The relationship between corporate social responsibility and corporate financial performance: A mediating effect of the award

Abstract: 179 | PDF: 173

##plugins.themes.academic_pro.article.main##

Author

  • Dao Van Thi, Nguyen Thi Hong, Le Dieu Linh, Ngo Hai Binh

Keywords:

Corporate social responsibility (CSR)
corporate financial performance
mediator variable
award

Abstract

Corporate financial performance (CFP) is always a concern and a top goal of any enterprise. CFP depends on a lot of factors of the enterprise, internal and external. Researching factors affecting CFP all the time is a good, attractive and topical topic. In addition, corporate social responsibility (CSR) in Vietnam is also a relatively new topic and has attracted many scholars. CSR includes many aspects and its activities will directly or indirectly affect CFP. Therefore, our study aims to assess the impact of the disclosure of CSR information on CFP through the Award variable. The regression and analysis results show that the disclosing CSR information has a positive and statistically significant impact on financial efficiency. At the same time, the Award variable is completely appropriate and shows the mediating role in this relationship.

References

    [1] Bộ tài chính, Thông tư số 155/2015/BTC Hướng dẫn công bố thông tin trên thị trường chứng khoán, 2015.
    [2] Cochran, P.L., Wood, R.A., “Corporate Social Responsibility and Financial Performance”, The Academy of Management Journal, 7(1), 1984, 42-56.
    [3] Kimbro, M.B., Melendy, S.R., “Financial performance and voluntary environmental disclosure during the Asian Financial Crisis: the case of Hong Kong”, International Journal of Business Performance Management, 12(1), 2010, 72-85.
    [4] Tilakasiri, K.K., Corporate Social Responsibility and Company Performance: Evidence from Sri Lanka, doctoral dissertation, Victoria University Melbourne, 2012.
    [5] Dewi, K., Monalisa, M., “Effect of Corporate Social Responsibility Disclosure on Financial Performance with Audit Quality as a Moderating Variable”, Binus Business Review, 7(2), 2016, 149 - 163.
    [6] Hồ Thị Vân Anh, Trách nhiệm xã hội và hiệu quả tài chính của các doanh nghiệp niêm yết, luận án Tiến sĩ, Đại học kinh tế Thành phố Hồ Chí Minh, 2018.
    [7] Tạ Thị Thúy Hằng, Nghiên cứu tác động của công bố thông tin trách nhiệm xã hội đến hiệu quả tài chính của các doanh nghiệp niêm yết trên thị trường chứng khoán Việt Nam, luận án Tiến sĩ, Trường Đại học Kinh tế Quốc dân, 2017.
    [8] Wagner, T., “Corporate hypocrisy: Overcoming the threat of inconsistent corporate responsibility perception”, Journal of Marketing, 73, 2005, 77-91.
    [9] Lopez, V., Garcia, A., Rodríguez, L., “Sustainable Development and Corporate Performance: A Study Based on the Dow Jones Sustainability Index”, Journal of Business Ethics, 75(3), 2007, 285 - 300.
    [10] Aras, G.A., Kutlu, O.A, “Managing corporate performance Investigating the relationship between corporate social responsibility and financial performance in emerging markets”, International Journal of Productivity and Performance Management, 59, 2010, 229-254.
    [11] Cheung, P., Wilson M., “The Relation Between Corporate Social Responsibility Disclosure and Financial Performance: Evidence from the Commercial Banking Industry”, Segal Graduate School of Business Final Projects, 2010.
    [12] Bowen, H. R, “Social Responsibilities of the Businessman”, Harper & Row Journal in New York, 1953.
    [13] Freeman, Strategic Management: A Stakeholder Approach. Pitman, Boston, MA, 1984.
    [14] Waddock, S.A., Graves, S.B., “The corporate social performance - financial performance link”, Strategic Management Journal, 18(4), 1997, 303–319.
    [15] Cowen, L.B., Scott, S., “The impact of corporate characteristics on social responsibility disclosure: a typology and frequency-based analysis”, Accounting, Organizations and Society, 12 (2), 1987,111–122.
    [16] Suchman, M., “Managing legitimacy: Strategic and institutional approaches”, Academy of Management Review, 20, 1995, 571–610.
    [17] VanderWeele T.J, Vansteelandt S., “Odds Ratios for Mediation Analysis for a Dichotomous Outcome”, American Journal of Epidemiology, 72(12), 2010, 1339–1348.
Read more

##plugins.themes.academic_pro.article.sidebar##

Published

Aug 31, 2020
Download
PDF (Tiếng Việt)
How to Cite
Dao Van Thi, Nguyen Thi Hong, Le Dieu Linh, Ngo Hai Binh. “The Relationship Between Corporate Social Responsibility and Corporate Financial Performance: A Mediating Effect of the Award”. The University of Danang - Journal of Science and Technology, vol. 18, no. 8, Aug. 2020, pp. 44-49, https://jst-ud.vn/jst-ud/article/view/3287.

##plugins.themes.academic_pro.article.details##