Examining the Impact of Corporate Sustainable Responsibility on the Sustainable Financial Performance of Smes: The Mediating Role of Green Accounting

Abstract

This study aims to examine whether corporate social responsibility (CSR) promotes sustainable financial performance (SFP) among small and medium-sized enterprises (SMEs) in emerging markets, with a specific focus on Vietnam. Drawing on resource-based view, the research explores the mediating role of green accounting in this relationship. A cross-sectional survey was conducted involving 125 SMEs operating across various industries in Vietnam. Data were analyzed using Structural Equation Modeling (SEM) through AMOS 20 software. The results reveal that CSR has a significant and positive impact on sustainable financial performance, and this effect is partially mediated by green accounting (GA) practices. These findings provide robust empirical evidence supporting the strategic importance of CSR initiatives and green accounting adoption in enhancing long-term financial sustainability for SMEs in emerging economies.