Gaining Competitive Advantage From CSR Policy Change –Case of Foreign Corporations in Vietnam

Tien, Nguyen Hoang; Anh, Dinh Ba Hung

doi:10.17512/pjms.2018.18.1.30

Cited by 18 publications

(17 citation statements)

References 25 publications

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“…Vietnamese enterprises have been so far identified as practicing social responsibility and switching towards environmental sustainability in an inadequate extent. Additionally, there are no many in‐depth academic studies carried out on the issues of CSR and CES in the local context of Vietnam (Tien & Hung Anh, ). This article's goal (research problem) is to study the relationship between CSR–CES and corporate financial performance (CFP) and, as next, to propose adequate solutions to enhance the CSR–CES performance to boost the CFP.…”

Section: Introductionmentioning

confidence: 99%

Corporate financial performance due to sustainable development in Vietnam

Tien

Anh

Ngọc

2019

Corp Soc Responsibility Env

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Social responsibility and environmental sustainability issues began to be paid attention in Vietnam due to the impressive economic development in recent years. However, corporate social responsibility (CSR) is still quite a new management concept, especially for small and medium enterprises. Managers are facing multiple obstacles in executing CSR programs in accordance with international standards. Regarding corporate environmental sustainability (CES), the idea of sustainable development is a rising trend in today's business reality. Essentially, CSR is regarded as a part of the overall sustainability issues. For the purpose of studying the impact of CSR and CES on corporate financial performance (CFP), quantitative method has been used to examine the relation between CSR and CFP. Qualitative method has been applied to verify the relation between CSR, CES, and CFP. On the basis of findings, several useful suggestions are made for managers to improve business performance and sustainable development in Vietnam.

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Section: Introductionmentioning

confidence: 99%

Corporate financial performance due to sustainable development in Vietnam

Tien

Anh

Ngọc

2019

Corp Soc Responsibility Env

Self Cite

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“…Companies have a special interest in applying the SDGs and integrating sustainability to ensure their long-term success (Redman, 2018). The first works on sustainability and profitability reflected that well-managed companies included sustainability as something positive in the sense of good corporate citizens (Rigby & Tager, 2008), but over the years, it has shown that sustainability managed through CSR is a success factor that generates positive impacts on business results (Porter & Kramer, 2006;Tien & Hung Anh, 2018). Only the very creation of a committee to implement and develop CSR is a mechanism that demonstrates the commitment to sustainable economic development (Hussain, Rigoni, & Orij, 2018), so it already has a value in itself.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

The progress of Corporate Social Responsibility from a Gender perspective through the Change Management

Díaz-Iglesias¹,

Blanco‐González²,

Orden‐Cruz³

2021

hdbr

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In recent years, one of the main priorities of companies has been to adapt their business activity and commercial strategy to be aligned with the 17 Sustainable Development Goals (SDGs) established by the United Nations, in its “2030 Agenda”. To overcome this challenge, companies develop and implement Corporate Social Responsibility (CSR) strategies. One of the objectives that have generated the most interest is Goal 5 dedicated to promoting gender equality. This study analyzes the gender equality evolution in companies as part of CSR through Change Management (CM). To do this, a longitudinal study was carried in the last ten years with an analysis of the content of various reports from four of the most important banks in Spain. The results corroborate the growing interest of the largest Spanish financial institutions in gender equality. Being women's access to employment, salary gap information, and the presence of women on the board of directors a priority. Likewise, the CM appears as a lever for the achievement of the SDGs by the entities, gaining relevance in recent years, and being linked to the strategic approach and business objectives for the development of CSR.

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“…Even though this literature remains thin, it shows a good level of diversity. Prior research on CSR in Vietnam has mainly focused on (1) conceptual framework [31][32][33] , (2) perceptions on CSR [34][35][36] , (3) CSR adoption and CSR performance 23,[37][38][39][40][41][42] with relevance to employee rights, labour standards and industrial actions [43][44][45][46] , (4) CSR in MNCs [47][48][49][50] , ( 5) CSR disclosure 51,52 and governance 53 , ( 6) government responsiveness and regulatory compliance 54 , and ( 7) the business case for CSR, which will be discussed in detail below. Though still scarce in quantity, the extant studies focusing on organisational-level consequences of CSR have provided evidence to support the business impact of CSR, such that CSR engagement can bring benefits to organisations in Vietnam, including enhancing employee behaviour [55][56][57] and customer behaviour [58][59][60][61][62][63][64][65] , improving firm efficiency 66 , promoting knowledge sharing 67,68 , increasing firm engagement to foreign markets 69 , increasing employees' productivity…”

Section: Csr-firm Financial Performance Evidence In Vietnammentioning

confidence: 99%

Corporate social responsibility and firm financial performance: A literature review

Nguyen

2020

Sci. Tech. Dev. J. Econ. Law. Manag.

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This paper aims to investigate the literature on Corporate Social Responsibility (CSR) to provide a comprehensive overview of whether CSR would make a difference to organisational financial outcomes. The paper also provides a closer focus on CSR research in Vietnam. Through an extensive analysis of 86 most recent empirical studies from 2015 to 2020, we found that the contribution of CSR to firm financial performance has received significant support from the literature. Yet the overall findings are still inconsistent, and the majority of evidence is mainly from developed countries. The current literature on CSR and firm performance highlights some important issues, ranging from theoretical background, CSR measures, methodological issues, the need to consider intervening factors in CSR-firm performance relationship, and the need to extend this literature further in developing and emerging countries. The literature on CSR-firm performance research in Vietnam closely resembles these problems. Research in this country domain is still scarce in both quantity and quality, reflecting in a number of issues including the limited number of international publications, the absence of theory-driven research, and the less rigorous research design. Building on these findings, we recommend future research to (i) adopt the multi-theoretical approach for a more extensive view on whether and how CSR contributes to firm performance; (ii) obtain more rigorous methodological approaches to measure a wide range of CSR dimensions and address the issue of endogeneity in CSR-firm performance causal relationship; (iii) open the Pandora box to explore why and through which channels CSR can improve firm financial performance with the presence of situational factors; and (iv) build the literature with more evidence from different country contexts and from developing and emerging countries.

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Gaining Competitive Advantage From CSR Policy Change –Case of Foreign Corporations in Vietnam

Cited by 18 publications

References 25 publications

Corporate financial performance due to sustainable development in Vietnam

Corporate financial performance due to sustainable development in Vietnam

The progress of Corporate Social Responsibility from a Gender perspective through the Change Management

Corporate social responsibility and firm financial performance: A literature review

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