How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose.
This research aims to examine the impact of corporate social responsibility (CSR) on corporate financial performance (CFP) from short-term and long-term perspectives. We collect data on firms listed in VietNam Index from 2015 to 2019. We implement random and fixed effects panel data techniques on th...
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| Định dạng: | Research Paper |
| Ngôn ngữ: | English |
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University of Economics Ho Chi Minh City
2024
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| Truy cập trực tuyến: | https://digital.lib.ueh.edu.vn/handle/UEH/71056 |
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oai:localhost:UEH-710562024-05-31T20:01:48Z How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. Vũ Quỳnh Trang Phan Chung Thủy Trần Ngọc Minh Khoa Văn Thị Khánh Ngân Thái Thị Vân Anh Corporate social responsibility Corporate financial performance Accouting-based Market-based This research aims to examine the impact of corporate social responsibility (CSR) on corporate financial performance (CFP) from short-term and long-term perspectives. We collect data on firms listed in VietNam Index from 2015 to 2019. We implement random and fixed effects panel data techniques on the sample data, which is adjusted for heteroskedasticity, serial correlation, and/or cross-sectional dependency. Our study investigates firm’s performance based on two different methods: accounting-based and market-based. The results show that CSR has positively associated with CFP. Thus, firms that implement CSR strategies achieve better financial performance than those that do not. Additionally, economic responsibility, one of three CSR’ components due to GRI standards adapted in emerging countries, significantly impacts financial performance compared with other perspectives. 2024-05-28T03:36:27Z 2024-05-28T03:36:27Z 2023 Research Paper https://digital.lib.ueh.edu.vn/handle/UEH/71056 en Giải thưởng Nhà nghiên cứu trẻ UEH 2023 reserved 36 p. University of Economics Ho Chi Minh City |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
| collection |
DSpaceUEH |
| language |
English |
| topic |
Corporate social responsibility Corporate financial performance Accouting-based Market-based |
| spellingShingle |
Corporate social responsibility Corporate financial performance Accouting-based Market-based Vũ Quỳnh Trang How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. |
| description |
This research aims to examine the impact of corporate social responsibility (CSR) on corporate financial performance (CFP) from short-term and long-term perspectives. We collect data on firms listed in VietNam Index from 2015 to 2019. We implement random and fixed effects panel data techniques on the sample data, which is adjusted for heteroskedasticity, serial correlation, and/or cross-sectional dependency. Our study investigates firm’s performance based on two different methods: accounting-based and market-based. The results show that CSR has positively associated with CFP. Thus, firms that implement CSR strategies achieve better financial performance than those that do not. Additionally, economic responsibility, one of three CSR’ components due to GRI standards adapted in emerging countries, significantly impacts financial performance compared with other perspectives. |
| author2 |
Phan Chung Thủy |
| author_facet |
Phan Chung Thủy Vũ Quỳnh Trang |
| format |
Research Paper |
| author |
Vũ Quỳnh Trang |
| author_sort |
Vũ Quỳnh Trang |
| title |
How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. |
| title_short |
How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. |
| title_full |
How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. |
| title_fullStr |
How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. |
| title_full_unstemmed |
How does corporate social responsibility impact financial performance? Empirical evidence from Vietnamese listed firms on hose. |
| title_sort |
how does corporate social responsibility impact financial performance? empirical evidence from vietnamese listed firms on hose. |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2024 |
| url |
https://digital.lib.ueh.edu.vn/handle/UEH/71056 |
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AT vuquynhtrang howdoescorporatesocialresponsibilityimpactfinancialperformanceempiricalevidencefromvietnameselistedfirmsonhose |
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