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Open AccessArticle

Corporate Social Responsibility and SMEs in Vietnam: A Study in the Textile and Garment Industry

1
School of Advanced Study, Ho Chi Minh City Open University, Ho Chi Minh City 7000, Vietnam
2
Graduate School, Ho Chi Minh City Open University, Ho Chi Minh City 7000, Vietnam
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Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2019, 12(4), 174; https://doi.org/10.3390/jrfm12040174
Received: 20 August 2019 / Revised: 10 October 2019 / Accepted: 15 October 2019 / Published: 23 November 2019
(This article belongs to the Special Issue Contemporary Issues in Business and Economics)
This study explored the influence of factors on the implementation of corporate social responsibility (CSR) in companies. The study used a quantitative approach in which a survey was conducted. The final 250 among various respondents in the textile and garment industry were used. The final respondents were top-, middle-, and low-level managers in 250 small and medium enterprises (SMEs) in Vietnam. The results indicate that competitive context, social influences, the understanding of managers about CSR, and the internal environment of companies are the four drivers of CSR. In the four drivers, competitive context has the strongest impact on adopting CSR. The finding implies that stakeholders’ pressure influences SMEs in this industry because of the high expectations from international stakeholders. View Full-Text
Keywords: corporate social responsibility; textile and garment industry; Vietnam corporate social responsibility; textile and garment industry; Vietnam
MDPI and ACS Style

Van, L. .-H.; Nguyen, P.A. Corporate Social Responsibility and SMEs in Vietnam: A Study in the Textile and Garment Industry. J. Risk Financial Manag. 2019, 12, 174.

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