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

Rezaul Kabir and Hanh Minh Thai

Journal of Multinational Financial Management, 2021, vol. 59, issue C

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: Corporate social responsibility; Determinants; Emerging markets; Foreign ownership (search for similar items in EconPapers)
JEL-codes: G30 G34 J16 M14 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mulfin:v:59:y:2021:i:c:s1042444x20300657

DOI: 10.1016/j.mulfin.2020.100676

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