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Do firm characteristics in their local context promote corporate ecological and social responsibility? Evidence from a multi-hierarchical analysis

Author

Listed:
  • Van Huong, Vu
  • Mai, Yong
  • Hau, Bui Duc
  • Cuong, Ly Kim
  • Van Dao, Le

Abstract

Most recent studies mainly focus on the effect of firm characteristics on corporate ecological and social responsibility (CSR). The study adds to the literature by making the first examination of the effects of contextual and firm-level factors on CSR in Vietnam. Using a method called “multilevel modeling,” the research results show unobservable factors at the provincial and district level account for 23.2% of the difference in CSR activities. Our results also confirm that CSR activity is boosted by innovative action, stronger relations with stakeholders, taking part in activities that change how technology is used, and exporting goods.

Suggested Citation

  • Van Huong, Vu & Mai, Yong & Hau, Bui Duc & Cuong, Ly Kim & Van Dao, Le, 2023. "Do firm characteristics in their local context promote corporate ecological and social responsibility? Evidence from a multi-hierarchical analysis," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 722-743.
    • Handle: RePEc:eee:reveco:v:85:y:2023:i:c:p:722-743
    DOI: 10.1016/j.iref.2023.02.008
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    References listed on IDEAS

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    More about this item

    Keywords

    Corporate ecological and social responsibility; Vietnam; Contextual factors;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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