Get started
Work

The Threshold Effect of Intellectual Capital on the Corporate Social Responsibility - Firm Performance Nexus in Vietnam

Year: 2025
Type: article
Abstract: In the technology era, intellectual capital is considered by many to be a firm's most important asset.Meanwhile, in economic integration and intense competition, corporate social responsibility is an essential strategy for businesses to grow sustainably.However, while the effects of corporate social responsibility on firm performance have been extensively investigated, the role of intellectual capital to this important link has largely been ignored in the existing literature.As such, this paper examines threshold effect of intellectual capital on this relationship for 60 listed firms Vietnamese listed firms from 2011 to 2021.The generalized method of moments (GMM) and threshold regression method of Hansen (1999) are utilized to ensure the validity and robustness of the study results.In addition, our analysis investigates this relationship for financial firms and non-financial firms separately.The results indicate that intellectual capital and corporate social responsibility improve the performance of financial firms.The findings of this study confirm a U-shaped relationship between corporate social responsibility and firm performance in Vietnam, with a threshold impact of intellectual capital.We contribute to the existing literature by considering the threshold effects of intellectual capital on corporate social responsibility -firm performance nexus for listed firms an emerging market
DOI: 10.14254/1800-5845/2025.21-4.3
Language: English
Open Access status: diamond
OpenAlex ID: W4415328152
FWCI:
Cites:
Cited by:
Related to: