20.500.12556/RUL-173288 Corporate social responsibility disclosure and financial performance empirical evidence from Vietnam This study examines the relationship between corporate social responsibility (CSR) disclosure and firm performance, with particular attention to CSR’s role as a mitigating mechanism during periods of economic crisis, notably the COVID-19 pandemic. Utilizing a unique hand-collected dataset comprising CSR disclosures from Vietnamese publicly listed firms in the VNR500 index between 2014 and 2021, the analysis employs both accounting-based (return on equity) and market-based (Tobin’s Q) performance indicators. The empirical findings indicate a positive association between CSR disclosure and firm performance across both measures. Disaggregated analysis reveals that governance-related disclosures significantly enhance market valuation, whereas the presence of a well-articulated CSR vision and strategic orientation correlates positively with accounting profitability. These results suggest that robust governance frameworks, environmental stewardship, and socially responsible product strategies contribute to superior firm outcomes. Moreover, the study provides empirical support for the conceptualization of CSR as an insurance like mechanism that mitigates the adverse effects of external shocks—such as the COVID-19 pandemic—by preserving firm value and protecting shareholder interests. enterprises social responsibility pandemic business efficiency CSR disclosure financial performance COVID-19 Vietnam Vietnam podjetje družbena odgovornost pandemija uspešnost poslovanja true false true Angleški jezik Slovenski jezik Članek v reviji 2025-09-15 13:06:31 2025-09-15 13:09:11 2025-11-07 03:54:49 0000-00-00 00:00:00 2025 0 0 Str. 141-159 iss. 3, article no. 2 Vol. 27 Sep. 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 330.3 2335-4216 10.15458/2335-4216.1357 248426755 https://www.ebrjournal.net/home/vol27/iss3/2/ 1 e0ddc039-9223-11f0-9328-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=217546 Corporate_Social_Responsibility_Disclosure_and_Financial_Performa.pdf Corporate_Social_Responsibility_Disclosure_and_Financial_Performa.pdf 1 8BDC7F9BA5D3975A24279784EA1E9090 638fc11de13d6f6d18cdd8e9afe63a1cccc904ea8f383b572cee9f4a6fa47407 239da273-9224-11f0-9328-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=217547 Ekonomska fakulteta Economic and business review 0 0 0