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Role of Corporate Social Responsibility in Sustainable Energy Development in Emerging Economy

Author

Listed:
  • Le Thanh Tiep

    (Ho Chi Minh City University of Economics and Finance, Vietnam)

  • Ngo Quang Huan

    (University of Economics Ho Chi Minh City, Vietnam,)

  • Tran Thi Thuy Hong

    (International School of Business, University of Economics Ho Chi Minh City, Vietnam.)

Abstract

This research aims to evaluate the impact of corporate social responsibility (CSR) on sustainable energy development (SED) by developing the role of mediating variables such as usage of renewable energy resources (URR) and sustainable energy supply (SES). We use qualitative and quantitative technique such as Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze the data of collection from experts, economists, executives in Vietnam in 2020. The study has proved the corporate social responsibility (CSR) affecting directly to the sustainable energy development (SED). Besides, the findings suggest a positively significant impact of both sustaining energy supply (SES) and the usage of renewable energy resources (URR) on sustainable energy development (SED). Thus, the research brings the whole view of corporate social responsibility affects to the sustainable energy development (SED) through the URR and SES. This study contributed empirical work in the literature of corporate social responsibility, renewable energy, sustainable energy supply (SES) and sustainable energy development (SED). The outcomes of this study can be used by policy makers, economists, top management in the governmental office and even the corporate. A mediating role of SES as a value-added contribution to this study and can be consolidated and strengthened more in coming research.

Suggested Citation

  • Le Thanh Tiep & Ngo Quang Huan & Tran Thi Thuy Hong, 2021. "Role of Corporate Social Responsibility in Sustainable Energy Development in Emerging Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 172-186.
    • Handle: RePEc:eco:journ2:2021-02-23
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    Cited by:

    1. Izabella Lecka & Janusz Gudowski & Tomasz Wołowiec, 2022. "CSR in Poland and the Implementation of Sustainable Development Goals in the Energy Sector during the COVID-19 Pandemic," Energies, MDPI, vol. 15(19), pages 1-25, September.
    2. Dinçer, Hasan & Yüksel, Serhat & Hacioglu, Umit & Yilmaz, Mustafa K. & Delen, Dursun, 2023. "Development of a sustainable corporate social responsibility index for performance evaluation of the energy industry: A hybrid decision-making methodology," Resources Policy, Elsevier, vol. 85(PA).
    3. Yana Us & Tetyana Pimonenko & Oleksii Lyulyov, 2023. "Corporate Social Responsibility and Renewable Energy Development for the Green Brand within SDGs: A Meta-Analytic Review," Energies, MDPI, vol. 16(5), pages 1-18, February.
    4. Katarzyna Łukasiewicz & Piotr Pietrzak & Jakub Kraciuk & Elżbieta Kacperska & Małgorzata Cieciora, 2022. "Sustainable Energy Development—A Systematic Literature Review," Energies, MDPI, vol. 15(21), pages 1-18, November.
    5. Erum Shaikh & Mohsen Brahmi & Pham Chien Thang & Waqas Ahmad Watto & Ta Thi Nguyet Trang & Nguyen Thi Loan, 2022. "Should I Stay or Should I Go? Explaining the Turnover Intentions with Corporate Social Responsibility (CSR), Organizational Identification and Organizational Commitment," Sustainability, MDPI, vol. 14(10), pages 1-16, May.
    6. Janusz Reichel & Agata Rudnicka & Błażej Socha, 2023. "Energy Poverty—Do Energy Companies Care? Study Results from European Energy Companies," Energies, MDPI, vol. 16(18), pages 1-15, September.

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    More about this item

    Keywords

    Corporate Social Responsibility; Renewable Energy; Sustainable Energy Development; Renewable Energy Resources; Sustaining Energy Supply.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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