The Influence of Information Transparency and Disclosure on the Value of Listed Companies: Evidence from Vietnam

Loc Dong Truong, Thai Xuan Le and H. Swint Friday
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Loc Dong Truong: College of Economics, Can Tho University, Can Tho City 94115, Vietnam
Thai Xuan Le: Mekong Delta Development Research Institute, Can Tho University, Can Tho City 94115, Vietnam
H. Swint Friday: RELLIS Campus, Texas A&M University, Bryan, TX 77807, USA

JRFM, 2022, vol. 15, issue 8, 1-14

Abstract: This analysis examines the influence of information transparency and disclosure on the value of companies listed on the Vietnamese stock market. Data employed in this study were primarily gathered from the audited financial statements, management reports and other related documents of 430 publicly traded firms listed on the Ho Chi Minh Stock Exchange (HOSE) and Ha Noi Stock Exchange (HNX) for the time period from 2014 through 2016. Using the GMM (Generalized Method of Moments) approach, the empirical findings indicate that the level of transparency and disclosure of the companies has a significant positive effect on firm value as measured by Tobin’s Q.

Keywords: transparency and disclosure; value of listed companies; Vietnam (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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