Recommendation for Vietnam Banking Industry in Application of Corporate Social Responsibility

Author(s)

Download Full PDF Pages: 451-459 | Views: 492 | Downloads: 167 | DOI: 10.5281/zenodo.4991483

Volume 9 - October 2020 (10)

Abstract

Currently, corporate social responsibility is no longer a new concept to the Vietnamese banking community. However, social responsibility activities at the majority of banks are only understood as charitable contributions, community sharing or voluntary social work of the bank. The article clarifies the role of Vietnamese banks in implementing social responsibility and suggests a number of suggestions for enhancing the social responsibility of Vietnamese banks in the current deep integration context.

Keywords

Corporate Social Responsibility, Banking, Vietnam.

References

i. BNP Paribas, Registration Document and Annual Financial Report 2018, published in 2019.

ii. BNP Paribas, Registration Document and Annual Financial Report 2017, published in 2018.

iii. BNP Paribas, Registration Document and Annual Financial Report 2016, published in 2017.

iv. Bowen, H.R., Social Responsibility of the Businessman, University of Iowa Press, 1953.

v. Carroll A.B and Buchholtz, A.K, Business and society: Ethics and sustainability, and stakeholder management, Cengage Learning, 2008 (8th ed.)

vi. Carroll, A.B. and Shabana, K.M., The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice, International Journal of Management Reviews, 2010, Vol.12, No. 1, pp.85-105.

vii. Carroll, A.B., A Three-Dimensional Conceptual Model of Corporate Performance, Academy of Management Review, 1979, Vol.4, No.4, 497-505.

viii. Carroll, A.B., Corporate Social Responsibility: Evolution of a Definitional Construct, Business & Society, 1999, Vol.38 No.3, pp268-295.

ix. Carroll, A.B., A History of Corporate Social Responsibility: Concepts and Practices, Oxford University Press, 2008, Chapter 2, pp.19-46.

x. Chrisman, J.J. and Carroll, A.B., Corporate responsibility- reconciling economic and social goals, Sloan Management Review, 1984.

xi. Clarkson, M.B.E., A stakeholder framework for analyzing and evaluating corporate social performance, The Academy of Management Review, Published by Academy of Management, 1995, Vol.20, No.1, pp.92-117.

xii. Claydon, J., A new direction of CSR: The shortcomings of previous CSR models and the rationale for a new model, Social Responsibility Journal, 2011, pp. 405-420.

xiii. CSR Europe, A Guide to CSR in Europe: Country Insights by CSR Europe’s National Partner Organisations, 2010.

xiv. Dahlsrud. A., How Corporate Social Responsibility is Defined: An Analysis of37 Definitions, Corporate Social Responsibility and Environmental management, 2008, Vol.15, pp. 1-13.

xv. The Europe Banking Federation, Towards a Green finance framework, 2017.

xvi. The Europe Banking Federation (EBF), Encouraging and Rewarding Sustainability: Accelerating sustainable finance in the banking sector, 2019.

xvii. Elkington, J., Cannibals with forks- Triple bottom line of 21st century business, New Society Publishers, 1997.

xviii. The European Banking Federation (EBF), European banking sector best practices: Corporate Social Responsibility, 2008.

xix. European Commission (EU), Reflection paper: towards a sustainable Europe by 2030, published in 2019.

xx. Freeman, R.E., Strategic Management: A Stakeholder Approach, Cambridge, 1984.

xxi. Freeman, R.E., Parmar, B.L., Harrison, J.S., Wicks, A.C., Purnell, L., and Colle, S.D., Stakeholder Theory: The State of the Art, The Academy of Management Annals, 2010, Vol.4, No.1, 403-445.

xxii. Friedman, M., The Social Responsibility of Business is to Increase its Profits, The New York Times magazine, 1970.

xxiii. Gołaszewska-Kaczan, U. (2009), Zaangażowanie społeczne przedsiębiorstwa, Wydawnictwo Uniwersytetu w Białymstoku, Białystok. Adopped by Barbara Fischbach, Triple Bottom Line: The Pillars of CSR, Journal of Corporate Responsibility and Leadership, 2018, Vol.4, issue 3.

xxiv. Idowu, S.O., Louche, C., Samuel O. and Filho, W.L., Innovative CSR: From risk management to value creation, A Greenleaf Publishing Book, 2010.

xxv. Khan, F.R. and Thomsen, P.L., CSR as Imperialism: Towards a phenomenological approach to CSR in the developing world, Journal of change management, 2011.

xxvi. KPMG Nunwood, 2016 Banking Sector Briefing: Banking the Customer Experience Dividend, 2016.

xxvii. KPMG Vietnam and the Chamber of Commerce and Industry France- Vietnam, Corporate Social Responsibility in Vietnam, the Guidebook, 2019

xxviii. Lentner, C., Szegedi, K., Tibor, T., and Chauduri. S., Corporate Social Responsibility in the Banking Sector, Public finance quarterly, 2017.

xxix. Levitt, T., The Dangers of Social Responsibility, Harvard Business Review, 1958,Vol 36, pp 41-50.

xxx. Litovchenko, S., Balatsky, E., Dynin, A., Fliamer, M, Grafski, S., Hakobyan, A., Iakimets, V., Ivanova, E., Liborakina, M., Moon, J. and Petrov, V., Report on Social Investments in Russia 2004, 2004.

xxxi. Matten, D., and Moon, J., “Implicit” and “Explicit” CSR: A conceptual framework for understanding CSR in Europe, Research Paper Seriers, International Centre for Corporate Social Responsibility, 2017.

xxxii. Mele, D., Corporate Social Responsibility Theories, The Oxford Handbook of Corporate Social Responsibility, 2008.

xxxiii. Nguyen, T.P.T., Nguyen, V.A., Han, S.L, Effects of Consumer Perception of CSR Activities and Technology Acceptance on Intention to Adopt Mobile Banking: Evidence in Vietnam, The 4th International Conference on Finance and Economics, 2017, pp. 470-496.

xxxiv. Nguyen, B. N., The Effect of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from Credit Institutions in Vietnam, Asian Social Science, 2018, Vol.14, No.4.

xxxv. Omur, G.A., Corporate social and environmental responsibility in the service sector: A case study from Turkey, International Journal of Business and Management Studies, 2012, Vol 4.

xxxvi. Pham, D.H., Corporate Social Responsibility: A study on factors affecting CSR implementation and CSR disclosure in Vietnam, 2015.

xxxvii. Qi Lai, Corporate Social Responsibility of SMEs in China, 2006.

xxxviii. Singh, R., and Agarwal, S., Does CSR orientation reflect stakeholder relationship marketing orientation? An empirical examination of Indian banks, Marketing Intelligence &Planning, 2013, ISSN: 0263-4503.

xxxix. Tran, Trung Tin, Corporate Social Responsibility (CSR) Situation in Vietnam, 2017.

xl. Uddin, S., and Choudhury, J., Rationality, traditionalism and the state of corporate governance mechanisms: Illustrations from a less- developed country, Accounting, Auditing & Accountability Journal, 2008.

xli. Vietcombank, Vietcombank annual report 2018, 2019.

xlii. Vigano, F. and Nicolai, D., CSR in the European Banking Sector: Evidence from a Survey, 2009.

xliii. Visser, W., Revisiting Carroll’s CSR Pyramid: An African Perspective, Copenhagen Business School Press, 2006.

xliv. Welford, R., Chan, C., and Man, M., Priorities for Corporate Social Responsibility: a Survey of Business and their Stakeholders, Wiley InterScience , 2007.

xlv. Williams, A.M., Seigel, D.S., and Wright, P.M., Corporate Social Responsibility: Strategic Implications, Journal of Management Studies, 2006.

xlvi. Wong, H., and Wong, R., Corporate Social Responsibility Practices in Banking Industry, Journal of Management Research, 2015, Vol.7, No.4.

Cite this Article:

Ngoc Hai Nguyen, Recommendation for Vietnam Banking Industry in Application of Corporate Social Responsibility, International Journal of Management Sciences and Business Research 10(2020):451-459 DOI: 10.5281/zenodo.4991483