Factors Influencing Corporate Social Responsibility Disclosure and Its Impact on Financial Performance: The Case of Vietnam

Nguyễn, Thành Hưng; Vu, Quang Trong; Nguyen, Duc Minh; Le, Hoang Long

doi:10.3390/su13158197

Cited by 34 publications

(32 citation statements)

References 66 publications

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“…The content analysis method is one of the most common and popular strategies for examining sustainability or environmental information documented in the annual report [93,94]. Many prior research relied heavily on corporations' annual reports as the primary source of sustainability or environmental data for SEA research [95][96][97]. As such, this study employs a content analysis method to extract carbon-specific data from the sampled corporations' annual reports.…”

Section: Research Instrument and Data Analysismentioning

confidence: 99%

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

2021

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This paper examines the effect of two Australian environmental regulatory changes, specifically the Clean Energy Act (CEA) 2011 and the National Greenhouse and Energy Reporting (NGER) Act 2007 with reference to voluntary corporate carbon disclosure practices. In doing so, it describes the brief history of this carbon-related regulatory change, its scope, enforcement criteria and corporations’ disclosures. This is a longitudinal analysis of 219 annual reports of 73 listed corporations in Australia which were subjected to carbon tax and report carbon emissions as per the CEA 2011 and NGER Act 2007 accordingly. Any corporation or facility that emitted scope 1 emissions of 25,000 tonnes of carbon dioxide equivalent (CO2-e) or more were liable for a carbon tax in accordance with CEA 2011. Drawing on stakeholder theory and legitimacy theory, this study uses content analysis to examine corporate carbon disclosure. The findings suggest there is a considerable increase in the number of carbon-related disclosures following these regulations being enacted as law. In addition, carbon-specific communication has become much more prevalent and accounts for a larger proportion of the sampled organisations’ reported environmental information. The results of this study enrich the validity of the hypothesis that organisations would seek to legitimise their operations to stakeholders by increasing their environment-related declarations. The evidence presented in the analysis confirms the assertion that government environmental legislation/regulation has a positive impact on corporate behaviour and accountability. These findings have significant consequences for the government, decision-makers and the accounting profession, indicating that regulatory guidance enhances both mandatory and voluntary disclosure. It also offers key insights into the possible impacts of the carbon regulatory change for future research to consider.

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Section: Research Instrument and Data Analysismentioning

confidence: 99%

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

2021

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“…At the same time, sufficient support for issuing global CSR certificates is not provided [11]. In cases where businesses communicate CSR activities, they are likely to announce them in their yearly report or, rarely, in a CSR report or sustainable report; however, the report indicators and methods are inconsistent [12]. Most companies take on CSR superficially and spontaneously due to their altruistic motives and do not put much effort into fulfilling their social responsibility.…”

Section: Introduction 1research Backgroundmentioning

confidence: 99%

Consumers’ Perspectives and Behaviors towards Corporate Social Responsibility—A Cross-Cultural Study

Hsu

Bui

2022

Sustainability

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This study measured consumers’ perspectives and behaviors with respect to corporate social responsibility (CSR). Specifically, we explored the components of CSR, including CSR aimed towards the environment, society, customers, employees, suppliers, and shareholders. We also examined the impact of CSR practices on brand attitude and purchase intention. The study surveyed 616 consumers across three locations, with detailed questionnaires in four languages. A total of 564 samples (186 from Vietnam, 189 from Indonesia, and 189 from Taiwan) qualified for data analysis. Additionally, statistics software including LISREL 8.8, STATISTICA 10, and MINITAB 19 were utilized to evaluate our hypotheses and construct a structural model. The results indicated that the consumers across the three areas were not concerned about CSR aimed towards shareholders, while all consumers considered CSR aimed towards themselves. Vietnamese customers prioritized a company’s care for its employees, while both Indonesian and Taiwanese consumers concentrated on the environment and society. In addition, suppliers’ benefits and rights attracted Indonesians’ attention. Furthermore, CSR had a positive significant impact on brand reputation in all three cultures. However, while CSR had a positive influence on customer purchase intention in Indonesia and Taiwan, it did not in Vietnam.

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“…In line with legitimacy theory, companies used CSR to respond to political and public pressure (Dowling & Pfeffer 1975;Moratis & Egmond 2018;Nguyen et al 2021). Despite Ismaeel et al (2021) reported an insignificant relationship between environmentally sensitive industries and CSR, Solikhah (2016) and Hrasky (2011) added that companies in the sensitive industry changed and improved their sustainability disclosures following to greater stakeholder awareness and pressure.…”

Section: Industry and Csrmentioning

confidence: 99%

“…On the contrary, opponents have argued that CSR in the sensitive industry sector cannot be fully trusted (Solikhah 2016). Companies involved in controversial sectors might have more robust initiatives to commit to CSR as a way of management's self-serving behaviour disguising their harmful business nature and accomplishing legitimacy (Nguyen et al 2021). Scholars have reported that companies in the sensitive industry disclose more CSR despite the arguments above.…”

Section: Industry Effects and Csrmentioning

confidence: 99%

Corporate Social Responsibility, Earnings Management and Industry Type: Does CSR Reinforce Entrenchment Strategy?

2022

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Managers could opportunistically misuse corporate social responsibility (CSR) to obfuscate earnings management (EM) by reporting more CSR activities that eventually accomplished stakeholders' advocacy as their demands on CSR are satisfied. Likewise, sensitive industries have a higher commitment to CSR to appease their stakeholders' adverse reactions to the nature of their business. This study examines the relationship between EM and sensitive industries on CSR (proxied by the quality of CSR disclosure) and the moderating role of sensitive industries in the relationship between EM and CSR. Employing multiple regression analysis on Malaysian public listed companies for the year 2016, this study finds an insignificant association between EM and CSR, a positive association between sensitive industries companies and CSR and sensitive industries moderate the relationship between EM and CSR. This study offers practical implications for companies to strengthen their corporate governance mechanisms and for investors to cautiously evaluate the companies' ethics.

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Factors Influencing Corporate Social Responsibility Disclosure and Its Impact on Financial Performance: The Case of Vietnam

Cited by 34 publications

References 66 publications

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

Consumers’ Perspectives and Behaviors towards Corporate Social Responsibility—A Cross-Cultural Study

Corporate Social Responsibility, Earnings Management and Industry Type: Does CSR Reinforce Entrenchment Strategy?

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