The Determinants Influencing Corporate Social Responsibility Disclosure (CSRD) Among Basic Resources Firms In Vietnam
Abstract
The primary objective of this thesis is to examine the determinants influencing
the degree of Corporate Social Responsibility Disclosure (CSRD) among Basic Resources
firms in Vietnam. Based on the legitimacy theory as the theoretical framework and
empirical results from previous research, there are 7 determinants investigated, which are
Board Size, Government Ownership, Foreign Ownership, CEO Duality, Firm Size,
Leverage, and Profitability represented by Return on Assets (ROA). The relationship
between these determinants and the degree of CSRD is analyzed using a secondary data
set of 252 observations that includes 42 listed Basic Resources firms on Vietnam stock
market from 2015 to 2020.
To measure the degree of CSRD, the content analysis technique is applied by
developing a CSR rating system containing items that reflect the responsibility of firms
with 4 main groups: Environment, Employees, Community, and Customers. The findings
from regression analysis show that Foreign ownership and Firm size have significantly
positive relationship with the degree of CSRD. In addition, this paper offers some
conclusions that further support the application of legitimacy theory in explaining CSRD
and many notable recommendations to policy makers, Basic Resources firms, stakeholders,
and future research in the field of CSRD.