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Factors Affecting Disclosure of Accounting Information And Impacts of A Six Factor Model on DCM Stock Price in Agriculture & Commerce Sector in Vietnam - And Roles of It Governance & Data Security in Risk Management


Dr. Hoang Thi Hong Van, Hoang Van Thuc, Dinh Tran Ngoc Huy, Nguyen Thu Hien and Nguyen Van Bao
Abstract

The stock market in Vietnam is one of emerging markets which attracts both opportunities and challenges. There are many factors affecting disclosure of accounting information and have impacts on risk level of business, such as: the following factors influenced on the disclosure level: tax rate, financial leverage, acquiring company size, recognized percentage of overprice for expected future profitability in relation to the transaction value. Fluctuation of stock price in agriculture sector in developing countries such as Vietnam will reflect the business health of agricultural system and the whole economy. Good business management requires us to consider the impacts of multi macro factors on stock price, and it contributes to promoting business plan and economic policies for economic growth and stabilizing macroeconomic factors. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of six (6) macroeconomic factors on stock price of PetroVietnam CaMau Fertilizer Joint Stock company (DCM) in Vietnam in the period of 2014-2019, both positive and negative sides. The results of quantitative research, in a seven factor model, show that the increase in GDP growth and lending rate and risk free rate has a significant effect on increasing DCM stock price with the highest impact coefficient, the second is decreasing the exchange rate. This research finding and recommended policy also can be used as reference in policy for agriculture sector and bank system in many developing countries.

Volume 12 | Issue 5

Pages: 342-354

DOI: 10.5373/JARDCS/V12I5/20201722