DIGITAL ECONOMY STRUCTURING FOR SUSTAINABLE DEVELOPMENT: THE ROLE OF CSR AND GREEN TECHNOLOGY IN IMPROVING GREEN STOCK: EVIDENCE FROM VIETNAM

Abstract

Sustainable Development (SD) has emerged as a global imperative, necessitating focused attention from contemporary researchers and policymakers. In response, this study explores the influence of Corporate Social Responsibility (CSR) and green technology on SD within Vietnam's manufacturing sector. Furthermore, it assesses the mediating function of green stock in the relationship between CSR, green technology, and SD, while also examining the moderating effect of the digital economy (DE) on these relationships. Primary data were gathered from employees through structured surveys, and the interrelationships among the variables were analysed using Smart-PLS. The findings demonstrate that both CSR and green technology exert a positive influence on SD. Additionally, green stock was found to play a significant mediating role between CSR, green technology, and SD. The analysis also revealed that the DE significantly moderates the impact of CSR and green technology on SD within the manufacturing industry in Vietnam. The outcomes offer valuable insights for policymakers, highlighting the importance of enhancing green stock investment, promoting CSR initiatives, and integrating green technologies to effectively pursue sustainable development objectives.