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http://dx.doi.org/10.13106/jafeb.2020.vol7.no2.21

The Determinants of Environmental Information Disclosure in Vietnam Listed Companies  

NGUYEN, Thi Le Hang (Faculty of Economics and Accounting, Quy Nhon University)
NGUYEN, Thi Thu Hien (Faculty of Industrial University of Ho Chi Minh City (IUH))
NGUYEN, Thi Thanh Huyen (Faculty of Environmental, Climate Change and Urban Studies, The National Economics University (NEU))
LE, Thi Hong Anh (Faculty of Law, The National Economics University (NEU))
NGUYEN, Van Cong (School of Accounting and Auditing, The National Economics University (NEU))
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.2, 2020 , pp. 21-31 More about this Journal
Abstract
Environmental pollution and climate change in Vietnam are now becoming a major concern. This situation is increasing the pressure on the companies to improve their social responsibility in production and business activities and disclose the environmental information to meet the requirements of stakeholders. This study investigates the internal and external factors of the company that affects the environmental information disclosure of listed companies on the Vietnam stock market as business sector, firm size, corporate manager perceptions, profitability, financial leverage, community pressure, pressures from stakeholders, government pressure influencing environmental information disclosure. Analytical data collected through the survey of 120 listed companies on the Ho Chi Minh City Stock Exchange (HOSE). By testing Cronbach's Alpha, exploratory factor analysis (EFA) and logistic regression analysis, the results of the study show that the level of environmental information disclosure of listed companies on the stock market in Vietnam depends heavily on government regulations, followed by the pressure from stakeholders, community pressure, views of business managers, companies size, business sector, and particularly profitability and financial leverage factors that have a negative relationship with environmental information disclosure.
Keywords
Environmental Information; Information Disclosure; Environmental Report; Vietnam Listed Companies;
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