Impact of Social Reponsibility Information Disclosure on the Financial Performance of Enterprises in Vietnam

Ha, Hoang Thi; Van, Vu Thi Thuy; Hung, Dang Ngoc

doi:10.17010/ijf/2019/v13i1/141017

Cited by 4 publications

(10 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In other words, investing in CSR activities will help organizations improve their FV. These results were in line with studies of Ha et al (2019), Hou (2019), Trihermanto and Nainggolan (2020) when they proved that CSR enhances the financial performance of the business (Hou, 2019), increase shareholders’ value through dividend policy (Trihermanto and Nainggolan, 2020) and FV in Vietnam (Ha et al , 2019). This may be stated that adopting CSR can assist companies in obtaining better resources, better workers, easier marketing of their products and services and improving the public image and company value (Holmes, 1976; Orlitzky et al , 2003; Marti et al , 2015; Martínez-Ferrero and Frías-Aceituno, 2015; Busch and Friede, 2018).…”

Section: Empirical Results and Discussionsupporting

confidence: 89%

“…The average ROA is 9%, similar to Nhung and Okuda (2015). Besides, the mean value of Tobin’s Q is 1.478, which is higher than in the study of Ha et al (2019). We observe that CSR overall score has a mean value is 25.7%.…”

Section: Empirical Results and Discussionmentioning

confidence: 48%

“…In the Vietnamese context, disclosing information related to CSR activities is encouraged by the government. The positive effect of CSR in the way to increase financial performance was tested (Nguyen et al , 2015; Ha et al , 2019). However, our results contrast with the research of Ngoc (2018) when she emphasized that increasing legal obligations for social responsibility can make banks get into trouble during the economic recession.…”

Section: Empirical Results and Discussionmentioning

confidence: 99%

“…Their findings indicated CSR disclosure in the previous year had a favorable impact on the financial performance of Vietnamese enterprises. Besides, CSR has a positive effect on the company’s financial performance as well as contributes to the reduction of corporate risk in the context of Vietnam (Ha et al , 2019).…”

Section: Background In Vietnammentioning

confidence: 99%

“…Besides, CSR was found to decrease the asymmetry of information and ensure the long-term survival of a company by limiting opportunistic behaviors. So, companies’ social responsibility was drawn attention because managers can use it to improve a firm’s performance (Ha et al , 2019).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

The nexus between corporate social responsibility and firm value: the moderating role of life-cycle stages

Khương

Anh

2022

SRJ

View full text Add to dashboard Cite

Purpose This study aims to examine the relationship between corporate social responsibility (CSR) and firm value (FV) with the moderating role of the organizational life cycle (OLC). Design/methodology/approach To fill the missing link of the CSR–FV relationship in the life cycle of the firms, this study divided the firm life cycle into five stages and tested the impact of FV on CSR in each phase. This study uses the ordinary least squares, generalized method of moments method with the dynamic panel data model of 225 Vietnamese listed companies for the period from 2014 to 2018. Findings This study’s findings confirm the positive effect of CSR on FV. Besides, in most of the stages of the firm life cycle, FV positively affects CSR practices, and this effect is highest in the growth stage. In the decline phase, the relationship between FV and CSR is complex depending on the resources and ability of companies. This study’s results are trusted through many robustness tests. Research limitations/implications This research does not include all financial, insurance and investment firms to measure the CSR–FV relationship with OLC as moderating role. Further research might conduct in the larger sample or using data in cross countries enhance the evidence for the given relationship. Originality/value This research contributes empirical evidence to the scientific literature on CSR, FV and OLC, which would be tremendously helpful for policymakers and business owners to enhance company efficiency.

show abstract

Section: Empirical Results and Discussionsupporting

confidence: 89%

Section: Empirical Results and Discussionmentioning

confidence: 48%

Section: Empirical Results and Discussionmentioning

confidence: 99%

Section: Background In Vietnammentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The nexus between corporate social responsibility and firm value: the moderating role of life-cycle stages

Khương

Anh

2022

SRJ

View full text Add to dashboard Cite

show abstract

Relationship between sustainability reporting and firm’s value: Evidence from Vietnam

Linh

Hung

Binh

2022

Cogent Business & Management

View full text Add to dashboard Cite

Effect of corporate governance on corporate social responsibility in Vietnam: state-ownership as the moderating role

Thủy

Khương

Anh

et al. 2022

JFRA

View full text Add to dashboard Cite

Purpose This study aims to investigate the association between corporate governance (CG) and the corporate social responsibility (CSR) information disclosure as well as the moderating role of state-ownership between CG and CSR disclosure. Design/methodology/approach To examine the relationship between CG and CSR disclosure, this study used the feasible general least squares and generalized method of moments method on a sample of 165 non-financial quoted companies over the 2015–2018 period, which account for about three-fourths of the Vietnamese stock exchange. Findings The findings suggest that enterprises with smaller board size consisting mainly of independent directors have a higher CSR disclosure level. Moreover, when the chief executive officer is concurrently the chairman of the board, the level of CSR disclosure falls. Additionally, the moderating role of state ownership enhances CSR disclosure. Research limitations/implications The empirical results of this study form a solid foundation for policymakers and other stakeholders’ decisions in investing or establishing policies. Originality/value This study provides empirical evidence on the relationship between CG and CSR disclosure in Vietnam – a developing country with no legal requirement on CSR disclosure. Moreover, this study emphasizes the moderating role of state ownership between CG and CSR disclosure, which clarifies the role of state ownership in establishing CG mechanisms.

show abstract

Impact of Social Reponsibility Information Disclosure on the Financial Performance of Enterprises in Vietnam

Cited by 4 publications

References 0 publications

The nexus between corporate social responsibility and firm value: the moderating role of life-cycle stages

The nexus between corporate social responsibility and firm value: the moderating role of life-cycle stages

Relationship between sustainability reporting and firm’s value: Evidence from Vietnam

Effect of corporate governance on corporate social responsibility in Vietnam: state-ownership as the moderating role

Contact Info

Product

Resources

About