How does the corporate life cycle influence Vietnamese firms corporate social responsibility?
AbstractThis study investigates the association between the corporate life cycle and corporate social responsibility (CSR) disclosure in Vietnam. We hypothesize that the ability and motivation of firms to engage in various CSR activities at each stage of the corporate life cycle are different. Data...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2023-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2023.2186043 |
| _version_ | 1797658396961275904 |
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| author | Luu Bich Thu Nguyen Vinh Khuong |
| author_facet | Luu Bich Thu Nguyen Vinh Khuong |
| author_sort | Luu Bich Thu |
| collection | DOAJ |
| description | AbstractThis study investigates the association between the corporate life cycle and corporate social responsibility (CSR) disclosure in Vietnam. We hypothesize that the ability and motivation of firms to engage in various CSR activities at each stage of the corporate life cycle are different. Data are collected from 218 companies listed on the HOSE and HNX exchanges in Vietnam from 2014 to 2018 to measure the CSR according to the 2016 GRI General Standards, Parts GRI 200, GRI 300, and GRI 400. Using 2SLS estimation, the empirical findings of our study are consistent with our hypothesis. Our findings suggest that the introduction and growth stages are positively associated with CSR disclosure. Firms in the decline and shake-out phases no longer focus much on CSR disclosure, which shows that older firms do not invest in CSR activities as much as young firms. This study has two contributions. First, the research findings help to expand the literature in the Vietnamese context by applying business life cycle theory and aligning CSR with corporate life cycle stages. Second, the results of this study contribute to managerial implications in making CSR dimension decisions. |
| first_indexed | 2024-03-11T17:58:26Z |
| format | Article |
| id | doaj.art-dbafb7d2931041ac8de08f885d6e3425 |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-11T17:58:26Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-dbafb7d2931041ac8de08f885d6e34252023-10-17T10:51:06ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-12-0111110.1080/23322039.2023.2186043How does the corporate life cycle influence Vietnamese firms corporate social responsibility?Luu Bich Thu0Nguyen Vinh Khuong1University of Economics and Law, Ho Chi Minh, VietnamUniversity of Economics and Law, Ho Chi Minh, VietnamAbstractThis study investigates the association between the corporate life cycle and corporate social responsibility (CSR) disclosure in Vietnam. We hypothesize that the ability and motivation of firms to engage in various CSR activities at each stage of the corporate life cycle are different. Data are collected from 218 companies listed on the HOSE and HNX exchanges in Vietnam from 2014 to 2018 to measure the CSR according to the 2016 GRI General Standards, Parts GRI 200, GRI 300, and GRI 400. Using 2SLS estimation, the empirical findings of our study are consistent with our hypothesis. Our findings suggest that the introduction and growth stages are positively associated with CSR disclosure. Firms in the decline and shake-out phases no longer focus much on CSR disclosure, which shows that older firms do not invest in CSR activities as much as young firms. This study has two contributions. First, the research findings help to expand the literature in the Vietnamese context by applying business life cycle theory and aligning CSR with corporate life cycle stages. Second, the results of this study contribute to managerial implications in making CSR dimension decisions.https://www.tandfonline.com/doi/10.1080/23322039.2023.2186043Corporate social responsibilityLife cycleVietnamG12G32M14 |
| spellingShingle | Luu Bich Thu Nguyen Vinh Khuong How does the corporate life cycle influence Vietnamese firms corporate social responsibility? Cogent Economics & Finance Corporate social responsibility Life cycle Vietnam G12 G32 M14 |
| title | How does the corporate life cycle influence Vietnamese firms corporate social responsibility? |
| title_full | How does the corporate life cycle influence Vietnamese firms corporate social responsibility? |
| title_fullStr | How does the corporate life cycle influence Vietnamese firms corporate social responsibility? |
| title_full_unstemmed | How does the corporate life cycle influence Vietnamese firms corporate social responsibility? |
| title_short | How does the corporate life cycle influence Vietnamese firms corporate social responsibility? |
| title_sort | how does the corporate life cycle influence vietnamese firms corporate social responsibility |
| topic | Corporate social responsibility Life cycle Vietnam G12 G32 M14 |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2023.2186043 |
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