Disclosure levels of environmental accounting information and financial performance: The case of Vietnam

Nguyen, La Soa; Tran, Manh Dung

doi:10.5267/j.msl.2019.1.007

Cited by 23 publications

(16 citation statements)

References 20 publications

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“…The research of Yang and Kim (2018) indicated that the level of disclosure of environmental accounting information affects positively the financial performance of businesses both now and in the future. The research of Nguyen and Tran (2019) investigates and reports that there is close relationship between the level of environmental accounting practices and corporate financial risk. Similarly, Ho, Ho, and Nguyen (2017) show that corporate social responsibility performance is associated with a positive effect, and there is a positive association between corporate social or environmental responsibility and corporate financial performance.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Corporate Social Responsibility Disclosures on Bankruptcy Risk of Vietnamese Firms

Nguyen¹,

Pham²,

Nguyen³

2020

JAFEB

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This study investigates the nexus between the level of Corporate Social Responsibility Disclosures (CSRD) and Risk of Bankruptcy of companies that are listing in the Stock Exchanges of Vietnam. To investigate that relationship, this study collected secondary data from annual audited financial statements from 2014 to 2018 of listing companies. Applying two different regression models with two dependent variables and six independent and control variables, we find out that Vietnamese firms with higher level of CSRD performance can rapidly reduce their risk of bankruptcy. This phenomenon happens in the current year and in the coming years in all firms in the research sample. This result may be that the disclosures of social responsibility information can bring financial and non-financial benefits to the firms. In addition, the results also point out that there is a difference in risk of bankruptcy between the group of companies, which discloses and the one which does not disclose corporate social responsibility on their annual reports. This might be from the effects of various factors such as business size, financial leverage, market to book ratio, return on assets, cash flow from operations, etc. Our research results can be applied to other firms in Vietnam and in other similar jurisdictions.

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Section: Literature Reviewmentioning

confidence: 99%

Impact of Corporate Social Responsibility Disclosures on Bankruptcy Risk of Vietnamese Firms

Nguyen¹,

Pham²,

Nguyen³

2020

JAFEB

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“…Melalui kajian ini, dapatan kajian ini dijangka akan menentukan tahap pelaporan maklumat tentang alam sekitar secara berasingan melalui laman sesawang bagi firma di Malaysia dengan menggunakan indeks yang telah ditetapkan oleh Bursa Malaysia. Firma yang berupaya untuk melaporkan lebih banyak maklumat berkenaan alam sekitar merupakan firma yang mampu bersaing dan kekal mampan untuk tempoh yang panjang (Nguyen & Tran 2019).…”

Section: Pengenalanunclassified

“…Oleh itu, kajian ini mengambil kira faktor-faktor yang berperanan untuk mempengaruhi hubungan antara tahap pelaporan alam sekitar secara atas talian dengan nilai firma. Bersandarkan beberapa kajian lepas antara pemboleh ubah kawalan yang digunakan untuk mengkaji hubungan ini adalah seperti saiz firma dan juga keuntungan firma (Prasad & Mishra 2016;Nguyen & Tran 2019). Kajian oleh Fontana dan D'Amico (2015) mendapati terdapat hubungan yang positif dan signifikan antara saiz firma dengan tahap pelaporan tentang alam sekitar berdasarkan beberapa faktor, iaitu keupayaan firma dalam membuat pelaporan memandangkan firma mempunyai kelebihan dari sudut kewangan.…”

Section: Marketunclassified

Pelaporan Maklumat Alam Sekitar Melalui Atas Talian dan Nilai Firma (Online Environmental Disclosure and Firms’ Value)

2019

AJAG

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Pelaporan maklumat alam sekitar oleh firma merupakan salah satu strategi untuk mengekalkan kemampanan firma dan meningkatkan nilai firma. Sehubungan itu, firma perlu memastikan pelaporan maklumat alam sekitar diterima oleh pihak yang berkepentingan dengan lebih cepat, terkini dan berkesan. Kajian terdahulu melaporkan hubungan yang signifikan antara tahap pelaporan alam sekitar dengan nilai firma. Walau bagaimanapun, pelaporan maklumat alam sekitar tersebut hanya berdasarkan laporan secara manual ataupun dimuat naik di laman sesawang. Justeru, kajian ini dilakukan untuk mengkaji tahap pelaporan maklumat alam sekitar secara berasingan di laman sesawang selaras dengan galakan Bursa Malaysia. Pelaporan secara berasingan memberikan peluang kepada firma untuk melaporkan maklumat secara meluas, menonjolkan diri dalam kalangan pesaing serta meningkatkan nilai firma. Kajian ini turut menyiasat berkenaan hubungan antara pelaporan maklumat alam sekitar secara berasingan melalui atas talian dengan nilai firma. Dalam menentukan tahap pelaporan maklumat alam sekitar secara berasingan melalui atas talian, indeks pelaporan alam sekitar secara berasingan yang telah disediakan oleh Bursa Malaysia diuji terhadap 784 firma yang tersenarai di Pasaran Utama pada tahun 2017. Kajian mendapati sebanyak 376 firma (48%) telah membuat pelaporan tentang maklumat alam sekitar secara berasingan di laman sesawang. Berdasarkan kajian ini juga, terdapat hubungan positif antara tahap pelaporan alam sekitar secara berasingan melalui atas talian dengan nilai firma. Hasil kajian ini boleh dijadikan asas baharu kepada Bursa Malaysia dan penggubal dasar yang lain di Malaysia untuk memberikan lebih penekanan dan insentif terhadap firma yang melaksanakan tanggungjawab ini.

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“…The importance of practicing environmental accounting in Vietnamese enterprises is also receiving increasing attention from both businesses and researchers. The research of Nguyen and Tran (2019) indicated that the level of disclosure of environmental accounting information positive affects the financial performance of businesses both now and in the future. The research of Nguyen (2019) investigated that there is close relationship between the level of environmental financial accounting practices (EFAP) and corporate financial risk of current year and following years.…”

Section: Introductionmentioning

confidence: 99%

Environmental accounting practices and cost of capital of enterprises in Vietnam

Anh

Soa

Hanh

2020

Cogent Economics & Finance

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This study aimed to investigate the nexus between the level of environmental financial accounting practices (EFAP) and cost of capital. The population of this study is 1.188 firm-year observations. However, we excluded 408 firm-year with less than 2 years of information to calculate EFAP, 73 firm-year without sufficient financial accounting information to calculate the cost of capital and 35 firm-year without sufficient financial accounting information to calculate control variables. Finally, this paper used a sample of 672 firm-year observations of listed companies on the Vietnam stock market for 5 years from 2013 to 2017. Two-stage regressions with the lag term are adopted to address econometric issues and to improve the accuracy of the regression coefficients. The results show that Vietnamese firms with higher EFAP performance can rapidly reduce their cost of capital. The findings also indicate that capital structure does not play a moderating role to evaluate the relationship between EFAP and the cost of capital.

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Disclosure levels of environmental accounting information and financial performance: The case of Vietnam

Cited by 23 publications

References 20 publications

Impact of Corporate Social Responsibility Disclosures on Bankruptcy Risk of Vietnamese Firms

Impact of Corporate Social Responsibility Disclosures on Bankruptcy Risk of Vietnamese Firms

Pelaporan Maklumat Alam Sekitar Melalui Atas Talian dan Nilai Firma (Online Environmental Disclosure and Firms’ Value)

Environmental accounting practices and cost of capital of enterprises in Vietnam

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