|Title: THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) ON PROFITABILITY – AN EMPIRICAL RESEARCH ON COMMERCIAL BANKS LISTED ON VIETNAM STOCK MARKET
Trang Thu Pham, Nguyet Thi Minh Dang, Linh Thi Thuy Nguyen, Linh Thao Nguyen and Linh Khanh Nguyen
The study examined the impact of corporate social responsibility (CSR) on bank’s profitability. Since the banks recently consider CSR an ideal way to transmit positive energy to employees, also gain the trust of consumers and heighten sustainability and improve financial performance. The data is collected from the annual reports of 18 commercial banks listed on the Vietnam stock market in the period from 2017 to 2021 and analyzed by regression method through Stata 14. The result shows that the implementation and disclosure of CSR have a positive impact on the profitability through ROA but a negative impact on the bank’s lending and mobilisation activities through the NIM index. Hence, some solutions are suggested to governments, banks, and consumers to increase profitability and sustainable development of the banks.
|Keywords: Corporate social responsibility, Bank’s profitability, Commercial Bank, Vietnam.