The relationship between corporate social responsibility and corporate financial performance: A mediating effect of the award
Abstract
Corporate financial performance (CFP) is always a concern and a top goal of any enterprise. CFP depends on a lot of factors of the enterprise, internal and external. Researching factors affecting CFP all the time is a good, attractive and topical topic. In addition, corporate social responsibility (CSR) in Vietnam is also a relatively new topic and has attracted many scholars. CSR includes many aspects and its activities will directly or indirectly affect CFP. Therefore, our study aims to assess the impact of the disclosure of CSR information on CFP through the Award variable. The regression and analysis results show that the disclosing CSR information has a positive and statistically significant impact on financial efficiency. At the same time, the Award variable is completely appropriate and shows the mediating role in this relationship.
Moraref