The Role of Corporate Social Responsibilities and Personnel Risk Management in Business Management in Vietnam

Abstract

Effective company management is a global prerequisite for strong economic growth, and scholars and policymakers must focus on this phenomenon. Consequently, this study investigates the role of social, environmental, and governance obligations and personal risk management in the effective business management of Vietnam's textile sector. In addition, the function of employee trust as a mediator between social, environmental, and governance duties, personal risk management, and effective company management in Vietnam's textile industry is investigated. In the present study, questionnaires were employed to collect primary data from employees in the textile industry. The current research used smart-PLS to examine the relationship between constructs and test hypotheses. Social, environmental, and governance obligations and personal risk management were found to have a favorable and significant relationship with good company management. In addition, the data demonstrated that employee trust significantly mediates the relationships between social, environmental, and governance duties, personal risk management, and effective company management. This study assists policymakers in formulating legislation for enhancing effective business management through corporate responsibility and personal risk management.