Financial Resources and Economic Development: Role of Corporate Social Responsibility on Agricultural Growth in Vietnam

Abstract

The effective implementation of corporate social responsibility (CSR) has emerged as a global imperative for enhancing agricultural growth, underscoring the need for further research in this area. This study specifically examines the influence of CSR on agricultural growth in Vietnam, while also exploring the moderating roles of financial resources and economic development within the relationship between CSR and agricultural growth. Data were collected through surveys administered to employees in the agricultural sector engaged in CSR initiatives. To analyse the interrelations among the variables and assess data reliability, the study utilized Smart-PLS (Partial Least Squares Structural Equation Modelling). The findings indicate a positive correlation between CSR practices and agricultural growth in Vietnam. Additionally, the results highlight that both financial resources and economic development significantly moderate the relationship between CSR and agricultural growth. This research offers valuable insights for policymakers, emphasizing the importance of effectively implementing CSR strategies alongside ensuring sufficient financial resources and fostering economic development to achieve sustainable agricultural growth in Vietnam.