Corporate social responsibility in Vietnam and it's relationship with company financial performance - A case of VN30

Abstract

The purpose of this study is to investigate the current level of Corporate Social Responsibility (CSR) disclosure in Vietnam and examine whether there is a relationship between CSR and firm financial performance in the country. A sample of listed companies from VN30 is investigated in the 5-year-period 2010 – 2014. Content analysis of annual reports is conducted to assess CSR, and return on equity, return on assets and Tobin’s Q are used as proxies for financial performance. The study also uses total assets and level of debt as control variables. The regression results indicate a significant positive relationship between “community” disclosure and Tobin’s Q, and after investigating the time lagged effect, ROA is positive correlated with “sustainability” disclosure and negatively correlated with “energy” disclosure.