Corporate social responsibility in Vietnam: Systematic review of research and future directions

Nguyen, Minh; Khan, Majid; Bensemann, Jo

doi:10.1108/sbr-09-2020-0114

Cited by 9 publications

(9 citation statements)

References 110 publications

(169 reference statements)

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“…Kane et al (2022) indicate that multinational enterprises or large firms in Vietnam often integrate the CSR activities into their business strategies. Meanwhile, various small and medium enterprises in Vietnam have a negative attitude toward establishing codes of conduct or management tools to promote human rights (Nguyen et al , 2022). From a human right’s point of view, Vietnamese firms are expected to offset limitations of national social budget such as completing the welfare gap.…”

Section: Literature Reviewmentioning

confidence: 99%

The interrelationship between intellectual capital, corporate governance and corporate social responsibility

Van

Hoang

et al. 2022

SRJ

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Purpose Intellectual capital, corporate governance (CG) and corporate social responsibility (CSR) are generally considered three essential pillars to enhance firms’ performance in the developed world. However, in developing countries such as Vietnam, these pillars have not received sufficient attention from practitioners. In addition, this study aims to investigate the interrelationship between these three essential pillars and their combined effects, in the Vietnamese context. Design/methodology/approach This study uses data collected from the annual reports of the largest listed banks in Vietnam from 2011 to 2018. Intellectual capital is measured using a modified value-added intellectual coefficient model. CG is proxied by board remuneration. This study measures CSR using the ratio between charitable contributions and profit before tax. In addition, this study uses the generalized method of moments to overcome several econometric problems exhibited in previous empirical studies. Findings Results indicate that CG and CSR have a positive impact on intellectual capital. Intellectual capital plays a moderating role in the relationship between CG and CSR. Moreover, CG and intellectual capital in the previous year significantly affect CG in the current year. Practical implications Based on the findings from this study, policy implications have emerged for bank executives and policymakers in formulating and implementing policy about the balance between intellectual capital accumulation, CG and CSR. Originality/value To the best of the authors’ knowledge, this is the first empirical study conducted to examine the interrelationship between intellectual capital, CG and CSR and their combined effects in emerging countries such as Vietnam.

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Section: Literature Reviewmentioning

confidence: 99%

The interrelationship between intellectual capital, corporate governance and corporate social responsibility

Van

Hoang

et al. 2022

SRJ

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“…In their investigation, the CSR affecting characteristics of Vietnamese culture incorporate tall collectivism, expansive control removes, direct instability shirking, direct manliness, and direct longterm introduction. In understanding with the authors' earlier investigation of connection between culture and recognition of CSR, these characteristics proposed that corporate managers' discernment toward CSR exercises is more likely to be negative [10]. However, the rule does not specify how the corporation will apply CSR.…”

Section: The Frame Work and Regulation On Csr In Vietnammentioning

confidence: 99%

“…This logic holds that organizational entities exist in nested arrangements, and their actions are the result of contextual influences from multiple levels of social context [10]. However, definitions of social context and multilevel systems are notoriously wide and vague.…”

Section: Figure 1 Conceptmentioning

confidence: 99%

“…Meanwhile, in order to help coordinate with the global economy, the Vietnamese government has been obliged to take an interest in global CSR operations due to a request for more prominent regulation and monitoring of governments on trade self-interest practices internationally [5]. For example, in more recent exchange and venture understandings, particularly the Trans-Pacific Organization, Vietnam has committed to empowering endeavors working within its domain to intentionally incorporate CSR into their policies, and to effectively fill enactment gaps in compliance with global measures on issues related to labor rights and natural weakening [10]. These authoritative changes are anticipated to continuously encourage the improvement of CSR among businesses in Vietnam.…”

Section: Figure 1 Conceptmentioning

confidence: 99%

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The Conceptual Framework of Corporate Social Responsibility for Indonesia: Learning Study of CSR in Vietnam

Setiawati¹

2023

Proceedings of the 3rd Borobudur International Symposium on Humanities and Social Science 2021 (BIS-HSS 2021)

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This research attempts to analyze and discover the conceptual framework of CSR in Indonesia by studying CSR in Vietnam. Since 2007, Indonesia has been the first country in the world to pass legislation governing CSR performance. CSR is mandated and regulated in Indonesia by many laws, including legislation number 25 of 2007, law number 40 of 2007, and law number 19 of 2003. CSR was critical to adopt in the corporate sector. As the phenomena of corporate social responsibility (CSR) spreads internationally, the question of how the conceptual framework of CSR in developing nations should evolve emerges. Indonesia and Vietnam are emerging countries experiencing significant economic expansion, as well as sociological and technological difficulties, as a result of greater commercial activity in the free market period. The legal normative technique is used in this study. The conceptual approach, the statutory approach, and the sociological method were employed in this study. The multiple CSR legislation in Indonesia remain ambiguous in terms of defining and regulating CSR. As a result, the purpose of this research is to discover the conceptual framework of CSR in Indonesia by studying the conceptual framework of CSR in Vietnam. The conceptual framework consists of three distinct institutional level characteristics that may have an impact on the nature of CSR in Indonesia. Tradition, political governance, and modernism are examples of contextual influences. Furthermore, the researcher discovered that the Triple Bottom Line principle is used in the conceptual framework of CSR in Indonesia (profit, planet and people). However, Indonesia still has to understand Vietnam's CSR conceptual framework. This is a relatively new study, since previous studies focused on the implementation and regulation of CSR in Indonesia. This research will also look for the conceptual framework of CSR in Indonesia.

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“…Despite corporate social responsibility (CSR) studies recurrently showing that consumers show brand loyalty and prefer to buy products and services, even at a higher price, from a socially responsible firm (Minh et al , 2021; Amoako et al , 2021), the linkage between a firm’s CSR activities and its financial performance is not always clear (Kuokkanen, 2017). Unlike CSR, the concept of CSV propagates a strategic integration of economic gain to the organization besides resolving social issues (Porter and Kramer, 2011; Bosch-Badia et al , 2013; Epstein-Reeves, 2012; Moon et al , 2011).…”

Section: Introductionmentioning

confidence: 99%

Does the concept of “creating shared value” make sense for multinational firms?

Nandi

Sindhi

2022

SBR

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Purpose The paper aims to explore how Porter and Kramer’s “Creating shared value” (CSV) framework supports the multinational corporation’s business model to turn social problems into business opportunities in two contextually different international markets. Design/methodology/approach Conceptually, the paper uses the CSV framework to argue that evaluation of business models in different societal contexts (geographically, culturally and economically) might be able to shed more light on the firm-societal needs. Empirically, the paper conducts a comparative content analysis of the business models of an international brand of a three-wheeler vehicle – Piaggio Ape – in Italy and India since its launch right after World War II. The content for qualitative analysis was identified using the Nexis Uni database. Findings Findings reveal that CSV outlines the strategy for firms to integrate societal concerns uniquely into their business models, rather than solving them in isolation. However, the business model performances resulting from these firm–society linkages may vary in an emerging market and a developed market. Regulatory fit is yet another factor that decides how well CSV could be applied. Research limitations/implications Given CSV’s contradictory perception in corporate governance literature, the study empirically establishes its theoretical value in explaining the actions and success of strategic decisions that large multinational firms take. The interactions between the underlying attributes of four CSV strategies, the regulatory fit and business model success are articulated in the form of propositions and an integrated CSV framework. Given the paper’s two-case comparative analysis, the generalizability of the identified attributes of the four CSV strategies is limited and therefore calls for future research using larger samples of firms practicing shared value perspectives. Practical implications Corporate and international business managers can use the study findings and the proposed framework to comprehend scenarios beyond business systems and to apply CSV as a tool to address market needs in concurrence with addressing environmental and societal concerns. Originality/value The paper is one of the initial attempts to evaluate and extend the “CSV” perspective in the international business context and, thus, promises a broad future research scope.

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Corporate social responsibility in Vietnam: Systematic review of research and future directions

Cited by 9 publications

References 110 publications

The interrelationship between intellectual capital, corporate governance and corporate social responsibility

The interrelationship between intellectual capital, corporate governance and corporate social responsibility

The Conceptual Framework of Corporate Social Responsibility for Indonesia: Learning Study of CSR in Vietnam

Does the concept of “creating shared value” make sense for multinational firms?

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