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

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      Sustainability
      MDPI AG

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          Abstract

          The study examines the impact of company size, industry sensitivity, government ownership, liquidity and company age on Corporate Social Responsibility Disclosure (CSRD) in 2019 annual reports of listed companies on the Vietnam stock market. We also consider the relationship between CSRD and the financial performance measured by return on assets (ROA) and return on equity (ROE). This study uses descriptive statistics and regression methods to test research hypotheses. The empirical findings show that company characteristics, including firm size, liquidity, government ownership and environmental industry sensitivity, are positively associated with firms’ CSRD level. Firm age does not influence the CSRD of listed companies. The CSRD significantly affects both ROA and ROE. Our study provides several suggestions to promote the CSR information disclosure of listed companies and enhance their social responsibility for sustainable development.

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          Most cited references66

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          Corporate social and environmental reporting

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            THE CORPORATE SOCIAL PERFORMANCE-FINANCIAL PERFORMANCE LINK

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              STAKEHOLDER INFLUENCE CAPACITY AND THE VARIABILITY OF FINANCIAL RETURNS TO CORPORATE SOCIAL RESPONSIBILITY.

              M Barnett (2007)
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                Author and article information

                Contributors
                (View ORCID Profile)
                Journal
                SUSTDE
                Sustainability
                Sustainability
                MDPI AG
                2071-1050
                August 2021
                July 22 2021
                : 13
                : 15
                : 8197
                Article
                10.3390/su13158197
                5e2116fa-1773-4ad0-85ac-ee4e1e4623d7
                © 2021

                https://creativecommons.org/licenses/by/4.0/

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                Self URI (article page): https://www.mdpi.com/2071-1050/13/15/8197

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