The Relationship between Corporate Social Responsibility Disclosure and Corporate Governance Characteristics: Evidence from VN100.

Abstract

Due to the increasing importance of Corporate Social Responsibility (CSR) practice especially in developing countries where there is a lack of research about CSR and factors affecting it, this study aims to provide a better understanding of CSR disclosure and it relationship with firm corporate governance characteristics in Vietnam. Using a sample of 100 biggest market capitalization firms (VN100) from 2014 to 2016, our study reveals a moderate extent of CSR disclosures. Board of director size and audit type are found to have a positive significant link with CSR reporting while the meetings by board of director and number of outside directors demonstrate a negative connection with CSR disclosure. However, the CEO duality and presence of women directors in the board show no relationship with CSR disclosure. Findings from this research are expected to extend the current literature regarding CSR disclosure in Vietnam. They can also be helpful for investors in making decisions to invest in corporate citizens as well as policy makers in considering regulations to improve CSR practices in Vietnam