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The effects of corporate social responsibility on firm efficiency: Inside the matrix of corporate finance

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  • Minh, Thanh Nguyen
  • Quang, Tuyen Tran

Abstract

Using a balanced panel dataset of more than 5000 firms, this study contributes to the literature by making the first investigation in Vietnam into the effect of corporate social responsibility (CSR) on firm efficiency and its decompositions. The results show insignificant relationships between CSR practices and aggregate efficiency. However, the research reveals that in the absence of effective institutions, CSR management and compliance and a committee overseeing CSR activities are essential factors for improving the business environment for enterprises as well as their efficiency.

Suggested Citation

  • Minh, Thanh Nguyen & Quang, Tuyen Tran, 2022. "The effects of corporate social responsibility on firm efficiency: Inside the matrix of corporate finance," Finance Research Letters, Elsevier, vol. 46(PB).
    • Handle: RePEc:eee:finlet:v:46:y:2022:i:pb:s154461232100475x
    DOI: 10.1016/j.frl.2021.102500
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    References listed on IDEAS

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    3. Tenuta, Paolo & Cambrea, Domenico Rocco, 2022. "Corporate social responsibility and corporate financial performance: The role of executive directors in family firms," Finance Research Letters, Elsevier, vol. 50(C).

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