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Key factors determining corporate social responsibility practices of Vietnamese firms and the joint effects of foreign ownership

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  • Kabir, Rezaul
  • Thai, Hanh Minh

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.

Suggested Citation

  • Kabir, Rezaul & Thai, Hanh Minh, 2021. "Key factors determining corporate social responsibility practices of Vietnamese firms and the joint effects of foreign ownership," Journal of Multinational Financial Management, Elsevier, vol. 59(C).
  • Handle: RePEc:eee:mulfin:v:59:y:2021:i:c:s1042444x20300657
    DOI: 10.1016/j.mulfin.2020.100676
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    More about this item

    Keywords

    Corporate social responsibility; Determinants; Emerging markets; Foreign ownership;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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