Doan Ngoc Phi Anh
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The effect of corporate social responsibility on firm performance: Evidence from Vietnam
Le Ha Nhu Thao , Doan Ngoc Phi Anh , Vo Hung Cuong , Nguyen Thi Kim Ngoc , Vo Van Cuong doi: http://dx.doi.org/10.21511/ppm.21(3).2023.42Problems and Perspectives in Management Volume 21, 2023 Issue #3 pp. 528-542
Views: 836 Downloads: 208 TO CITE АНОТАЦІЯThe vitality of corporate social responsibility (CSR) toward sustainability has been rising rapidly in business activities. Good CSR practices are one of the most critical instruments to satisfy stakeholders’ interests and improve business performance. This study explores the nexus between economic, social, and environmental dimensions of CSR and firm performance based on a balanced scorecard. The sample includes 336 Vietnamese enterprises, excluding financial firms. The survey was conducted from March to June 2021. The empirical results of the partial least squares structural equation modeling (PLS-SEM) demonstrate that CSR significantly affects company performance. The economic dimensions of CSR have the strongest impact on financial performance (p < 0.01; t > 2.57; sample mean is 0.362). However, the environmental dimensions of CSR have not been found to influence customer performance. This study also finds that the three dimensions of CSR positively impact learning and growth, which lead to higher internal business processes and then better customer performance, eventually positively influencing profitable results. Consequently, the firm’s leaders should have strategies for effective CSR implementation to increase financial performance and achieve sustainable development goals. Furthermore, the government and other organizations should actively improve legal policies and regulations related to CSR in order to ensure organizational and national sustainability.
Acknowledgment
This study is funded by Funds for Science and Technology Development of the University of Danang under project number B2020-DN07-08. -
Evaluating the influence of environmental accounting practices on the operational efficiency of seafood businesses in Vietnam
Duong Thi Thanh Hien , Ho Tuan Vu , Doan Ngoc Phi Anh doi: http://dx.doi.org/10.21511/ppm.21(4).2023.12Problems and Perspectives in Management Volume 21, 2023 Issue #4 pp. 150-165
Views: 456 Downloads: 199 TO CITE АНОТАЦІЯThis paper deals with factors affecting environmental accounting adoption and its impact on operational performance in Vietnamese seafood enterprises. The data were collected from seafood enterprises in Vietnam. Structural equation modeling was applied to explore the causal relationship between operational performance and other factors. The results show that the factors affecting the implementation of environmental accounting based on normalized weights include manager support, with the strongest impact (0.286), followed by the level of technology (0.155), qualifications of accountants (0.191), pressure from stakeholders (0.129), business characteristics (0.117), financial resources (0.113), legal regulations (0.103), and finally environmental changes (0.1). The results also show that environmental accounting implementation strongly impacts operational performance (standardized weight 0.351). The correlation relationships in the model are all statistically significant, with a 95% confidence level (p = 0.000 < 0.05). The paper contributes to perfecting the factors affecting the implementation of environmental accounting, clearly seeing its benefits and positive impacts on performance in seafood enterprises in Vietnam, to achieve environmental protection goals, increase economic benefits, and sustainable development.
Acknowledgment
This study is conducted within the framework of the doctoral project subject to Decision No. 1807/QD-ĐHDT dated May 10, 2023, Duy Tan University, Vietnam. The authors would like to acknowledge the reviewers and the editor-in-chief for their assistance.
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