Research on the Relationship between Institutional Pressures and the Level of Corporate Social responsibility Disclosure: Empirical Evidence from Listed Companies on the Stock Market in Vietnam

Abstract

Corporate social responsibility (CSR) disclosure has become a crucial aspect of business operations, influenced by various institutional pressures. This study examines the relationship between institutional pressures and the level of CSR disclosure among firms. Empirical evidence collected through a survey of 208 senior executives of listed firms in Vietnam’s stock exchange indicates that coercive pressure, normative pressure, and mimetic pressure have a positive relationship with various aspects of CSR disclosure levels. This study employs an empirical approach to assess how institutional factors influence CSR disclosure in Vietnam. The findings provide valuable insights for both corporate managers and policymakers in fostering a more transparent and responsible business environment. Finally, the research offers practical recommendations to enhance CSR disclosure, ensuring that businesses align with global sustainability standards while addressing local institutional challenges.