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The Impact of Ownership Structure on Corporate Social Responsibility Performance in Vietnam

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  • Ching-Chung Lin

    (Department of International Business, Southern Taiwan University of Science and Technology, Tainan City 710301, Taiwan)

  • Tran Phuoc Nguyen

    (College of Business, Southern Taiwan University of Science and Technology, Tainan City 710301, Taiwan)

Abstract

In today’s business environment, a debatable concern is increasing on the importance of ownership structure on corporate social responsibility (CSR). With the purpose of clarifying more about this nexus, the study utilizes ownership concentration, managerial ownership, government ownership, and foreign ownership for ownership structure representation and explores their relationship with CSR performance under the Vietnamese companies’ context. Agency theory is employed to explain how the concept is formulated and website information, annual reports and the CSRHub database are where this research is based for data collection. With 65 firms in the analysis at the beginning of October 2019, the empirical findings unveil that managerial and foreign ownership are positively related, while ownership concentration and government ownership are not significantly linked to CSR performance.

Suggested Citation

  • Ching-Chung Lin & Tran Phuoc Nguyen, 2022. "The Impact of Ownership Structure on Corporate Social Responsibility Performance in Vietnam," Sustainability, MDPI, vol. 14(19), pages 1-13, September.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:19:p:12445-:d:929725
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