Vũ Thu Thảo
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Impact of Corporate Social Responsibility on Vietnamese Listed Firm’s Financial Distress Risk Tran, Thi Xuan Anh; Vũ Thu Thảo
Riset Akuntansi dan Keuangan Indonesia Vol. 9 No. 2 (2024): Riset Akuntansi dan Keuangan Indonesia
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/reaksi.v9i2.6528

Abstract

The research focuses on examining the impacts of corporate social responsibility (CSR) on the financial distress risk of 50 Vietnamese-listed firms in the plastic-chemical production industry from 2019 to 2023. The research performs some regression models such as OLS, FEM, and REM, then inspect and overcome the defects of the model. The results indicate that social responsibility scores at Vietnamese enterprises tend to increase, especially after the COVID-19 pandemic, and the more businesses comply with CSR criteria, the more likely it will reduce the financial distress risk. However, CSR targets have not been implemented uniformly, posing strategic policies needed to overcome and more strongly promote CSR within Vietnam.