The impact of corporate social responsibility on trade credit financing
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Keywords:
Corporate Social Responsibility
Trade Credit Financing
Non-Financial Enterprises
Abstract
This study explores the impact of corporate social responsibility (CSR) on corporate trade credit financing. Unlike previous studies that focused on the influence of CSR on firms' ability to receive trade credit financing, this research additionally examines the impact of CSR on the provision of trade credit. The study sample includes 90 non-financial enterprises listed on stock exchanges in Vietnam from 2015 to 2019. Using the Least Squares Dummy Variable (LSDV) method combined with techniques to address regression issues, the study reveals that firms with higher levels of CSR not only provide more trade financing but also receive more trade financing from suppliers. However, this positive effect is only observed in companies with high levels of trade credit financing. Furthermore, the study also highlights that labor and environmental aspects are key components in this relationship.
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Published
Jun 30, 2025
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How to Cite
Phan, D. A., A. N. Duc, Q. H. Tran, and A. B. D. To. “The Impact of Corporate Social Responsibility on Trade Credit Financing”. The University of Danang - Journal of Science and Technology, vol. 23, no. 6B, June 2025, pp. 49-54, doi:10.31130/ud-jst.2025.23(6B).154.
