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

Affiliations

  • Lecturer, Faculty of Accounting & Auditing, Hanoi University of Industry, Tay Tuu Ward, Bac Tu Liem District, Ha Noi, Viet Nam
  • Lecturer & Research Student, School of Banking and Finance, National Economics University, 207 GiaiPhong Street, Hai Ba Trung District, HaNoi, Viet Nam
  • Associate Professor of Accounting & Auditing, Faculty of Accounting & Auditing, Hanoi University of Industry, Tay Tuu Ward, Bac Tu Liem District, Ha Noi, Viet Nam

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

G02, G03, G04

Paper Submission Date : May 16, 2018 ; Paper sent back for Revision : December 17, 2018 ; Paper Acceptance Date : December 22, 2018


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