Investigating the relationship between CSR and financial performance based on corporate reputation: evidence from Vietnamese enterprises

Khoa Truong An Nguyen, Khuong Ngoc Mai and Minh Man Cao

Global Business and Economics Review, 2021, vol. 24, issue 2, 107-127

Abstract: This study investigates the relationship between corporate social responsibility (CSR) practices and financial performance as mediated by corporate reputation in a developing context. A total of 869 respondent firms from the manufacturing, real estate, trade, and service sectors participated in the research. Factor analysis and structuring equation modelling were used to investigate the direct and indirect effects of the identified factors. The results showed CSR practices positively affect financial performance mediated by corporate reputation. However, CSR practices in the legal, environmental, and philanthropic area have positive effects, while economy-oriented CSR practices do not show any significant effect. As such, firms should invest more in CSR in legal, philanthropic, and environmental areas to improve corporate reputation, which in turn leads to good financial performance.

Keywords: corporate social responsibility; CSR; financial performance; reputation; managerial perception; business sectors. (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.inderscience.com/link.php?id=113118 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:gbusec:v:24:y:2021:i:2:p:107-127

Access Statistics for this article

More articles in Global Business and Economics Review from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().