... misreporting of its oil reserves seriously damaged its reputation (Wikipedia 2007) Chapter 4: HowmultinationalscompaniesareintegratingCorporateSocialResponsibilityintheirstrategytobuildand ... than its main competitors Strategic CorporateSocialResponsibility Westpac is an example of a multinational (Australia, New Zealand, and the Pacific) corporation taking a more strategic stakeholder ... Luo & Battacharya (2006) found that CorporateSocialResponsibility contributes positively to market value suggesting that managers can obtain competitive advantages and reap more financial benefits...
... tea exporting company in Vietnam Hung Cuong was established in 1998 Headquarter is an area of two hectares in Ha Giang province Company has five plants anda warehouse which are located in Ha ... available to the public The sources of secondary data include books, journals, census data, and biographies Similar to primary data, secondary data also has both of advantages and disadvantages ... advantage is that it can include a large population and wide area The third advantage is very cheap and there is no prior agreement between parties The last advantage is that it can provide a...
... funds, stock and other equity and non-equity markets Rators are ranking group which rate business entities and RI indices Last but not least, connectors are initiatives and platforms related to the ... writing commands or using their own laptops The researcher comes to each individual investor to ask them to answer and fill in the survey The previous researches and studies are used for making ... Viet Nam find it difficult to apply because of their understanding and perception, relatively small business size, and lack of financial and technical resources As illustrated in more detail later,...
... of investment manners that include social, governance and environmental and ethical issues These elements also are used to put into the financial analysis process and decision making In the traditionally, ... Labor-Invalids andSocial Affairs, Vietnam Ministry of Industry and Trade, together with Vietnam Leather & Footwear Association, and The Vietnam National Textile and Garment Group, in order to honor ... following to responsible investment such as investors, rators, and connectors Investors are persons who invest their capital into funds, stocks, and other equity and non-equity market Connectors are...
... way to avoid misunderstanding 26 CHATER 4: FINDINGS AND ANALYSIS 4.1 Findings As mention above, survey questions are done in patterns: management, customer and accounting Participants are managers, ... engaging with stakeholders and reporting on activities These actions help managers to evaluate the advantages and disadvantages of particular strategies and implementation Managers enable to carry ... negative campaign and upgrading the company image Third, companies may use reporting as internal communications, educating and motivating employees In responding toa growing demand for socially...
... implementation, CSR reporting of CSR ina multinational company operating in Vietnam by asking respondents‟ understanding and opinion From conducting research, it can show the understanding and awareness ... not a cost, much like quality management Therefore, business organizations can thereby have an inclusive financial, commercial andsocial approach, leading toa long term andstrategy minimizing ... important to have managers‟ awareness and commitment to carry out and improve the initiative of CSR If the managers are at least partly the proponent of the corporate culture, andintegrating CSR...
... (Tran, 2009) And, there are several actors who following to responsible investment such as investors, rators, and connectors Investors are persons who invest their capital into funds, stocks, and ... Industry, 16 Ministry of Labor-Invalids andSocial Affairs, Vietnam Ministry of Industry and Trade, together with Vietnam Leather & Footwear Association, and The Vietnam National Textile and Garment ... human rights issues, have called for a legal framework to make CSR programs mandatory They are concerned that existing CSR obligations are insufficient and voluntary CSR programs are inadequate”...
... considered as a basis for analysing and evaluating the socialand environmental accounting of the CSR practice The information of environmental andsocial issues is a key factor to manage the stakeholders ... of socialand environmental accounting, the financial accountant is primarily interested insocialand environmental issues of assets and liabilities andto report on them in some standard ways ... for capturing and reporting the socialand environmental impacts of organizations If financial accounting practices are unable to capture and report on these socialand environmental impacts...
... Not all businesses are really achieving the TBL Elkington and others argued that consumer are becoming more aware of damaging practices, and then their choices to use or invest incompaniesare ... the VASs are set up by the Ministry of Finance that based on the International Accounting Standards (IAS) to support adjusting economic, finance and accounting issues In Vietnam, many VASs are ... Full name CSR CorporateSocialResponsibility CSP CorporateSocial Performance IAS International Accounting Standard VSA Vietnamese Accounting Standard VCCI Vietnam’s Chamber of Commerce and Industry...
... create more value than competitors are able to create A firm is said to have acompetitiveadvantage if it creates and appropriates more value than the least efficient rival capable of breaking ... shareholders and less money to invest back into the company for future growth It has also places the company to invest heavily incorporateresponsibility at a disadvantage competing against other companies ... Research question: What is the CSR? Definition of financial performance? Advantages and disadvantages of CSR and financial performance? What are the benefits and cost of CSR? How benefits and...
... the satisfactory of the general expectation of the community, to maintain the balance for all sustainable companiesand also gain the good image in the market place In contrast, the managers ... the gap between what the managers believe and what is actually disclosed Because there is no demand for CSR and environment reports and also Vietnam managers have already started as social accounting ... which was organized by Vietnam Chamber of Commerce and Industry, Ministry of Labor-Invalids andSocial Affairs, Vietnam Ministry of Industry and Trade since 2005, together with Vietnam Leather...
... needs carefully performing in order to have credible data Data, in general, is divided as two types, primary data and secondary data, andin this research, both primary data and secondary data will ... expected to point out advantages of well performing CSR to company’s managers And because CSR should be included in business strategy of each company, studied companies managers and other companies ... found and analyzed, among them definitions were primarily of European and American origin, but definitions from India and Canada were also included”, they “originated from 27 authors and covered a...
... improving financial performance; enhancing brand image and reputation; increasing sales and customers loyalty; increasing ability to attract and retain skilled employees; risk management; reducing ... interested and broadly applied Vietnam's economy mainly centers around agricultural and forest products apart from mining and manufacturing The CSR awareness and perception are vague and many companies ... hand, Steiner and Steiner, 1997; Quazi, 1997; Quazi and Cool, 1996; and Samli 1992 accessed business inasocial matrix contributing to society welfare as a whole and agreed that business is a...
... Manufacturing •Quality & Productivity •Training Services •Laws Database Laws Database Laws and CSR Tools Database Management "Database CSR" is a online data center, including the areas of: •Labor Law •CSR ... of social compliance § A brand/retailer’s supply chain can consist of various types of manufacturing relationships Supply Chain Relationships Sample Manufacturing Structure Subcontractor Brand/Retailer ... Recognize adherence tosocial standards is a current requirement of buyers (brands/retailers) § Recognize the same product quality standards must apply tosocial standards § Directly impacted by damage...
... cao giá trị CSR thực Rõ ràng doanh nghiệp cần phải tăng cường sử dụng kênh thông tin nội để giúp nhân viên hiểu tự hào công ty có việc tối a h a lợi nhuận Nhưng thông tin tiếp thị không ch a ... nỗ lực thực CSR doanh nghiệp Ví dụ, thường biết doanh nghiệp làm để xử lý chất thải hay giảm ô nhiễm nơi làm việc Vì nên họ không quan tâm không đánh giá doanh nghiệp làm Như doanh nghiệp bỏ lỡ ... CSR nói chung thường doanh nghiệp ý mức, việc áp dụng giá trị CSR vào quản trị nguồn nhân lực lại quan tâm Một vài gợi ý giúp doanh nghiệp v a nâng cao việc thực CSR, v a thu giữ nhân viên tốt...
... general waste and waste that contains hazardous components in particular is very clear if the waste is not managed 39 and handled according to environmental engineering Garbage disposal has become ... Vietnam had CSR Awards, which was organized by Vietnam Chamber of Commerce and Industry, Ministry of Labor-Invalids andSocial Affairs, Vietnam Ministry of Industry and Trade since 2005, together ... gratitude to my family, who are always on my side to support and believe me Analyze the importance and impacts of CorporateSocialResponsibility (CSR) in business towards the socialand environmental...
... readily available from other sources That data are cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all Secondary data can ... aspect of the issue Many commentators, despairing at the fact that companies have failed to clean up their act despite so many claims of socialresponsibility Even when many companiesare aware ... secondary data, we are able to make out what are the gaps and deficiencies and what additional information needs to be collected However, secondary data is something that seldom fits in the framework...
... exported to China, Taiwan, Thailand, Laos, Cambodia Products Smoked Bamboo is unique to Vietnam that Xuan Lai Bamboo, GiaBinh From the starting point was to create acompetitiveadvantage for small and ... civilization, international integration, the shift insocial values towards human beings, concern for health care, guaranteed health care system, social insurance settlement , health insurance, safety in ... of them Inflation and fight inflation problem is also an important factor to consider and analyze In fact, if high inflation is to control prices and wages may not master inflation, investment...
... consist inintegrating non-financial criteria (social, environmental and societal) in decisions involving funds and portfolio management 2.3.4 Sustainability investing Sustainability investing( ... recognition that social, economic, environmental, and ethical factors directly affect business strategy, for example, howcompanies attract and retain employees, how they manage the risks and create opportunities ... encouraged to promote ethics, fairness, transparency and accountability in all their transactions They were required to continue making a profit while maintaining the highest standards of internal governance...
... pay adequate and fair salary, creating opportunities for staff training, health insurance anda clean environment is the ability to attract and retain good employees The staff also expressed their ... environment clean and safe, the training opportunities and health insurance and education are also contributed to increased profits for the company Increase sales Hindustan Lever is a subsidiary of Unilever ... definition, To understand the importance of CSR, To gain insight into SCR applications in business operations of NamTrieu Company, To examine the relationship between CSR and financial performance...