Browse > Article
http://dx.doi.org/10.13106/jafeb.2020.vol7.no11.877

Factors Influencing Environmental Accounting Information Disclosure of Listed Enterprises on Vietnamese Stock Markets  

NGUYEN, Tung Dao (Deputy Director, Academy of Finance)
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.11, 2020 , pp. 877-883 More about this Journal
Abstract
The purpose of the article is to evaluate the factors that affect the degree of environmental accounting information disclosure. Data are collected from 87 industry companies listed on the Vietnamese stock market from 2009 to 2019. I focus on the effect of factors such as the Firm size, Profitability, Leverage, Firm age, and Independent auditors. To explain the causal relationship between factors, I construct the regression model and then test it by using different statistical method approaches, including the pooled OLS, the fixed effects model, and the random effects model. Then I conduct testing of model defects: White Test, Wooldridge Test, Hausman Test, and Wald Test. The Feasible Generalized Least Squares (FGLS) method is used to analyze the image factors that affect environmental accounting information disclosure. The results show that the extent of environmental accounting information disclosure is influenced by factors: firm size, uptime and independent audit. These factors positively affect the level of environmental accounting information disclosure; independent audit has the greatest influence. Based on the research results, the author gives recommendations to improve the disclosure of environmental accounting information for industrial enterprises listed on the Vietnamese stock market, increasing the competitiveness of the public company in terms of global integration.
Keywords
Environmental Accounting; Information Disclosure; Industrial Enterprises;
Citations & Related Records
Times Cited By KSCI : 6  (Citation Analysis)
연도 인용수 순위
1 Arif, H. M., & Tuhin, M. H. (2013). Disclosure of non-financial information voluntarily in the annual report of financial institutions: A study on listed banks of Bangladesh. European Journal of Business and Economics, 8(2), 37-42. https://doi.org/10.12955/ejbe.v8i2.397.
2 Barakat, F. S. Q., Perez, M. V. L., & Ariza, L. R. (2015). Corporate social responsibility disclosure (CSRD) determinants of listed companies in Palestine (PXE) and Jordan (ASE). Review of Managerial Science, 9, 681-702. https://doi.org/10.1007/s11846-014-0133-9   DOI
3 Bewley, K., & Li, Y. (2000). Disclosure of environmental information by Canadian manufacturing companies: a voluntary disclosure perspective. Advances in Environmental Accounting and Management, 1(1), 201-226.   DOI
4 Bowen, H. (1953). Social responsibilities of the businessman. With a commentary by F. Ernest Johnson. New York, NY: Harper & Brothers.
5 Burgwal, D. V. D., & Vieira, R. J. O. (2014). Environmental disclosure determinants in Dutch listed companies. Revista Contabilidade and Financas, 25(64), 60-78. https://www.scielo.br/scielo.php?script=sci_arttextandpid=S1519-70772014000100006   DOI
6 Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, organizations and society, 33(4-5), 303-327. https://doi.org/10.1016/j.aos.2007.05.003.   DOI
7 Deegan, C., & Unerman, J. (2011). Unregulated corporate reporting decisions: considerations of systems-oriented theories. Financial Accounting Theory. London, UK: McGraw-Hill.
8 DiMaggio, P. J., & Powell, W. W. (1983). And collective rationality in organizational fields. American Sociological Review, 48(2), 147-160. https://www.ics.uci.edu/-corps/phaseii/DiMaggioPowell-IronCageRevisited-ASR.pdf.   DOI
9 Freeman, R. E. (1984). Stakeholder management: Framework and Philosophy. Mansfield, MA: Pitman.
10 Ferrero, M. J., Garcia-Sanchez, I. M., & Cuadrado-Ballesteros, B. (2015). Effect of financial reporting quality on sustainability information disclosure. Corporate Social Responsibility and Environmental Management, 22(1), 276-283. https://doi.org/10.1002/csr.1330.
11 Jamil, C. Z. M., Mohamed, R., Muhammad, F., & Ali, A. (2015). Environmental management accounting practices in small medium manufacturing firms. Procedia - Social and Behavioral Sciences, 172, 619-626. http://dx.doi.org/10.1016/j.sbspro.2015.01.411.   DOI
12 Khalid, F. M., Ahmad, N., & Hasan, S. J. (2015). Awareness of environmental management accounting for decision making: A case study on an institution of higher learning. National Symposium & Exhibition on Business & Accounting 2015 (NSEBA IV).
13 Nguyen, T. M. H., Nguyen, T. K. T., & Nguyen, T. T. V. (2020). Factors Affecting the Implementation of Environmental Accounting by Construction Companies Listed on the Ho Chi Minh Stock Exchange. Journal of Asian Finance, Economics and Business, 7(8), 269-280. https://doi.org/10.13106/jafeb.2020.vol7.no8.269.   DOI
14 Nguyen, T. L. H., Nguyen, T. T. H., Nguyen, T. T. H., LE, T. H. A., & Nguyen, V. C. (2020). The Determinants of Environmental Information Disclosure in Vietnam Listed Companies. Journal of Asian Finance, Economics and Business, 7(2), 21-31. https://doi.org/10.13106/jafeb.2020.vol7.no2.21   DOI
15 Yang, L. H., & Liang, X. T. (2017). Study on the influencing factors of environmental accounting information disclosure. Paper presented at the International Conference on Economics, Management Engineering and Marketing - EMEM 2017, October 20th-22nd.
16 Nurul Huda, Y. (2015). Determinants of environmental reporting in Malaysia for industrial product sector. Doctoral dissertation, Universiti Utara Malaysia. http://etd.uum.edu.my/id/eprint/5150
17 O'donovan, G. (2002). Environmental disclosures in the annual report. Accounting, Auditing and Accountability Journal. https://doi.org/10.1108/09513570210435870.
18 Omran, M. A., & Ramdhony, D. (2015). Theoretical perspectives on corporate social responsibility disclosure: a critical review. International Journal of Accounting and Financial Reporting, 5(2), 38-55. DOI: 10.5296/ijafr.v5i2.8035.   DOI
19 Shane, P. B., & Spicer, B. H. (1983). Market response to environmental information produced outside the firm. Accounting Review, 521-538. DOI: 10.2307/246532
20 Uzma, K. H. A. N., Haque, M. I., & Khan, A. M. (2020). Environmental Sustainability Awareness in the Kingdom of Saudi Arabia. Journal of Asian Finance, Economics and Business, 7(9), 687-695. https://doi.org/10.13106/jafeb.2020.vol7.no9.687   DOI