Key Factors Determining Corporate Social Responsibility Practices of Vietnamese Firms and the Joint Effects of Foreign Ownership

Rezaul Kabir; Hanh Thái Minh

doi:10.1016/j.mulfin.2020.100676

Key Factors Determining Corporate Social Responsibility Practices of Vietnamese Firms and the Joint Effects of Foreign Ownership

Rezaul Kabir^*, Hanh Thái Minh^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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Abstract

Corporate social responsibility is growing steadfast in emerging countries. Studies analyzing the factors that typically determine CSR practices of firms have often led to conflicting results. In this study, we examine corporate governance determinants that are specifically relevant to CSR in emerging countries. Analyzing a large sample of Vietnamese listed firms, we find that foreign ownership, international orientation, gender diversity, and CEO education positively influence CSR. Furthermore, we find significant joint effects of foreign ownership with international orientation, gender diversity and CEO education. The study highlights the key drivers of CSR practices of firms in emerging countries.

Original language	English
Article number	100676
Number of pages	20
Journal	Journal of multinational financial management
Volume	59
Early online date	28 Dec 2020
DOIs	https://doi.org/10.1016/j.mulfin.2020.100676
Publication status	Published - 1 Mar 2021

Keywords

UT-Hybrid-D
Determinants
Foreign ownership
Emerging markets
Corporate social responsibility (CSR)

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.mulfin.2020.100676

ArticleAccepted author version, 365 KBLicence: CC BY-NC-ND

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title = "Key Factors Determining Corporate Social Responsibility Practices of Vietnamese Firms and the Joint Effects of Foreign Ownership",

abstract = "Corporate social responsibility is growing steadfast in emerging countries. Studies analyzing the factors that typically determine CSR practices of firms have often led to conflicting results. In this study, we examine corporate governance determinants that are specifically relevant to CSR in emerging countries. Analyzing a large sample of Vietnamese listed firms, we find that foreign ownership, international orientation, gender diversity, and CEO education positively influence CSR. Furthermore, we find significant joint effects of foreign ownership with international orientation, gender diversity and CEO education. The study highlights the key drivers of CSR practices of firms in emerging countries.",

keywords = "UT-Hybrid-D, Determinants, Foreign ownership, Emerging markets, Corporate social responsibility (CSR)",

author = "Rezaul Kabir and {Th{\'a}i Minh}, Hanh",

note = "Elsevier deal Funding Information: We thank three anonymous reviewers, Johan J. Graafland, Xiaohong Huang, Duc Khuong Nguyen, Thu Thuy Nguyen, Sorin Rizeanu, Holger Schiele, Celeste Wilderom, Lily Nguyen, Murugappa Krishnan, Thanh Nguyen and the participants at the Vietnam International Conference in Finance (2018), the seminars at University of Twente (2017), Annual Paris Financial Management Conference (2016) for many useful comments and discussions on previous versions of the paper. We thank StoxPlus for providing access to their ownership database, and the Dutch Organization for International Education (Nuffic) for providing financial support. Publisher Copyright: {\textcopyright} 2020 Elsevier B.V.",

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AU - Kabir, Rezaul

AU - Thái Minh, Hanh

N1 - Elsevier deal Funding Information: We thank three anonymous reviewers, Johan J. Graafland, Xiaohong Huang, Duc Khuong Nguyen, Thu Thuy Nguyen, Sorin Rizeanu, Holger Schiele, Celeste Wilderom, Lily Nguyen, Murugappa Krishnan, Thanh Nguyen and the participants at the Vietnam International Conference in Finance (2018), the seminars at University of Twente (2017), Annual Paris Financial Management Conference (2016) for many useful comments and discussions on previous versions of the paper. We thank StoxPlus for providing access to their ownership database, and the Dutch Organization for International Education (Nuffic) for providing financial support. Publisher Copyright: © 2020 Elsevier B.V.

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N2 - Corporate social responsibility is growing steadfast in emerging countries. Studies analyzing the factors that typically determine CSR practices of firms have often led to conflicting results. In this study, we examine corporate governance determinants that are specifically relevant to CSR in emerging countries. Analyzing a large sample of Vietnamese listed firms, we find that foreign ownership, international orientation, gender diversity, and CEO education positively influence CSR. Furthermore, we find significant joint effects of foreign ownership with international orientation, gender diversity and CEO education. The study highlights the key drivers of CSR practices of firms in emerging countries.

AB - Corporate social responsibility is growing steadfast in emerging countries. Studies analyzing the factors that typically determine CSR practices of firms have often led to conflicting results. In this study, we examine corporate governance determinants that are specifically relevant to CSR in emerging countries. Analyzing a large sample of Vietnamese listed firms, we find that foreign ownership, international orientation, gender diversity, and CEO education positively influence CSR. Furthermore, we find significant joint effects of foreign ownership with international orientation, gender diversity and CEO education. The study highlights the key drivers of CSR practices of firms in emerging countries.

KW - UT-Hybrid-D

KW - Determinants

KW - Foreign ownership

KW - Emerging markets

KW - Corporate social responsibility (CSR)

U2 - 10.1016/j.mulfin.2020.100676

DO - 10.1016/j.mulfin.2020.100676

M3 - Article

SN - 1042-444X

VL - 59

JO - Journal of multinational financial management

JF - Journal of multinational financial management

M1 - 100676

ER -

Key Factors Determining Corporate Social Responsibility Practices of Vietnamese Firms and the Joint Effects of Foreign Ownership

Abstract

Keywords

UN SDGs

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