Factors Affecting Disclosure Levels of Environmental Accounting Information: The Case of Vietnam

Abstract

This research is conducted for assessing factors affecting disclosure levels of environmental accounting information of construction firms in Vietnam. Data were collected from 74 construction firms listed on Vietnam Stock Exchange for the period from 2013 to 2016. Based on quantitative research method, the disclosure levels of accounting information and factors affecting this level were scrutinized. The results indicate that the disclosure levels of environmental accounting information of construction firms tends to increase, especially in 2016. In addition, the results also point out that the level of disclosure is influenced by factors of firm size, profitability, financial leverage, number of years listed and independent audit. Through findings, some recommendations are given for improving the disclosure levels of environmental accounting information to satisfy the demand for information of the stakeholders in the context of integration.

Disclosure levels of environmental accounting information and financial performance: The case of Vietnam

“…They also reviewed other works on stakeholder theory and suggested how stakeholder management affected the practice of management. In Vietnam, studies related to the disclosure of environmental accounting information can be referred to as researches of Nguyen (2016); ; ; Nguyen et al (2018). Based on quantitative research method, these studies have investigated the factors affecting the disclosure levels of accounting information and have given some recommendations to improve environmental accounting in future.…”

Influence of Creditor Stakeholder Pressure, Media Coverage and Industry Groups on Quality of Social and Environmental Disclosure in Indonesian Companies

“…Consequence social and environmental causes of agencies become a source of global concern resulting in the emergence of the concept of Corporate Social Environment Disclosure (CSED) (Macarulla and Talalweh, 2012;Bewley and Griffiths, 2000;Patten, 1992;Ulmann, 1985). Important issue social and environmental disclosure is a challenge and concern of many countries, especially in developed countries both academics and business executives (Nguyen et al, 2017;Macarulla and Talalweh, 2012). Basically, both are considered to have a positive relationship due to profit that the company obtained is no longer the only way to measure company performance (Bani-khalid et al, 2017;Sanghiata et al, 2015).…”

Elucidative motives of social and environmental reporting in Ethiopian companies

“…Previous studies produced diverse body of academic literature which explains the underlying motivational factors of company's social and environmental reporting; however, a comprehensive theoretical framework is still elusive. The most dominant theories that have been used were legitimacy, stakeholder and agency theories (Nguyen et al, 2017;Suttipun and Stanton, 2012;Ali and Rizwan, 2013;De Burgwal and Vieira, 2014).…”

“…The theory explains this social contract as an arrangement in which the firms agree to perform various socially desired actions in return for approval of their objectives and other rewards which will ultimately guarantee their continued existence and legitimation (Deegan, 2002). According to Nguyen et al (2017), an entity can exist when its value system is consistent with the value system of the larger social system in which it is located. Additionally, Ali and Rizwan (2013) argue that only legitimate company has the right to utilize society's natural and human resources.…”

“…However, currently there is no universally accepted theoretical framework for why companies disclose social and environmental information (Suttipun and Stanton, 2012;Nguyen et al, 2017). Scholars argue that companies reporting on social and environmental information should comply with the existing regulation; nevertheless, there is no stringent regulation compatible with general financial reporting.…”