Corporate Social Responsibility And Financial Performance: An Empirical Study On Vietnam Commercial Banks

Abstract

This paper examines corporate social responsibility (CSR) information disclosure and the one-way impact of CSR on financial performance described by the net interest margin (NIM) of the Vietnamese commercial banks between 2012 and 2019. The sample was selected in 29 commercial banks with 232 observations. The generalized method of moments (GMM) was used in this research. The finding shows that the employee responsibility index has the highest disclosure rate, while the environmental responsibility is the lowest. Comparing the level of CSR disclosure among the groups in the sample, the finding also shows that the State group has a higher disclosure rate than the non-State group. Furthermore, the GMM estimation results positively impact NIM's total CSR and environmental responsibility indexes.