The effect of corporate governance elements on corporate social responsibility reporting of listed companies in Vietnam

Nguyen, Thanh Hung; Nguyen, Quynh Trang; Nguyen, Duc Minh; Le, Thi Hong Anh

doi:10.1080/23311975.2023.2170522

Cited by 15 publications

(17 citation statements)

References 66 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, the monitoring role of female directors is challenged by the weak corporate governance framework in Vietnamese stock market. Hai and Nunoi (2008), McGee (2009), Minh and Walker (2008) and Nguyen (2008) show that Vietnam fails to have a consistent and enforceable system of legal documents on corporate governance. According to the ADB, Vietnam has the weakest corporate governance market among six ASEAN countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) in 2019.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…Second, the weak corporate governance mechanism in Vietnam may change the way through which female directors affect investment efficiency. Established in 2000, Vietnamese stock market failed to have an enforceable legal framework on corporate governance (Hai & Nunoi, 2008; Nguyen, 2008) and a transparent mechanism of information disclosure (McGee, 2009; Minh & Walker, 2008). The ASEAN Corporate Governance Scorecard published by the Asian Development Bank (ADB) in 2019 shows that Vietnam has the lowest score among six participating countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Female Directors and Investment Efficiency: New Evidence from an Emerging Market

Dao,

Tran,

Vuong

et al. 2023

Indian Journal of Corporate Governance

View full text Add to dashboard Cite

Prior studies show that the effect of female directors on corporate investment efficiency is mixed. This article investigates this relationship in a weak corporate governance setting. With a data of 4,653 firm-years from 582 firms listed in Vietnam during the period 2009–2020, we find that female directors decrease corporate investment efficiency through increasing underinvestment and they have no significant effect on overinvestment. Moreover, the negative relationship between female directors and investment efficiency is stronger in state-owned firms.

show abstract

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Female Directors and Investment Efficiency: New Evidence from an Emerging Market

Dao,

Tran,

Vuong

et al. 2023

Indian Journal of Corporate Governance

View full text Add to dashboard Cite

show abstract

“…According to a report named "Balance between principles and flexibility" conducted by KPMG and ACCA in 2015, Vietnam only ranked 22nd in corporate governance among 25 reported countries (Cafef, 2015). In addition, the study of Nguyen (2008) also indicates one of the main limitations shared among many corporations is weak external supervision, which benefits large shareholders rather than all parties having stakes in the firms. Acting as agents, managers are obligated to take on an optimal level of risk to maximize shareholders' wealth.…”

Section: Introductionmentioning

confidence: 99%

Stakeholder theory, risk-taking and firm performance

Dao

Phan

2023

View full text Add to dashboard Cite

Purpose This study, using stakeholder approach, aims to examine the impact of corporate governance and risk-taking on the performance of the top 100 nonfinancial listed firms in Vietnam from 2015 to 2019. Design/methodology/approach The theoretical and empirical studies are reviewed for rational hypotheses development. Firm performance is represented by return on assets, return on equity and Tobin’s Q. Findings Specifically, concentrated ownership structure, large workforce, being a great workplace, quick sales growth, high receivables turnover, being funded by both the state and foreigners and high-risk exposure positively affect firm performance. However, a high level of state ownership or foreign ownership, more independent members on board, large board size and chief executive officer (CEO) duality show an inverse effect. Besides, an inverted U-shaped relationship with firm performance is recognized for liquidity ratios. Originality/value This study uses three triangles, including governance, risk, and performance. The paper offers some evidence-based recommendations to improve firm performance in Vietnamese businesses.

show abstract

“…Prevailing literature underscores a conspicuous void concerning the depth of proficiency and acumen that boards should inherently possess in steering CSR outcomes, especially within developing landscapes. This void spans across board competency, board heterogeneity, domain‐specific expertise, cultural nuances, and the nature of ownership structures, be it predominantly governmental or family‐centric (Al Amosh & Khatib, 2021; Borlea et al, 2017; Ghazalat et al, 2017; Haddad et al, 2015; Manrique & Marti‐Ballester, 2017; Marashdeh et al, 2021; Nguyen et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

“…Historically, the bulk of inquiries addressing past CSR performance discrepancies have predominantly been rooted in developed countries, owing to the disparate ramifications of CSR undertakings between developed and developing contexts (Manrique & Marti‐Ballester, 2017). This narrative is further compounded by the palpable gap in corporate cognizance about the imperatives of CSR, and the extent of CSR disclosures within emergent markets, more so within the Jordanian economic milieu (Al Amosh & Khatib, 2021; Manrique & Marti‐Ballester, 2017; Nguyen et al, 2023; Williams, 1999). Furthermore, a glaring lacuna in extant literature pertains to the interplay between corporate governance, emphasizing the board's role, and CSR disclosures.…”

Section: Introductionmentioning

confidence: 99%

Exploring the mediating role of corporate social responsibility in the connection between board competence and corporate financial performance amidst global uncertainties

Al Frijat,

Albawwat,

Elamer

2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

Despite the growing literature on corporate social responsibility (CSR), little is known about how the board of directors' competence can affect the CSR‐financial performance relationship during severe uncertainties such as the COVID‐19 outbreak. This paper focuses on exploring the mediating role of CSR in the connection between board competence and corporate financial performance amidst global uncertainties. The sample consists of Jordanian companies listed on the Amman Stock Exchange. Data were analyzed using the partial least square structural equation modeling. The findings show that boards' CSR competence has a direct and indirect positive impact on financial performance. Therefore, boards of directors' CSR competence can be seen as enablers for CSR activities. In this regard, companies could invest more in qualifying board directors to be socially responsible and enhance their role in improving corporate financial performance. This study identifies and provides empirical evidence on a critical enabler of CSR activities (i.e., boards of directors' CSR competence) from a developing country perspective. This, in turn, could widen the management and other stakeholders' understanding of CSR‐enhancing factors and therefore increase its efficiency. We provide theoretical and practical implications to guide regulators and businesses to ensure sustainable development.

show abstract

The effect of corporate governance elements on corporate social responsibility reporting of listed companies in Vietnam

Cited by 15 publications

References 66 publications

Female Directors and Investment Efficiency: New Evidence from an Emerging Market

Female Directors and Investment Efficiency: New Evidence from an Emerging Market

Stakeholder theory, risk-taking and firm performance

Exploring the mediating role of corporate social responsibility in the connection between board competence and corporate financial performance amidst global uncertainties

Contact Info

Product

Resources

About