Abstract
Corporate social responsibility, employee commitment, reputation, government support and financial performance in Vietnam's export textile enterprises
Highlights
Issues of accelerating economic growth are always concerned, besides it is always about environmental, social and community issues
The objective of this paper is to assess the impact of corporate social responsibility (CSR) on the financial performance of textile and garment export enterprises in Vietnam
We conducted an analysis on 396 textile and garment enterprises exporting in Vietnam and the results show that CSR had a positive impact on financial performance through a positive impact on corporate reputation, a positive impact on employee commitment and positive impact on government support
Summary
Issues of accelerating economic growth are always concerned, besides it is always about environmental, social and community issues. For this reason, policies on social responsibility are formed. Leading the way is the developed countries, the social responsibility activities are widespread in developing countries and Vietnam is no exception, especially in the trend of integration and fierce competition. Businesses play a role in connecting economic actors and pioneering the implementation of global trends such as corporate social responsibility (CSR). As the level of competition is increasingly fierce, the requirements meet the increasing demands of importing countries, along with that, society has an increasingly stricter view towards businesses on their duties and responsibilities to the community. Businesses want to develop sustainably must always follow the standards and the best things to be able to meet the requirements set by society as well as importing countries
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