Determinants of voluntary disclosure for Vietnamese listed firms
Using a positivist empirical approach, this thesis extends the existing literature by examining the Vietnamese accounting and financial reporting environment using contemporary data.Regression analysis reveals some interesting characteristics of Vietnamese listed firms. Vietnamese listed firms have...
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| Format: | Thesis |
| Language: | English |
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Curtin University
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/2181 |
| _version_ | 1848743881979461632 |
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| author | Vu, Kelly Bao Anh Huynh |
| author_facet | Vu, Kelly Bao Anh Huynh |
| author_sort | Vu, Kelly Bao Anh Huynh |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Using a positivist empirical approach, this thesis extends the existing literature by examining the Vietnamese accounting and financial reporting environment using contemporary data.Regression analysis reveals some interesting characteristics of Vietnamese listed firms. Vietnamese listed firms have a moderately average proportion of independent directors on their corporate boards (53.89 per cent), a high level of state ownership (26.63 per cent), a moderate level of managerial ownership (12.77 per cent) and a relatively low level of foreign ownership (9.80 per cent).Regression analysis results provide support for the juxtaposition of agency theory in explaining the variations of Vietnamese voluntary disclosure practices. In particular, the evidence reveals that a firm’s voluntary disclosure practice is positively influenced by the strength of their corporate governance (the proportion of independent directors on corporate boards). High state ownership, which is a unique feature of Vietnamese listed firms, has a significant and negative association with the extent of voluntary disclosure. Whilst a higher proportion of managerial ownership reduces the extent of voluntary disclosure, foreign ownership has no impact on such practice. Firm size, profitability, type of industry, auditing firms, listing duration and stock exchange location are important attributes associated with voluntary disclosure in Vietnamese annual reports.Evidence from this thesis suggests that corporate governance can serve as an effective monitoring mechanism to enhance the level of information disclosure in Vietnam. Such findings encourage Vietnamese policy makers to adopt stronger corporate governance mechanisms to improve the level of information transparency. The negative influence of state ownership on the extent of Vietnamese voluntary disclosure offers valuable insights into Vietnam’s future privatization plans. Moreover, the negative relationship between managerial ownership and voluntary disclosure practices enhances the understanding of the entrenchment problem of managerial ownership, particularly in an emerging market.Overall, the empirical results of this thesis not only contribute to the extant literature, but also provide helpful insights for policy makers in Vietnam as they strive to improve corporate information transparency. |
| first_indexed | 2025-11-14T05:52:37Z |
| format | Thesis |
| id | curtin-20.500.11937-2181 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T05:52:37Z |
| publishDate | 2012 |
| publisher | Curtin University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-21812017-02-20T06:38:48Z Determinants of voluntary disclosure for Vietnamese listed firms Vu, Kelly Bao Anh Huynh Vietnamese listed firms Vietnamese accounting and financial reporting environment voluntary disclosure regression analysis Using a positivist empirical approach, this thesis extends the existing literature by examining the Vietnamese accounting and financial reporting environment using contemporary data.Regression analysis reveals some interesting characteristics of Vietnamese listed firms. Vietnamese listed firms have a moderately average proportion of independent directors on their corporate boards (53.89 per cent), a high level of state ownership (26.63 per cent), a moderate level of managerial ownership (12.77 per cent) and a relatively low level of foreign ownership (9.80 per cent).Regression analysis results provide support for the juxtaposition of agency theory in explaining the variations of Vietnamese voluntary disclosure practices. In particular, the evidence reveals that a firm’s voluntary disclosure practice is positively influenced by the strength of their corporate governance (the proportion of independent directors on corporate boards). High state ownership, which is a unique feature of Vietnamese listed firms, has a significant and negative association with the extent of voluntary disclosure. Whilst a higher proportion of managerial ownership reduces the extent of voluntary disclosure, foreign ownership has no impact on such practice. Firm size, profitability, type of industry, auditing firms, listing duration and stock exchange location are important attributes associated with voluntary disclosure in Vietnamese annual reports.Evidence from this thesis suggests that corporate governance can serve as an effective monitoring mechanism to enhance the level of information disclosure in Vietnam. Such findings encourage Vietnamese policy makers to adopt stronger corporate governance mechanisms to improve the level of information transparency. The negative influence of state ownership on the extent of Vietnamese voluntary disclosure offers valuable insights into Vietnam’s future privatization plans. Moreover, the negative relationship between managerial ownership and voluntary disclosure practices enhances the understanding of the entrenchment problem of managerial ownership, particularly in an emerging market.Overall, the empirical results of this thesis not only contribute to the extant literature, but also provide helpful insights for policy makers in Vietnam as they strive to improve corporate information transparency. 2012 Thesis http://hdl.handle.net/20.500.11937/2181 en Curtin University fulltext |
| spellingShingle | Vietnamese listed firms Vietnamese accounting and financial reporting environment voluntary disclosure regression analysis Vu, Kelly Bao Anh Huynh Determinants of voluntary disclosure for Vietnamese listed firms |
| title | Determinants of voluntary disclosure for Vietnamese listed firms |
| title_full | Determinants of voluntary disclosure for Vietnamese listed firms |
| title_fullStr | Determinants of voluntary disclosure for Vietnamese listed firms |
| title_full_unstemmed | Determinants of voluntary disclosure for Vietnamese listed firms |
| title_short | Determinants of voluntary disclosure for Vietnamese listed firms |
| title_sort | determinants of voluntary disclosure for vietnamese listed firms |
| topic | Vietnamese listed firms Vietnamese accounting and financial reporting environment voluntary disclosure regression analysis |
| url | http://hdl.handle.net/20.500.11937/2181 |