The impacts of corporate social resposibility practices on firm financial performance: Empirical evidence from Asian oil and gas industry
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Từ khóa:
Corporate social responsibility (CSR)
financial performance
return to asset (ROA)
oil and gas industry
Environment, Social and Governance score (ESG).
Tóm tắt
The paper aims to investigate the impact of Corporate Social Responsibility (CSR) practices on the financial performance of oil and gas firms in Asian countries by using a panel data set that includes 23 firms from 7 Asian countries from 2004 to 2017. The empirical results support the research hypothesis that CSR practices have a negative impact on the financial performance of oil and gas companies. This means CSR practices may impose a substantial burden on firms in the oil and gas industry. In addition, we find that different CSR practices have different sizes of impact on firm financial performance. In particular, environment practice has the biggest impact, social practice ranks second, and governance practice has the weakest impact. The main results are also confirmed by several robustness tests.
Tài liệu tham khảo
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Cách trích dẫn
Nguyen Thanh Dat, Mai Thi Thanh Chung, Vuong Bao Bao, Hoang Duong Viet Anh. “The Impacts of Corporate Social Resposibility Practices on Firm Financial Performance: Empirical Evidence from Asian Oil and Gas Industry”. Tạp Chí Khoa học Và Công nghệ - Đại học Đà Nẵng, vol 19, số p.h 12.2, Tháng Chạp 2021, tr 52-56, doi:10.31130/ud-jst2021-019E.
