world is globalized and differences between regions are fading away.…”

Section: Research Results and Discussionmentioning

confidence: 99%

Corporate financial performance due to sustainable development in Vietnam

Tien

Anh

Ngọc

2019

Corp Soc Responsibility Env

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Social responsibility and environmental sustainability issues began to be paid attention in Vietnam due to the impressive economic development in recent years. However, corporate social responsibility (CSR) is still quite a new management concept, especially for small and medium enterprises. Managers are facing multiple obstacles in executing CSR programs in accordance with international standards. Regarding corporate environmental sustainability (CES), the idea of sustainable development is a rising trend in today's business reality. Essentially, CSR is regarded as a part of the overall sustainability issues. For the purpose of studying the impact of CSR and CES on corporate financial performance (CFP), quantitative method has been used to examine the relation between CSR and CFP. Qualitative method has been applied to verify the relation between CSR, CES, and CFP. On the basis of findings, several useful suggestions are made for managers to improve business performance and sustainable development in Vietnam.

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“…Few companies implement CSR practices that focus on their external stakeholders. Less than 30 percent of the surveyed companies implement external CSR activities such as environmental protection and poverty reduction [15,16,39]. Furthermore, most companies implementing CSR activities are in the exporting industries such as textile, leather and shoe and seafood processing that must strictly obey CSR requirements, for example, good labour practices (SA8000) and food safety standards (HACCP).…”

Section: Corporate Social Responsibility (Csr) In the Vietnamese Foodmentioning

confidence: 99%

Corporate Social Responsibilities of Food Processing Companies in Vietnam from Consumer Perspective

Nguyen

et al. 2019

Sustainability

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Corporate social responsibility (CSR) has been receiving increasing attention in the international community since the Sustainable Development Goals (SDGs) emphasise effective corporate partnership. CSR is one of the most critical instruments linking corporate activities to the SDGs. Among various stakeholders, consumers can play an essential role in motivating companies to become socially responsible. However, there is little evidence from developing countries about the linkage between CSR and consumers. This paper, therefore, examines the relationship between consumers' perception of a company's CSR practices and their attitudes towards and intentions on purchasing its goods with empirical evidence from the Vietnamese food industry. The primary data was collected from 622 consumers using processed food in a self-administered survey in Northern Vietnam. Based on the structural equation modelling (SEM) analysis, this study shows that perception of CSR toward community has the most substantial influence on consumers' attitude, followed by the perception of CSR toward employees and perception of fair operating practices responsibility. Although Vietnamese consumers have knowledge of the CSR in the food processing industry, their response to either good or bad CSR practices is still insufficient. Hence, the Vietnamese government and civil society should actively intervene to strengthen CSR regulations and enhance consumers' CSR awareness.

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Corporate Social Responsibility and Corporate Financial Performance, Case of Vietnamese Listed Companies

Cited by 5 publications

References 31 publications

Enhancing sustainability in the contemporary model of CSR: a case of fast fashion industry in developing countries

Enhancing sustainability in the contemporary model of CSR: a case of fast fashion industry in developing countries

Corporate financial performance due to sustainable development in Vietnam

Corporate Social Responsibilities of Food Processing Companies in Vietnam from Consumer Perspective

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