Corporate Social Responsibility Investment and Its Impact on the Financial Performance of Securities Companies
DOI:
https://doi.org/10.31181/ijes1412025193Keywords:
CSR investment, Securities companies, Investors, Issuers, Securities employeesAbstract
The objective of this paper is to clarify the impact of corporate social responsibility (CSR) investment on the financial performance of Vietnamese securities companies. Previous studies have focused on companies in the manufacturing, construction, banking, and insurance sectors, while there are very few studies addressing securities brokerage companies. This study aims to fill the above gaps by analyzing and finding evidence on the relationship between CSR and financial performance based on the theoretical framework [1]. The database was collected online by the authors. The survey period was from September 2024 to December 2024. The research results included 122 valid responses. Using quantitative research, the PLS-SEM linear structural model was performed using SPSS and AMOS 20 software. The results and new findings show that two CSR factors have a strong impact on the financial performance of securities companies: responsibility to investors and issuers, and responsibility to securities employees. The new findings show that investing in CSR activities is necessary for securities companies. The core factors to improve business performance for these companies are customers and employees. Based on the results of empirical research, the article recommends that securities companies in countries with financial markets developing similarly to Vietnam actively promote investment in building and implementing CSR, focusing strongly on the factors of investors, issuers, and securities employees to improve financial efficiency.
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