Corporate culture - externally committed values:  The case study of DHG joint stock company on the Vietnam stock exchange

Duyen Thi Le Chau; Hiep Minh Phuoc; Canh Minh Nguyen; Liem Thanh Nguyen; Nhu Thi Huynh Tran

doi:10.46223/HCMCOUJS.econ.en.14.4.2726.2024

14(4)2024

Corporate culture - externally committed values: The case study of DHG joint stock company on the Vietnam stock exchange

Author - Affiliation:

Duyen Thi Le Chau - Can Tho University, Can Tho , Vietnam

Hiep Minh Phuoc - SIU - Saigon International University, Ho Chi Minh City , Vietnam

Canh Minh Nguyen - Can Tho University, Can Tho , Vietnam

Liem Thanh Nguyen - Tra Vinh University, Tra Vinh , Vietnam

Nhu Thi Huynh Tran - Can Tho University, Can Tho , Vietnam

Corresponding author: Duyen Thi Le Chau - ctlduyen@ctu.edu.vn

DOI:10.46223/HCMCOUJS.econ.en.14.4.2726.2024

Submitted: 05-04-2023
Accepted: 27-10-2023
Published: 19-03-2024

Abstract

This study “Corporate culture - external commitment values: the case study of DHG Joint Stock company on the Vietnam Stock Exchange” is an assessment of the culture of the organization through the values agreed in the annual report of enterprises in the pharmaceutical industry in Vietnam today - the case of DHG Joint Stock Company as a specific analysis to generalize Siehl and Martin’s (1989) theory of corporate culture, utilizing annual reports, and publicly transparent financial statements of the company. The research aims to introduce an alternative method, a different perspective on Vietnam through corporate commitments in the annual reports disclosed by these businesses. The study is conducted with the objective of evaluating corporate culture based on externally endorsed values concerning relevant stakeholders, which is crucial for public companies, especially in how they interact with their stakeholders. Research results showing that DHG focuses on committed values belonging to objects outside the organization such as economic allocation; customer; corporate social responsibility, this will create transparency and trust of many stakeholders other than employees such as customers, shareholders, investors, the communities and the government.

JEL codes

M1; M10; M14; M31

Keywords

corporate culture; externally espoused values; organizational culture; pharmaceutical industry; stakeholder relationships; transparency

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Cite this paper as:

Chau, D. T. L., Phuoc, H. M., Nguyen, C. M., Nguyen, L. T., & Tran, N. T. H. (2024). Corporate culture - externally committed values: The case study of DHG joint stock company on the Vietnam stock exchange. Ho Chi Minh City Open University Journal of Science – Economics and Business Administration, 14(4), 75-88. doi:10.46223/HCMCOUJS.econ.en.14.4.2726.2024

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DOI: https://doi.org/10.46223/HCMCOUJS.econ.en.14.4.2726.2024