Impact of Social Reponsibility Information Disclosure on the Financial Performance of Enterprises in Vietnam.

Bài báo do nhóm tác giả: Hoang Thi Viet Ha, Vu Thi Thuy Van, Dang Ngoc Hung; Trường Đại Học công nghiệp Hà Nội, Trường Đại học kinh tế Quốc dân. Được đăng tải trên tạp chí Indian Journal of Finance (ISSN 0973 - 8711)

Abstract: This study explored the current situation of disclosure of information on social responsibility and the impact of the disclosure level of information on social responsibility on the financial performance of enterprises listed on the Vietnamese stock market. We used a combined method to measure the disclosure level of information on social responsibility in the annual reports of 289 enterprises in Vietnam in 2016. The financial performance was measured by three indicators: ROA , Tobin's Q, and stock prices. The research results showed that the disclosure level of information on social responsibility stated in the annual report was medium, only at 37.235%. Regarding control variables, financial leverage was inversely related to financial performance, while the size of business did not affect the financial performance. However, when considering the factors of business size, both financial leverage and industry factor affected the disclosure level of information on social responsibility.

Keywords: Information Disclosure, Corporate Social Responsibility, Annual Report, Financial Performance, Tobin's Q, Stock Prices

Nguồn: DOI: https://dx.doi.org/10.17010/ijf%2F2019%2Fv13i1%2F141017