CSR DISCLOSURE AND FIRM VALUE: EMPIRICAL EVIDENCE FROM VIETNAM’S LISTED FIRMS
CSR開示と企業価値：ベトナム上場企業からの実証的エビデンス (AI 翻訳)
Nguyen Hoai Anh, Tran Phuong Thuy, Tran Quynh Huong, Do Ngoc Tram
🤖 gxceed AI 要約
日本語
この研究は、ベトナムの上場企業におけるCSR開示と企業価値の関係を調査した。182人の投資家を対象にPLS-SEM分析を用いた結果、経済的および社会的開示は企業価値に正の影響を与えるが、環境開示は有意な影響を示さなかった。これはベトナム企業の開示が経済的要因に偏っている現状を反映しており、持続可能性には環境・社会面の開示拡大が必要である。
English
This study examines CSR disclosure and firm value among Vietnam's listed firms using a survey of 182 investors and PLS-SEM. Findings show economic and social disclosures positively affect firm value, but environmental disclosure does not. This reflects the current imbalance in Vietnamese CSR reporting, emphasizing the need for more comprehensive ESG disclosure.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
ベトナムのCSR開示事例は、日本の企業がアジア地域での開示戦略を考える上で参考になる。特に環境開示の不足は、日本企業がベトナムに進出する際の留意点を示唆する。
In the global GX context
This study provides empirical evidence from an emerging market (Vietnam) on the differential impact of CSR dimensions on firm value. It highlights that environmental disclosure may not yet be valued by investors in some markets, contrasting with developed economies where ESG integration is more advanced. This insight is valuable for global investors and multinational companies operating in Vietnam.
👥 読者別の含意
🔬研究者:Offers empirical evidence on CSR disclosure-firm value link in an emerging market, with methodological insights from PLS-SEM.
🏢実務担当者:Highlights the need for balanced ESG disclosure in Vietnam; useful for companies reporting in emerging markets.
🏛政策担当者:Suggests that Vietnamese regulators may need to incentivize environmental disclosure to align with global trends.
📄 Abstract（原文）
Corporate Social Responsibility (CSR) disclosure has become a strategic trend for firms aiming for long-term and sustainable development, particularly among companies listed on the stock market. In Vietnam, empirical studies over the past decade have begun to confirm a positive correlation between CSR disclosure and firm value. This study surveyed 182 investors in Vietnam and employed the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach for data analysis. The findings indicate that economic and social disclosures exert a positive impact on firm value, whereas environmental disclosure does not yet show a significant influence. This reflects a prevalent reality among Vietnamese listed enterprises, where the focus of disclosure remains heavily skewed toward financial and economic factors. The results suggest that Vietnamese listed firms need to enhance the comprehensiveness and balance of their CSR reporting. While an excessive focus on economic elements may yield short-term benefits, achieving sustainable development and long-term firm value appreciation requires expanding the scope of disclosure to environmental and social dimensions, in alignment with global ESG trends.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.18623/rvd.v23.5487first seen 2026-05-15 19:00:03 · last seen 2026-06-04 05:13:00
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