Empirical Research on Corporate Social Responsibility and Financial Performance

this study is conducted for investigating the corporate social responsibility (CSR) disclosure practices of listed firms in the textile and apparel industry Vietnam and their determinants. A checklist of 20 attributes was developed to capture the social and environmental disclosures from the annual reports of 56 firms in textile and apparel industry on the Vietnam Stock Exchange over a two-year period from 2016 to 2017. The determinants of the disclosure are proxied by the firm, financial performance (profitability) and auditor type. The data obtained were analysed using descriptive statistics, correlation, and regression. The results show that the level of CSR is 38%, made up of social disclosure (63%) and environmental disclosure (6%). Findings also reveal that CSR is influenced by firm size, auditor type; and profitability. This paper recommends a mandatory CSR reporting framework in line with international practices for all listed firms in the textile and apparel industry Vietnam