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

Nguyen Van Linh (), Dang Ngoc Hung (), Dang Thai Binh (), Vu Thi Thuy Van () and Nguyen Thi Mai Anh ()

Asian Economic and Financial Review, 2019, vol. 9, issue 4, 547-558

Abstract: 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.

Keywords: Information disclosure; Business efficiency; Sustainable development; Social responsibility; Financial leverage; Vietnam. (search for similar items in EconPapers)
Date: 2019
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