Factors Influencing the Voluntary Disclosure of Vietnamese Listed Companies

Hieu, Pham Duc; Lan, Do Thi Huong

doi:10.17265/1548-6583/2015.12.004

Cited by 19 publications

(25 citation statements)

References 13 publications

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“…This result is similar to the research results of Barako (2007) Directors and the level of sustainable development information disclosure. However, the results of this study contradict the study by Vu (2012) and Pham and Do (2015). In Vietnam, the operation regulations of listed companies on the stock market regulate the number of members of the board from 4 -11 people.…”

Section: Discuss Research Resultscontrasting

confidence: 96%

The Effects of Business Efficiency to Disclose Information of Sustainable Development: The Case of Vietnam

Linh

Hung

Binh

et al. 2019

Asian Economic and Financial Review

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This paper studies the impact of business efficiency on the level of sustainable development information disclosure of Vietnamese enterprises by using path structure model with the data of 294 enterprises listed on the stock market in 3 years from 2015 to 2017. Research results show that the level of sustainable development information disclosure of Vietnamese enterprises listed on the stock market is still quite low. This study has identified factors that positively influence the level of sustainable development information disclosure including business efficiency, firm size, Big4 and the number of members of the board of directors. The negative influencing factors with the level of sustainable development information disclosure are financial leverage and business sector. Based on the research results, the study propose some recommendations to improve the level of sustainable development information disclosure of enterprises in Vietnam: (i) promote disclosure of sustainable development for their benefit to businesses; (ii) supplement and improve the current legal system in Vietnam to create a solid legal basis for the implementation of sustainable development information disclosure. Contribution/ Originality: The contribution of this study is to apply path structure model with the data of 294 enterprises listed on the Vietnam stock market in 3 years from 2015 to 2017. This study has identified factors that positively influence the level of sustainable development information disclosure including business efficiency, firm size, Big4 and the number of members of the board of directors. The negative influencing factors with the level of sustainable development information disclosure are financial leverage and business sector. that large organizations such as the United Nations, European Union, and developed countries such as the US, UK, Germany, and so on are interested in and implement. However, in developing countries and underdeveloped countries, small enterprises are concerned about economic growth instead of the implementation of social

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Section: Discuss Research Resultscontrasting

confidence: 96%

The Effects of Business Efficiency to Disclose Information of Sustainable Development: The Case of Vietnam

Linh

Hung

Binh

et al. 2019

Asian Economic and Financial Review

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show abstract

“…Selain itu likuiditas perusahaan meningkat dan biaya modal perusahaan menjadi rendah. Serta dengan pengungkapan sukarela perusahaan dapat mempertahankan hubungan investor yang baik (Hieu & Lan, 2015).…”

Section: Pendahuluanunclassified

“…Teori keagenan menjelaskan alasan mengapa laporan akuntansi akan diberikan secara sukarela kepada kreditor dan pemegang saham (Jensen & Meckling, 1976), dan juga menjelaskan pengungkapan sukarela dalam konteks pemisahan antara kepemilikan dan kontrol (Hieu & Lan, 2015). Pemisahan kepemilikan dan kendali perusahaan menghasilkan masalah keagenan karena konflik kepentingan antara pihak-pihak yang terikat kontrak/perjanjian.…”

Section: Agency Theoryunclassified

“…Agen mengambil keuntungan dari kurangnya pengamatan tindakannya yang terlibat dalam kegiatan untuk meningkatkan tujuan pribadinya (Barako, 2007). Di sisi lain, pemegang saham yang merupakan orang luar harus menanggung risiko kehilangan uang mereka karena kurangnya informasi (Hieu & Lan, 2015) Aspek penting dari teori agensi adalah kebutuhan untuk mengontrol perilaku manajer melalui mekanisme pemantauan seperti tata kelola perusahaan dan pengungkapan sukarela. Penerapan mekanisme tata kelola ini memungkinkan pemegang saham untuk mengurangi masalah keagenan dan pada saat yang sama mengurangi biaya agensi yang terkait dengan penurunan nilai perusahaan (Hieu & Lan, 2015).…”

Section: Agency Theoryunclassified

See 1 more Smart Citation

Voluntary Disclosure on Ownership Structure and Company Characteristics Perspective

Nurjannah¹,

Puspitosari²

2020

JBMR

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According to agency theory, voluntary disclosure can be used as a way to reduce agency costs arising from agency problems. This voluntary disclosure is considered as a way to control agents. Voluntary disclosure is a form of providing information from the company to its stakeholders in addition to mandatory disclosure. Voluntary disclosure has benefits for both managers and shareholders and stakeholders. This study aims to investigate the effect of managerial ownership, foreign ownership, institutional ownership, company size and company age on the extent of voluntary disclosure made by the company. By using 324 observations of companies listed on the Indonesia Stock Exchange in 2017-2018 the results of the Random effect models state that there is a positive influence between company size and company age. then managerial ownership and voluntary disclosure have a negative influence. Institutional ownership and foreign ownership have no influence on voluntary disclosure.

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“…Pengungkapan sukarela (voluntary disclosure) laporan tahunan perusahaan-perusahaan di Indonesia masih sangat rendah. Hal ini dapat dilihat dari hasil penelitian Poluan dan Nugroho (2015) yang menunjukkan bahwa perusahaan-perusahaan manufaktur yang dijadikan sebagai sampel penelitian hanya mengungkapan 42,15% pengungkapan sukarela, rata-rata pengungkapan sukarela 48,96% ditemukan oleh Erna Wati Indriani (2013), rata-rata pengungkapan sukarela 34,32% ditemukan oleh Pancawati Hardiningsih (2008) selainnya di wilayah asia tenggara; ini berkisar dari 35,95% di Malaysia seperti yang ditemukan oleh Poh-Ling Hodan Gregory Menara (2011), dan 32,16% di Vietnam yang ditemukan oleh Pham Duc Hieu dan Do Thi Huong Lan (2015), di wilayah arab ditemukan sebesar 18,38% di arab saudi ditemukan oleh Murya Habbash et. al (2016) hingga 75,76% di Bahrain oleh Juhmani (2013).…”

Section: Pendahuluan 1latar Belakangunclassified

Analysis of Factors Leverage, Liquidity, Profitability, Company Sizes, Managerial Ownership, and Institutional Ownership That Influences Voluntary Disclosure (Empirical Study of Companies in The Basic Industry And Chemicals, Miscellneus Industry and Con

Hasperi

Rahayu

Wiralestari

2020

JAKU

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This study entitled is Analysis of Leverage, Liquidity, Profitability, Company Size, and Managerial Ownership and Institutional Ownership Factors that Influence Voluntary Disclosure (Empirical Studies in Basic and Chemical Industrial Companies, Miscellaneous Industries and Consumption Industries of Goods Listed on the Indonesia Stock Exchange for 2015-2018 period). This study tested 65 companies after purposive sampling. Significance test results show leverage, liquidity, profitability, company size, managerial ownership, and institutional ownership significantly influence voluntary disclosure. The results showed that leverage has no significant effect on voluntary disclosure, liquidity has no significant effect on voluntary disclosure, profitability has no significant effect on voluntary disclosure, firm size is not significant on voluntary disclosure, managerial investment has significant effect on voluntary disclosure, the institutional selection is significantly related to voluntary disclosure. Keywords: Voluntary Disclosure, Leverage, Liquidity, Profitability, Company Size, Managerial Ownership, Institutional Ownership

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Factors Influencing the Voluntary Disclosure of Vietnamese Listed Companies

Cited by 19 publications

References 13 publications

The Effects of Business Efficiency to Disclose Information of Sustainable Development: The Case of Vietnam

The Effects of Business Efficiency to Disclose Information of Sustainable Development: The Case of Vietnam

Voluntary Disclosure on Ownership Structure and Company Characteristics Perspective

Analysis of Factors Leverage, Liquidity, Profitability, Company Sizes, Managerial Ownership, and Institutional Ownership That Influences Voluntary Disclosure (Empirical Study of Companies in The Basic Industry And Chemicals, Miscellneus Industry and Con

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