The disclosure of Environmental, Social, and Governance reports of Small and Medium-sized Enterprises in the emerging market

Lan Thi Ngoc Uong () and Nam Danh Nguyen
Additional contact information
Lan Thi Ngoc Uong: Thanh Dong University, Hai Duong Province, Vietnam
Nam Danh Nguyen: Thanh Dong University, Hai Duong Province, Vietnam

HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, 2025, vol. 15, issue 3, 107-123

Abstract: The study aims to explore the factors influencing the disclosure of ESG reports of Small and Medium-sized Enterprises (SMEs) in Vietnam, an emerging economy in Southeast Asia, using fundamental theories such as legitimacy theory, stakeholder theory, organizational theory, institutional theory, and agency theory. Using a survey dataset of 217 SMEs in Vietnam’s two largest cities obtained through convenience sampling, we tested hypotheses and structural equation models using SmartPLS software. The results indicate that legal regulations have the greatest impact on ESG report disclosure among SMEs in Vietnam, while the sector of an enterprise exerts the least influence. These findings provide insights into the factors influencing ESG disclosure in an emerging economy, offering valuable implications for companies, policymakers, and other stakeholders.

Keywords: ESG disclosure; emerging market; SMEs (search for similar items in EconPapers)
JEL-codes: D22 F64 O44 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/3701/2373 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bjw:econen:v:15:y:2025:i:3:p:107-123

DOI: 10.46223/HCMCOUJS.econ.en.15.3.3701.2025

Access Statistics for this article

HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION is currently edited by Nguyen Thuan

More articles in HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION from HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY
Bibliographic data for series maintained by Vu Tuan Truong ().