The effect of corporate social responsibility on performance in Nam Dinh seafood enterprises

Vu, Tuan Hung; Tran, Hoang Long; Le, Thi Tam; Nguyen, Hai Anh

doi:10.5267/j.msl.2019.8.005

Cited by 5 publications

(3 citation statements)

References 20 publications

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“…Recognised by 11.000 scientists from more than 150 nations, the message is clear: "There is no time to lose", referring to the quickly accelerating environmental crisis (The Guardian 2019). Climate change is one of the numerous factors contributing to the growing interest in Corporate Social Responsibility (CSR) among both businesses and scholars; the latter has led to several publications over the past few years (e.g., Hoi et al 2018;Vu et al 2020;Jia 2020).…”

Section: Introductionmentioning

confidence: 99%

The ESG Disclosure and the Financial Performance of Norwegian Listed Firms

Giannopoulos¹,

Fagernes²,

Elmarzouky³

et al. 2022

JRFM

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The world is constantly changing, and with an evolving global environmental crisis, there is a growing trend of Corporate Social Responsibility, and Environmental, Social, and Governance (ESG) disclosure initiatives. The final report on the new E.U. taxonomy for sustainable activities was released in 2020, making ESG disclosure more relevant. This paper investigates the effects of ESG initiatives on the financial performance of Norwegian listed companies from 2010 to 2019. ESG is measured through the Thomson Reuters Eikon ESG disclosure score and financial performance through ROA and Tobin’s Q. To the best of our knowledge, this is the first time this relationship has been investigated in Norway. Using panel data regression analysis and two proxies for the dependent variable (financial performance), the results of this study are mixed. In particular, findings suggest a strong significant relationship between ESG initiatives and financial performance. More specifically, the regression model, with ROA as the dependent variable, suggests that ESG initiatives have a clear negative impact. On the other hand, the variable Tobin’s Q increases when ESG increases. This could be explained by the different horizons of the measures and other factors affecting the business environment.

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Section: Introductionmentioning

confidence: 99%

The ESG Disclosure and the Financial Performance of Norwegian Listed Firms

Giannopoulos¹,

Fagernes²,

Elmarzouky³

et al. 2022

JRFM

View full text Add to dashboard Cite

show abstract

“…Increased corporate reputation is another benefit of marketing with CSR (Ajayi ans Mmutle, 2020; Bruna and Nicolò, 2020; Kelley et al , 2019; Caruana et al , 2018). Some studies focused on increase of firm financial performance on advertising CSR activities (Yumei et al , 2021; Vu et al , 2020; Maqbool and Hurrah, 2020; Gangi et al , 2019; Aslam et al , 2018) and others talks about potential customers (Aljarah and Alrawashdeh, 2020; Shah and Khan, 2019; Hafez, 2018).…”

Section: Resultsmentioning

confidence: 99%

The interrelationship of marketing, accounting and auditing with corporate social responsibility

Thottoli

2021

PRR

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Purpose The purpose of this paper is to examine the interrelationship of marketing, accounting and auditing with corporate social responsibility (CSR) to determine the benefit of CSR marketing, the responsibility of Board of Directors (BODs) with CSR accounting and the duty of external auditors with CSR that has influence on corporate sector. Design/methodology/approach This paper uses exploratory and qualitative data obtained from multiple research methods, to investigate benefit of CSR marketing, the responsibility of BODs with CSR accounting and the duty of external auditors with CSR and of its practices by companies’ websites, google search, annual reports and CSR reports from all listed companies in the Muscat Securities Market, Oman. The data are used to critically examine and revise a previously published explanatory framework that identifies interrelationship of CSR marketing, accounting with CSR and auditing with CSR. Findings Results indicate that CSR marketing, CSR accounting and CSR auditing are closely interrelated for accepting and implementing CSR requirements by corporates. This finding suggests that the benefit of CSR marketing, the responsibility of BODs with CSR accounting and the duty of external auditors with CSR has positively influence on corporate sector. The finding helps to build good image by corporates. Practical implications Organizations from developing countries such as Oman should be aware of CSR marketing, CSR accounting and CSR auditing that affects decisions with CSR adoption and implementation by organizations that could also lead to competitive advantage when it operates in developed countries. Though, organizations in developed countries are also equip for higher expectations by applying innovative CSR initiatives. Originality/value To the best of the author’s knowledge, this is the first academic literature review on interrelationship of marketing, accounting and auditing with CSR based on evidence from an Oman context. The paper contributes by exploring the benefit of CSR marketing, the responsibility of BODs with CSR accounting and the duty of external auditors with CSR which influence on corporate sector.

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“…The stakeholder interests in question are the sustainability of Profit, People, and the Planet. This triple bottom line is an essential key for the company to grow sustainably (Vu et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Social Activities and Market Value

2022

QAS

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Social activities are an interesting topic because they involve the company's relationship with stakeholders. This study aims to determine the effect of good governance mechanisms and financial performance on market value with social activities as a moderating variable. The research sample consisted of 108 firm-year observations of companies in the hotel, restaurant and tourism sectors listed on the IDX for the period 2014-2019. Social activities moderate the relationship between financial and market performance and protect market value from deteriorating performance. This finding provides a new perspective on the role of social activities that management should pay attention to. In a situation of declining financial performance, social activities can weaken the negative impact.

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The effect of corporate social responsibility on performance in Nam Dinh seafood enterprises

Cited by 5 publications

References 20 publications

The ESG Disclosure and the Financial Performance of Norwegian Listed Firms

The ESG Disclosure and the Financial Performance of Norwegian Listed Firms

The interrelationship of marketing, accounting and auditing with corporate social responsibility

Social Activities and Market Value

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